Called Refhuel, the business is the result of a license agreement signed between Refhuel Limited, a Decama Capital subsidiary, and BIRAD, Bar-IIan University’s research and development company.
Work on the reversible fuel cell is already underway at Israel’s Bar-IIan Unveristy under the leadership of Professor Lior Elbaz, Co-Founder of Refhuel.
Professor Lior Elbaz, Co-Founder of Refhuel and Associate Professor in Chemistry at Bar-Ilan University, said, “I am really excited to have reached this point. We have passed the proof-of-concept stage, and, in time, the technology has the potential to revolutionise energy storage and production.
“The world is looking for affordable, sustainable energy and this technology promises to help deliver this.”
Nate Lorenzi, Co-Founder of Refhuel and CEO of Decama Captial, added, “We are delighted to come together with Bar-Ilan University to launch Refhuel. Professor Elbaz is a world leading figure and his research will have a transformational impact.
“Energy supply and climate change are challenges facing every nation. As we move towards renewables, we face the problem of energy storage. The technology we are developing at Refhuel has the potential to be the solution to this.
“This Is a landmark event for Decama Capital and we look ahead to have a great success with Refhuel.”
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