A start-up born in the chemistry department in Bar Ilan offers clean and efficient solutions for energy production and storage without polluting emissions
A new greentech startup, Refuel, will develop reversible fuel cell technology. The new company is the result of a partnership between Birad, the research and development company of Bar-Ilan University, and Refuel, a subsidiary of "Dakma Capital", an Israeli investment company. The technology, which is already under development, enables energy storage through reversible fuel cells. The development of the technology was led by Prof. Lior Elbaz from the chemistry department in Bar-Ilan.
Fuel cells are a cheap and efficient alternative to batteries and are being developed around the world as part of the effort to find clean and efficient solutions for energy production and storage without polluting emissions. Reversible hydrogen-based fuel cells, as developed by Prof. Elbaz, are one of the innovative technologies in this field.
Prof. Elbaz, co-founder of Refuel, and the head of the fuel cell consortium operating within the framework of the chemistry department in Bar-Ilan, said: "I am excited that we have reached this point. We passed the proof of concept stage. The technology has the potential to revolutionize energy storage and production. The world is looking for affordable, sustainable energy and this technology promises to help deliver that.”
Nathaniel Lorenzi, co-founder of Refuel and the CEO of Dakma Capital, said: "We are happy to cooperate with Bar-Ilan University to launch the Refuel. Professor Elbaz is a leading figure and his research will have an impact that changes the way we store energy and consume it. Energy supply and climate change are challenges that every country has to face. As we move towards renewable energy, we face the problem of energy storage. for the technology we develop inRefuel has the potential to be the solution to this challenge. This is a milestone for Dakma Capital and we look forward to succeeding in a big way with Refuel".
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