Indian Oil Corporation (IOC), the country’s largest fuel retailer, has signed Letters of Intent (LoI) with Phinergy, an Israeli start-up company, and YEDA, a technology company from Weizmann Research Institute, Israel, the company said in a statement on Tuesday.
The technology collaboration with Phinergy will enable the fuel retailer to work on adoption of advanced energy systems for the Indian market for both mobility and stationary industrial applications, IOC said, adding the association could also lead to setting up of manufacturing units for these energy systems in India.
The LOI signed with YEDA (Weizmann Institute) will pave the way for research collaboration between the organisations for developing solar to green fuel technologies through concentrated solar thermal route. Read More…
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