ENA Sectors 2022-07-19 12:11:42 <p><strong>New Delhi, July 19 (KNN)</strong> The Electric Vehicle sector of India will get a boost with the signing of an agreement between Indian and Israeli companies to produce aluminium air batteries.</p> <p>This agreement will help Electric vehicles by extending its driving range without the need for charging infrastructure, reduce battery imports.</p> <p><strong><a href="https://news.google.com/publications/CAAqBwgKMJSHqwswkZLDAw/sections/CAQifkNCSVNXRG9pWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjVmWldScGRHbHZia0lhWjJGeVlXMXZibVJmY0hWaWJHbHphR1Z5WDNObFkzUnBiMjV5RmdvVUNoSkhRVkpCVFU5T1JGOUdWVXhNWDA1QlRVVW9BQSoQCAAqBwgKMJSHqwswkZLDA1AB?ceid=IN:en&amp;oc=3"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></p> <p>Aditya Birla Group's metal flagship, Hindalco, has signed an MoU with Phinergy, a leading Israel-based pioneer in metal-air battery technology, and IOC Phinergy Private Limited (IOP) - a joint venture between Phinergy and Indian Oil Corporation, to create aluminium-air batteries for electric vehicles (EVs), a joint press release by the companies said on Monday.</p> <p>As per the agreement, Phinergy and IOP will join hands with Hindalco in India on R&amp;D and pilot production of aluminium plates for Aluminium-Air batteries, and recycling of aluminium, after usage in these batteries.</p> <p>In the Aluminium-Air battery, developed by Phinergy, energy is released when aluminium reacts with oxygen in ambient air to produce aluminium hydroxide. </p> <p>Due to its light weight and high energy density, an Aluminium-Air battery significantly increases the driving range of Electric Vehicles. It also enables quick refuelling' and eliminates the need for expensive nationwide charging networks, the press release said.</p> <p>Aluminium-Air batteries offer a viable alternative to other battery chemistries and will boost the domestic manufacturing of batteries to meet India's growing demand for energy storage.</p> <p>The EV market, which would be the primary segment for Aluminium-Air batteries, is projected to achieve cumulative sales of 80 million units by 2030, according to a joint report by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, and NITI Aayog.</p> <p>The joint effort by both the countries will help India in its journey towards sustainable, affordable and safe energy options for stationary and e-Mobility purposes. It will also provide a boost to the Atmanitbhar Bharat initiative by enhancing energy security. <em><strong>(KNN Bureau)</strong></em></p> 29909 https://knnindia.co.in/news/newsdetails/sectors/india-israel-companies-sign-mou-to-produce-aluminium-air-batteries-to-boost-domestic-manufacturing 2022-07-19 12:11:42 knnindia.co.in