Storage Drop

Mar 17, 2024 ·

en.globes.co.il

growth-positive

Storage Drop wins EU grant for cooling systems

Storage Drop has been awarded a €1 million grant from the EU funding program - HORIZON to develop an innovative cooling system. The total grant of €2.5 million will be shared with the Technion-Israel Institute of Technology, Spain’s University of Rovira I Virgili (URV), the French Research Institute CNRS Promes, UCA, AristEng process engineering, and the Spanish strategic company - Inveniam Group. The cooling system will be powered by solar panels and will use clean elements like water and CO2. The company expects the construction of the system to take around 12 months.

InvestmentPartners

Mar 12, 2024 ·

www.ice.co.il

growth-positive

מענק של 2.5 מיליון אירו: זו החברה הישראלית שמרוויחה בענק

Storj Drop, an Israeli company, has won a grant from the European Union for its Clean and efficient cooling program. The grant, amounting to 2.5 million euros, will be shared with Technion in Haifa, URV Spain University, French research institute Promes, international company Iberia Energies Technip, and Spanish strategy company Inveniam Group. The funding will be used for the development, planning, and testing of a new cooling system that operates at low temperatures, powered by a solar panel. The system is expected to be more efficient and environmentally friendly than conventional cooling systems.

InvestmentPartners

Jan 28, 2024 ·

www.funder.co.il

growth-positive

סטורג` דרופ תקבל מענק של של כ-700 אלף ש"ח עבור הקמת פרויקט אספקת אוויר דחוס

Israeli company Storage Drop has received approval for a grant from the Innovation Authority for a project to establish and operate a compressed air supply facility. The approved budget for the project is approximately 2.3 million NIS for 9 months, with the Innovation Authoritys participation standing at about 700,000 NIS. The grant will be given subject to meeting the authoritys conditions, which include proving the ability to finance a complementary amount of 1.8 million NIS by the end of March 2024. The company has already presented financing of 1.25 million NIS and is expected to raise the remaining financing soon.

InvestmentPartners

Jan 13, 2024 ·

www.themarker.com

Growth-Positive

סטורג' דרופ וטויוטה יקימו מתקן פיילוט לטעינה מהירה של מכוניות חשמליות

Storeg Drop, a company that develops energy storage systems using compressed air during off-peak energy consumption hours, has received approval from Aisin of the Toyota Group to start a joint pilot at Aisins test site in Japan. This follows the successful testing of a similar energy storage facility that Storeg Drop set up at the port of Ashdod. The news led to a 4.75% increase in Storeg Drops share price.

PartnersExpand

Dec 18, 2023 ·

www.sponser.co.il

growth-negative

אכזבה לסטורג’דרופ: לא קיבלה מימון מרשות החדשנות והאיחוד האירופי

StorjDrop, a company that entered the stock market in March 2021 through a merger with Medivie, has been denied funding by the Innovation Authority and the European Union (EU Funding Programme HORIZON). The company, which develops energy storage systems using compressed air and systems for compressing air using water pistons, has been erasing tens of percentages for investors since it was issued. The company intends to reapply for funding as soon as possible.

Investment

Jun 26, 2023 ·

www.themarker.com

growth-negative

סטורג' דרופ נסקה ב-15% לאחר חתימה על הסכם עם תנובה

The stock of Stor-G dropped by 14.6% after the company signed an agreement with Tnuva to establish and operate an air compression facility for 15 years. The stocks trading volume was 2 million shekels, which is 92 times higher than the average daily volume. The company develops energy storage systems using compressed air.

Partners

Feb 6, 2022 ·

en.globes.co.il

growth-positive

Storage Drop wins rights to US DoE energy storage technology

Israeli company Storage Drop has received approval from the US Department of Energy to use patent-protected technology for energy storage. The technology uses air compressed by water to produce electricity and was developed by the USA National Laboratories. The approval opens up the US market for Storage Drop. The company has also begun operating its CoolDrop system for producing cooling at a demonstration site in Rehovot, and is readying to operate its HyDrop storage system at Ashdod port.

Partners

Jan 16, 2022 ·

en.globes.co.il

growth-positive

Storage Drop energy storage prototype to begin operations

Storage Drop has completed building a prototype of its HyDrop thermal energy storage system for producing electricity. The prototype will begin operating at Ashdod Port in the coming weeks. The company has also developed the CoolDrop energy storage system for cooling and air conditioning. Storage Drop is traded on the Tel Aviv Stock Exchange and has a market cap of NIS 117 million. The company recently raised $2 million from private investors. It plans to complete the development of HyDrop and CoolDrop on a commercial scale in 2022 and begin selling the systems during the coming year.

