Hydrogen Central

New Greentech Start-Up, Refhuel, to Develop Reversible Fuel Cell Technology

refhuel reversible fuel cell technology

New greentech start-up, Refhuel, to develop reversible fuel cell technology.

A new business, Refhuel, which will focus on reversible fuel cell technology launches.

It’s the result of a license agreement signed between Refhuel Limited, a subsidiary of Decama Capital Ltd (symbol: DCMA), an Israeli investment company headquartered in the UK and listed on the Tel Aviv Stock Exchange and BIRAD, Bar-Ilan University’s research and development company.

The pioneering technology to allow reversible fuel cells, which is already in development, has been worked on at Bar-Ilan University in Israel under the leadership of Professor Lior Elbaz.

Professor Lior Elbaz, the head of the Israel fuel-cells consortium, is based at the Department of Chemistry at Bar Ilan University and is a globally respected fuel cells expert.

Refhuel is developing a reversible fuel-cell based on a proprietary hydrogen carrier technology that will enable efficient storage and production of energy.

The announcement comes as Decama Capital Ltd looks to expand and explore new investment opportunities, particularly in the renewable energy sector. Thanks for staying up to date with Hydrogen Central.

Professor Lior Elbaz, Co-Founder of Refhuel and Associate Professor in Chemistry at Bar-Ilan University, Israel, 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 revolutionize energy storage and production. The world is looking for affordable, sustainable energy and this technology promises to help deliver this.”

Dr. Tsvika Ben Porat, CEO of BIRAD, said:

The signing of the agreement with Decama Capital subsidiary Refhuel represents the latest example of BIRAD’s work translating the exciting research at our university into a commercial opportunity.

“Professor Elbaz’s work and innovation has the potential to change the way we store energy. It’s an example of not only Bar Ilan’s excellence but Israel’s leading position as a tech nation.”

Nate Lorenzi, Co-Founder of Refhuel and CEO of Decama Capital Ltd, said:

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.”

New Greentech Start-Up, Refhuel, to Develop Reversible Fuel Cell Technology, London, February 7, 2022

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