Home New mexico real estate new Greentech start-up, Refhuel, to develop reversible fuel cell technology | News

new Greentech start-up, Refhuel, to develop reversible fuel cell technology | News

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LONDON–(BUSINESS WIRE)–February 7, 2022–

A new venture, Refhuel, which will focus on reversible fuel cell technology, is launching today.

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New Greentech start-up, Refhuel, to develop reversible fuel cell technology (Photo: Business Wire)

It is the result of a licensing agreement signed between Refhuel Limited, a subsidiary of Decama Capital Ltd (ticker: DCMA), an Israeli investment firm headquartered in the UK and listed on the Tel Aviv Stock Exchange. and BIRAD, the corporate research and development unit of Bar-Ilan University.

The pioneering technology to enable reversible fuel cells, which is already in development, was worked on at Bar-Ilan University in Israel under the direction of Professor Lior Elbaz.

Prof. Lior Elbaz, head of Israel’s Fuel Cell Consortium, is based in Bar Ilan University’s Department of Chemistry and is a globally respected fuel cell expert.

Refhuel is developing a reversible fuel cell based on proprietary hydrogen transport technology that will enable efficient energy storage and production.

The announcement comes as Decama Capital Ltd seeks to expand and explore new investment opportunities, particularly in the renewable energy sector.

Professor Lior Elbaz, co-founder of Refhuel and associate professor of chemistry at Bar-Ilan University, Israel, said:

“I’m really excited to have reached this point. We’ve passed the proof-of-concept stage, and ultimately the technology has the potential to revolutionize energy storage and generation. The world is looking affordable and sustainable energy and this technology promises to help.

Dr. Tsvika Ben Porat, CEO of BIRAD, said:

“The signing of the agreement with Refhuel, a subsidiary of Decama Capital, represents the latest example of BIRAD’s work translating our university’s exciting research into a business opportunity. Professor Elbaz’s work and innovation has the potential to change the way we store energy. It is an example not only of Bar Ilan’s excellence, but also of Israel’s leading position as a technological nation.

Nate Lorenzi, co-founder of Refhuel andCEO of Decama Capital Ltd, said:

“We are delighted to partner with Bar-Ilan University to launch Refhuel. Professor Elbaz is a global figurehead and his research will have a transformational impact.

Energy supply and climate change are challenges that every nation faces. As we move towards renewable energy, we face the problem of energy storage. The technology we are developing at reffuel has the potential to be the solution to this. This is a milestone for Decama Capital and we anticipate great success with Refhuel.

-ENDS-

NOTES TO EDITORS

Reffuel Website – www.reffuel.com

Decama Capital Ltd (TASE: DCMA) is an Israeli cross-industry investment firm, with core holdings in real estate and an active interest in investing in fast-growing sectors, including impact investing and renewable energy. Founded in 2005 and listed on the Tel Aviv Stock Exchange, it has an experienced team of investment professionals. Based in London and with offices in Israel, her expertise lies in her strategic and commercial approach to investing and managing complex transactions. Nate Lorenzi has been CEO since 2018.

BIRAD Research & Development Company Ltd. was established to translate new inventions made at Bar-Ilan University into useful products that can be effectively marketed, thereby strengthening the economy, promoting innovation and improving lives. Bar Ilan University, founded in 1955, is the second largest university in Israel, with around 19,000 students and approximately 1,350 academic staff.

Professor Lior Elbaz is an Associate Professor of Chemistry at Bar-Ilan University, Israel. He received his Ph.D. in Chemical Engineering from Ben-Gurion University, Israel. During his graduate studies, he specialized in electrochemistry and worked on the development of catalysts for fuel cells. He was a post-doctoral fellow at Los Alamos National Laboratory in New Mexico (USA), returning there as a visiting scientist, 2020-21. Professor Elbaz established and directs the Israeli Fuel Cell Consortium in 2016 with support from the Fuel Choices and Smart Mobility Initiative of Israel’s Prime Minister’s Office. It is a 12-member laboratory consortium with representation from all major universities in Israel. Professor Elbaz is also the Israeli representative on the International Energy Agency’s Advanced Fuel Cells Executive Committee and a member of the Israeli Presidential Climate Forum. He is a consultant for some of Israel’s largest energy companies and has actively promoted the hydrogen economy.

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PUBLISHED: 02/07/2022 05:55 AM/DISC: 02/07/2022 05:55 AM

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Copyright BusinessWire 2022.