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Aditya Birla Group’s Hindalco on Monday said that it has signed a memorandum of understanding with Israel’s metal-air battery technology pioneer Phinergy to develop and pilot the production of aluminium plates for aluminium-air batteries in India.

IOC Phinergy, a joint venture between Phinergy and Indian Oil Corporation, is also party to the agreement.

In an aluminium-air battery, energy is released when aluminium reacts with oxygen in ambient air to produce aluminium hydroxide. Due to its light weight and high energy density, such a battery becomes ideal for electric vehicles, the company said in a press statement.

These batteries can also be ‘refuelled’ quickly and thus the need for expensive nationwide charging networks is eliminated, the company said.

The aluminium hydroxide produced in the battery can be recycled to recover aluminium. Recycling of this aluminium is part of the MoU signed by the three companies.

Hindalco said that leading automobile manufacturers in India were testing the technology.

“Climate action is integral to our business and our partnership with Phinergy and IOP is a significant step towards decarbonising mobility,” Hindalco managing director Satish Pai said in a statement.

“India has an abundance of aluminium resources and this technology can help enhance the nation’s energy and resource security,” he said.

Hindalco is the world’s largest aluminium company by revenues and is also one of Asia’s largest producers of primary aluminium.