InvestmentExpand

Jul 22, 2021 ·

www.sponser.co.il

מיזם האנרגיה של גדי איזנקוט נכנס לבורסת ת"א

Jun 23, 2021 ·

middleeast.in-24.com

Neutral

https://middleeast.in-24.com/News/17314.html

Allo Health, Indias first chain of sexual health clinics, offers science-backed treatment for sexual health concerns. The company provides online consultations with in-house sexual health experts, who have between 1 and 18 years of experience. Allo Healths services are praised by patients for their convenience, effectiveness, and the supportive nature of the medical staff. The company aims to encourage open conversations about sexual health and provide a structured care system for sexual wellness.

Customers

Jun 23, 2021 ·

www.globes.co.il

growth-positive

לאומי פרטנרס ודוראל אנרגיה ישקיעו 6 מיליון שקל במיזם של גדי אייזנקוט

סטורג דרופ, a renewable energy company, has signed an investment agreement with Doral Energy-Tech Ventures and National Partners. The investment will be completed after the merger between StorageDrop and Medivie Therapeutics. Doral and National Partners will invest a total of 6 million shekels, reflecting a company valuation of approximately 230 million shekels. Other investors include Equitra Capital Limited and Yona Fogel, who will contribute a total of 8.75 million shekels. The investment process is expected to reach a total of 22 million shekels. As part of the agreement, Doral will have the option to purchase energy storage and cooling systems from StorageDrop, as well as the first right of cooperation in future projects. Doral will also have the right to distribute, market, and sell StorageDrops energy storage systems worldwide.

Investment

Apr 12, 2021 ·

en.globes.co.il

growth-positive

StorageDrop appoints Gadi Eizenkot as chairman

Former IDF Chief of Staff Gadi Eizenkot has been appointed chairman of the board of directors of StorageDrop, an Israeli energy storage company. StorageDrop focuses on developing advanced technology for storing green energy and has two separate storage systems for different purposes. The companys solutions aim to bridge the gap between the availability of energy from natural resources and the time it is used. StorageDrop is in the development stage for its systems and plans to begin selling them in Israel in 2022. The appointment of Gadi Eizenkot as chairman is seen as a positive growth factor for the company. The article was published on April 12, 2021.

PartnersPublic Trading

Mar 21, 2021 ·

en.globes.co.il

growth-positive

StorageDrop lists on TASE through Medivie merger

Israeli energy storage company StorageDrop is set to list on the Tel Aviv Stock Exchange through a merger with Medivie Therapeutic. The merger will see StorageDrops shareholders hold about 75% of Medivies share equity in full dilution. StorageDrop has developed two separate storage systems for renewable energy, one for producing electricity in renewable energy installations and the other for supplying cooling and air conditioning for buildings. The companys systems are still in the development stage and are expected to be sold in Israel in 2022.

Public TradingAcquisition

Mar 18, 2021 ·

www.globes.co.il

growth-positive

חברת האנרגיה הירוקה סטורג דרופ נכנסת לבורסה בת"א במיזוג עם מדיוי

Green energy company StorageDrop is entering the Tel Aviv Stock Exchange through a merger with Medivie Therapeutic. According to the memorandum of understanding signed between the parties, StorageDrops shareholders will hold up to about 75% in full dilution of Medivies share capital, which has so far focused on the production of medical cannabis products. One of the conditions for the merger is that the company will have 17.5 million shekels, either from the companys own coffers or through a private or public issuance of its shares. StorageDrop is focused on developing advanced technologies for storing green energy.

Public TradingManagement Changes

Total funding	$2.09M
Last funding	$1.09M
Stage	Public
Rounds	2
Investors	1

Website	storagedrop.co.il/
LinkedIn	LinkedIn

Employees (range)	1-10
Exact count	9
Team members	1

Confidence	89/100
Missing	video or image, markets, not claimed
BI Verification	Yanina Wainscheinker
Registrar ID	516297736
Phone	+972774008515
Creator	Yanina Wainscheinker
Creator email	yanina.wain@gmail.com
Last updater	Maor Perlov
Updater email	maor.perlov@sncentral.org
Last update	2024-06-30T00:00:00.000Z
Created	2021-03-22T00:00:00.000Z
Status detail	Public on TASE on Mar, 2021<br>

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Storage Drop

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Cumulative Funding Raised Over Time ($)

Latest News

Funding

Team Members

Web & Social Links

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Photos & Videos

Storage Drop Business

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Target Customer

Core Technology

Tags (7)

Geographic Markets

Storage Drop Financials

Cumulative Funding Raised Over Time ($)

Private Equity Funding

Non-Equity Funding

Public Offering / Exit

Storage Drop Lifecycle

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All Events

Storage Drop News

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Employee Info

Similar Companies

Storage Drop Internal

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