OIL & GAS

Fossil fuel giant IndianOil buys into energy storage industry with share boost in metal-air firm Phinergy

Government owned IndianOil has upped its stake in Israel metal-air battery company Phinergy as the fossil fuel firm looks to “embrace emerging alternatives”.

Both companies are in the process of forming a joint venture in India for collaboration on aluminium-air battery system for e-mobility and stationary applications.

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