Augwind signs a strategic agreement with Voith Hydro
Retrieved on:
Monday, June 13, 2022
YAKUM, Israel, June 13, 2022 /PRNewswire/ -- Augwind (TASE: AUGN) today announces that it has signed a strategic collaboration agreement with Voith Hydro (part of Voith Group), a global technology group with operations in over 60 countries worldwide, 20,000 employees, and a sales turnover of around €4.3 billion. Voith Hydro is considered one of the world's leading and most experienced companies in the fields of hydropower plants and pumped storage.
Key Points:
- Voith Hydro is considered one of the world's leading and most experienced companies in the fields of hydropower plants and pumped storage.
- According to the agreement, Augwind will have the exclusive right to integrate these components into the AirBattery systems it builds and sells.
- Allon Raveh, CEO of Augwind, said:"This agreement is a first strategic agreement which is an excellent fit for our roadmap to improve the core capabilities of our AirBattery storage system.
- The Group Division Voith Hydro is part of the Voith Group and a leading full-line supplier as well as trusted partner for equipping hydropower plants.