- CEO
- Avraham Geller
- Full Time Employees
- 21
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Greenwork Yakum Yakum Israel 6097200
- IPO Date
- Nov 9, 2020
- Business
- Augwind Energy Tech Storage Ltd Augwind Energy Tech Storage Ltd is an Israel-based technology company that develops and commercializes advanced energy storage and efficiency solutions, primarily through its proprietary AirBattery system, which combines compressed air energy storage with pumped hydro principles for grid-scale, long-duration storage; AirSmart, an energy efficiency platform for industrial air compressors; water compressors; and hydrogen storage technologies. The AirBattery employs a closed-loop liquid piston mechanism using underground vessels for near-isothermal air compression and expansion, paired with reversible hydroelectric turbomachinery and geological salt caverns for multi-day energy dispatch, targeting renewable integration with key metrics including over 60% round-trip efficiency, 99% availability, negligible degradation over a 50-year lifespan, and minimal land and water footprints. Augwind Energy Tech Storage Ltd serves the electricity sector, solar farms, wind farms, and industrial plants, with primary operations in Israel and expanding internationally. Founded in 2007 and headquartered in Yakum, Israel, the company went public on the Tel Aviv Stock Exchange in 2021. Recent developments include the recommissioning of its Yahel pilot AirBattery site in early 2024 to achieve over 47% round-trip efficiency at 250kW/1MWh capacity in partnership with the Israeli Ministry of Energy; a strategic agreement with Voith Hydro for collaborative development of turbines, water pumps, and related equipment; entry into the European market through the acquisition of a 509MW/up to 4GWh battery energy storage project in Brindisi, Italy, for €230 million alongside B7 Energy; and joining the International Hydropower Association as a member in 2024.