Augwind is an Israeli technology company founded in 2012 by
Dr. Or Yogev, with a mission to develop an alternative solution to energy storage. Augwind developed a unique method and process for underground air storage at high pressure in a safe, cost-effective manner.
Augwind's core technology is the basis for two lines of products -
The AirSmart energy efficiency system for industrial applications, commercialized since 2016 with over 50 installations at some of the largest factories in Israel, and the AirBattery energy storage system - A novel combination of pumped hydro and compressed air energy storage, with a unique value proposition for renewable energy integration.
The company took its first steps at "Capital Nature" technology incubator, where it first developed and commercialized the AirSmart energy efficiency system. In December 2019, the company completed a reverse merger into a public shell and is traded on the Tel Aviv Stock Exchange under the symbol AUGN.
Augwind is actively installing and maintaining operational compressed air storage units throughout Israel, effectively saving millions of dollars with tens of thousands of operational cycles.
This experience has refined Augwind's understanding of the energy industry, and built its delivery capabilities to a point where we are ready to apply our knowledge to commercialize and implement the next stage in the energy storage evolution.
Backed by significant support from the Israel Innovation Authority and the European Union, Augwind took major steps in developing and commercializing its patented technologies.
The AirBattery energy storage system has secured over 200MWh of projects in Israel and is now tapping into international markets, while the AirSmart is now available in the U.S and European markets, contributing to the reduction of industrial CO2 emissions.
Looking forward, with our vision, roadmap and ongoing ventures -
We are proud to be at the fore-front of the global effort for a cleaner and more sustainable future.
Or Yogev Ph.D.
Founder & Interim CEO
Ram David Pur