Airengy
- Company typePublic
- Founded2012
- HeadquartersNes Ziyyona, Israel
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
Airengy firmographics
Firmographics- Name
- Airengy
- Legal name
- Airengy
- Website
- https://aug-wind.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Airengy industry classification
Industry- Product category
- Energy Storage Systems
- NAICS
- Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS OEMs (Containerized Systems, Racks, Turnkey Solutions) (EUAFAAAC), Stationary Energy Storage Systems (BESS/ESS Integrators) (IMAGAHAD), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)
Keywords
Where Airengy is headquartered
LocationHeadquarters
- HQ city
- Nes Ziyyona
- HQ country
- Israel
- HQ region
- Middle East
Offices1 record
Markets served
Airengy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Energy Storage System Development & Construction: Design, engineering, construction, and long-term operation of utility-scale energy storage projects. Revenue generated through project development fees, EPC contracts, and long-term asset ownership.
- Solar Project Portfolio: Acquisition and development of solar PV projects in Israel and Poland. Provides steady cash flow through project ownership and EPC contracting.
- Project Financing: Joint venture arrangements where institutional investors (EIB, Natixis CIB, Sunprime Holdings) provide project financing for large infrastructure assets.
Go-to-market motion1 record
Distribution channels3 records
Airengy product offering
Product offeringCore offering
Airengy designs, develops, and deploys utility-scale energy storage infrastructure using its proprietary AirBattery compressed-air energy storage (CAES) technology in salt caverns, complemented by grid-scale lithium-ion Battery Energy Storage Systems (BESS) and solar PV project development delivered through its Green-Go subsidiary. The company operates across Europe (Italy, Romania, Poland, Finland, Austria, Slovenia, Latvia) and Israel, targeting electric utilities, grid operators, and renewable energy developers with large infrastructure projects financed by institutional investors.
Product overview
Airengy (formerly Augwind) is an energy storage and renewable energy company offering a portfolio of energy storage and generation solutions. The core products include AirBattery (proprietary compressed-air energy storage technology using salt caverns), Battery Energy Storage Systems (BESS) using lithium-ion technology, Compressed Air Power Plants, and Photovoltaic projects including agrivoltaics. These products work together to provide utility-scale energy storage and renewable generation capabilities, with projects spanning Europe (Italy, Romania, Poland, Finland, Austria, Slovenia, Latvia) and Israel.
Differentiator
Problem solved
Functional benefit
Products and services
- AirBattery Compressed-Air Energy Storage Proprietary compressed-air energy storage (CAES) technology that uses underground salt caverns to store energy, operating with only water and air during compression and discharge cycles. Piloted at 10 kW and 250 kW scale in Israel and being deployed at utility scale (25 MW discharge, 5 GWh capacity). For electric utilities, grid operators, and renewable energy developers.
- Battery Energy Storage Systems (BESS) Large-scale lithium-ion battery-based energy storage solutions for grid injection, with projects reaching up to 3 GWh storage capacity and 509.25 MW discharge capacity. For electric utilities and grid operators needing utility-scale battery storage.
- Compressed Air Power Plants Utility-scale energy storage facilities using AirBattery technology in underground salt caverns, with projects targeting 25 MW discharge capacity and 5 GWh storage capacity. For utilities, grid operators, and large-scale energy storage developers.
- Photovoltaic Projects (including Agrivoltaics) Solar power generation projects developed and operated, including agrivoltaics applications combining solar energy generation with agricultural activities. Delivered via the Green-Go subsidiary, providing EPC contracting, engineering, construction, and long-term operation. For renewable energy developers and grid operators across Israel and Europe.
Quantifiable outcome
- 5 GWh storage capacity and 25 MW discharge capacity in Romania compressed-air plant
- +3 more outcomes
Companies that use Airengy
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Airengy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Airengy partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship and core.
- Hagag EuropeflagshipTel Aviv Stock Exchange-listed strategic partner jointly investing approximately €55 million to develop a 5 GWh compressed-air energy storage plant in Romania using Airengy's AirBattery technology. Two-phase development with construction expected to begin in 2027 and commercial operation in early 2028.
- Green-GocoreIsraeli developer and EPC contractor specializing in photovoltaic projects and agrivoltaics. Airengy acquiring 51% stake to add third pillar to business alongside Compressed Air Power Plants and Battery Energy Storage Systems. Deal enhances project development, engineering, construction, and long-term operation capabilities.
- Yehuda Levi GroupcoreJoint venture partner for 500MW/3GWh BESS project in Brindisi, Italy. Project requires approximately €230 million investment and about 20 months of construction. One of the largest BESS projects in Italy.
- TERNAcoreItaly's national transmission system operator that approved grid connection for Airengy's 3 GWh lithium-ion battery-based energy storage project in Brindisi region. Enables advancement to subsequent development stages including engineering design, licensing, and tender preparation.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Airengy competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Airengy social profiles
Digital presenceAirengy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Airengy leadership team
Management profileNumber of profiles
Profiles1 record
Airengy subsidiaries and ownership
Company hierarchySubsidiaries1 record
Airengy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Airengy M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Airengy
What does Airengy do?
Airengy designs, develops, and deploys utility-scale energy storage infrastructure using its proprietary AirBattery compressed-air energy storage (CAES) technology in salt caverns, complemented by grid-scale lithium-ion Battery Energy Storage Systems (BESS) and solar PV project development delivered through its Green-Go subsidiary. The company operates across Europe (Italy, Romania, Poland, Finland, Austria, Slovenia, Latvia) and Israel, targeting electric utilities, grid operators, and renewable energy developers with large infrastructure projects financed by institutional investors.
Is Airengy a public or private company?
Airengy is a public company. It is classified as public and is currently operating.
When was Airengy founded?
Airengy was founded in 2012. It employs 11 to 50 people.
Where is Airengy based?
Airengy is headquartered in Nes Ziyyona, Israel, in the Middle East region.
How does Airengy make money?
Three revenue lines are on record. Energy Storage System Development & Construction is the primary driver. The others are solar Project Portfolio and project Financing.
Does Airengy have an API?
No public API is recorded for Airengy.
What industry is Airengy in?
Airengy's product category is Energy Storage Systems. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAC, BESS OEMs (Containerized Systems, Racks, Turnkey Solutions). Its NAICS code is 22111 and its SIC code is 4991.