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Augwind Names Oren Helman as New Board Member

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Augwind Energy Tech Storage has appointed Oren Helman to its Board of Directors. Helman brings extensive experience in energy, renewable energy, and electricity sectors, having previously served as Senior Vice President at the Israel Electric and Acting Chairman of the Israel National Coal Company. His expertise spans business development, investor relations, customer service, regulation, and strategic innovation. The appointment aligns with Augwind's focus on advancing sustainable energy solutions and expanding technological capabilities in long-duration energy storage and compressed air systems.

Augwind Energy Tech Storage ha nominato Oren Helman nel suo Consiglio di Amministrazione. Helman porta con sé un'ampia esperienza nei settori dell'energia, delle energie rinnovabili e dell'elettricità, avendo precedentemente ricoperto il ruolo di Vicepresidente Senior presso l'Israel Electric e di Presidente ad interim della Israel National Coal Company. La sua competenza abbraccia lo sviluppo commerciale, le relazioni con gli investitori, il servizio clienti, la regolamentazione e l'innovazione strategica. La nomina è in linea con l'impegno di Augwind nel promuovere soluzioni energetiche sostenibili e nell'espandere le capacità tecnologiche nel campo dell'energia a lungo termine e dei sistemi di aria compressa.

Augwind Energy Tech Storage ha nombrado a Oren Helman en su Junta Directiva. Helman aporta una amplia experiencia en los sectores de energía, energías renovables y electricidad, habiendo sido anteriormente Vicepresidente Senior en Israel Electric y Presidente interino de la Israel National Coal Company. Su experiencia abarca el desarrollo de negocios, relaciones con inversores, atención al cliente, regulación e innovación estratégica. La designación está alineada con el enfoque de Augwind en avanzar soluciones energéticas sostenibles y expandir capacidades tecnológicas en almacenamiento de energía a largo plazo y sistemas de aire comprimido.

Augwind Energy Tech StorageOren Helman을 이사회에 임명했습니다. 헬만은 이스라엘 전기회사에서 수석 부사장으로 재직하고 이스라엘 국가 석탄회사의 임시 의장을 역임한 경험을 바탕으로 에너지, 재생 에너지 및 전력 부문에서 광범위한 경험을 제공합니다. 그의 전문 분야는 사업 개발, 투자자 관계, 고객 서비스, 규제 및 전략적 혁신을 포괄합니다. 이번 임명은 Augwind가 지속 가능한 에너지 솔루션을 발전시키고 장기 에너지 저장 및 압축 공기 시스템에서 기술적 능력을 확장하려는 목표와 일치합니다.

Augwind Energy Tech Storage a nommé Oren Helman à son Conseil d'Administration. Helman apporte une vaste expérience dans les secteurs de l'énergie, des énergies renouvelables et de l'électricité, ayant précédemment été Vice-Président Senior chez Israel Electric et Président par intérim de la Israel National Coal Company. Son expertise couvre le développement commercial, les relations avec les investisseurs, le service à la clientèle, la réglementation et l'innovation stratégique. Cette nomination s'aligne sur l'engagement d'Augwind à promouvoir des solutions énergétiques durables et à étendre ses capacités technologiques dans le stockage d'énergie de longue durée et les systèmes d'air comprimé.

Augwind Energy Tech Storage hat Oren Helman in seinen Aufsichtsrat berufen. Helman bringt umfangreiche Erfahrung in den Bereichen Energie, erneuerbare Energien und Elektrizität mit, nachdem er zuvor als Senior Vice President bei Israel Electric und kommissarischer Vorsitzender der Israel National Coal Company tätig war. Sein Fachwissen umfasst Geschäftsentwicklung, Investorenbeziehungen, Kundenservice, Regulierung und strategische Innovation. Die Ernennung steht im Einklang mit Augwinds Fokus auf die Förderung nachhaltiger Energiesolutions und die Erweiterung technologischer Kapazitäten im Bereich der Energiespeicherung über längere Zeiträume und Druckluftsysteme.

Positive
  • Strategic appointment of board member with extensive energy sector experience
  • Addition of expertise in regulation and business development from Israel Electric
  • Enhanced leadership capability in ESG practices and sustainable energy
Negative
  • None.

YAKUM, Israel, Nov. 21, 2024 /PRNewswire/ -- Augwind Energy Tech Storage ("Augwind") (TASE: AUGN), an energy technology company specializing in long-duration energy storage and compressed air systems, is pleased to announce the appointment of Oren Helman to its Board of Directors. Mr. Helman brings extensive expertise in the energy, renewable energy and electricity sectors, with a proven track record in business development, investor relations, customer service, regulation and strategic innovation.

The appointment of Mr. Helman underscores Augwind's commitment to enhancing its leadership team with professionals who are dedicated to driving innovation and advancing the field of sustainable energy. His expertise will be invaluable as the company continues to expand its technological capabilities and pursue new business opportunities.

Mr. Helman spent years in senior management roles, including his most recent position as Senior Vice President of Supply segment Customer Service, Marketing, and Regulation at the Israel Electric Corporation (IEC). His experience leading major divisions, overseeing large budgets and driving customer-centric innovation makes him an outstanding addition to Augwind's board. In addition, Mr. Helman has a deep understanding of ESG practices, which aligns closely with Augwind's mission to contribute to a sustainable energy future.

He also served as Acting Chairman of the Board of Directors of the Israel National Coal Company.

Mr. Helman expressed his excitement about joining Augwind, stating, "I am thrilled to join a technology-driven company with a promising future that operates in areas closely connected to my professional focus: energy, operational continuity and reduction of CO2 emissions. The future of the world is energy, given its critical importance and in light of the transition to renewable sources - long duration energy storage is essential for achieving decarbonized grids."

Dr. Or Yogev, Founder and CEO at Augwind, added "We are delighted to announce the appointment of Mr. Helman to our board of directors. His extensive expertise and proven leadership in the power industry is a key to our progress with our strategic initiatives and technologies".

About Augwind

Founded in Israel in 2012, Augwind is an energy technology company aiming to decarbonize electrical grids through its innovative AirBattery technology. Specializing in air compression, storage and controlled expansion, the company has developed a novel grid-scale energy storage asset that can discharge at full capacity for weeks at a time, novel industrial water compressor and an energy efficiency system.

In addition, it is developing a hydrogen-storage technology alongside its legacy AirSmart business of optimizing industrial compressed air systems.

Augwind shares are traded on the Tel Aviv Stock Exchange under the ticker TASE:AUGN, and are included in the following indices: TA BlueTech Global, TA Technology, TA-Energy Utilities, TA-Cleantech, TA-Growth, TA-All-Share.

About AirBattery 
AirBattery is an innovative energy storage technology that utilizes underground salt caverns to store compressed air, employing hydraulic pumps and turbines to efficiently circulate water in closed-loops between compression and expansion chambers, creating a highly efficient, near-isothermal charging and discharging process. This approach allows us to take advantage of the significantly low incremental cost of storage, measured on a $/kWh basis, made possible by the use of geological caverns.

Benefiting of the isothermal process, AirBattery does not require any type of thermal compensation and is designed to address energy storage and dispatch durations of days, weeks, and possibly months at a time. AirBattery pushes the envelope of long-duration energy storage providing a reliable, sustainable and cost-effective energy asset with the capacity to enable total renewable integration.

About Long-Duration Energy Storage (LDES)
The global shift to renewable energy presents an inherent challenge. The intermittent nature of these sources when applied commercially at a growing rate exposes grid operators to prolonged periods of undersupply. Long duration energy storage will enable total renewable integration by compensating for periods of underproduction by renewable energy sources. LDES refers to a wide range of applications and durations, typically from 8 hours and above. As renewable energy penetration rates approach 80%, the need for stored energy to support durations of dozens and even hundreds of hours will become critical. Augwind operates at the forefront of LDES technological landscape, well in sync with the EU and US roadmap for the transition to renewable energy sources.

Contact: info@aug-wind.com

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SOURCE Augwind

FAQ

Who is the new board member appointed to Augwind (ITGMF) in November 2024?

Oren Helman was appointed as the new board member of Augwind in November 2024.

What was Oren Helman's previous role before joining Augwind (ITGMF)?

Helman previously served as Senior Vice President of Supply segment Customer Service, Marketing, and Regulation at the Israel Electric (IEC) and Acting Chairman of the Israel National Coal Company.

What are the key areas of expertise that Oren Helman brings to Augwind (ITGMF)?

Helman brings expertise in energy, renewable energy, electricity sectors, business development, investor relations, customer service, regulation, strategic innovation, and ESG practices.

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