24/7 Market News Snapshot 07 May, 2025 – PainReform Ltd. Ordinary Shares (NASDAQ:PRFX)
DENVER, Colo., 07 May, 2025 (www.247marketnews.com) – (Nasdaq:PRFX) are discussed in this article.
PainReform Ltd. has recently made headlines with a strategic partnership that merges biotechnology and renewable energy efforts. The company is collaborating with Econergy Renewable Energy Ltd. to launch an innovative pilot program leveraging PainReform’s DeepSolar™ platform. This initiative aims to enhance efficiency and maximize energy yield at Econergy’s 92-megawatt photovoltaic plant, one of the largest solar facilities currently operational.
This partnership will enable the application of DeepSolar™ technology, which utilizes both real-time and historical data to identify and rectify inefficiencies, thereby providing valuable insights to improve energy production and reduce operational costs. Dr. Ehud Geller, CEO of PainReform, expressed his eagerness about the collaboration, emphasizing the shared vision of innovation and sustainability between the two companies. He noted that the pilot is a significant milestone in demonstrating the effectiveness of their technology in real-world settings.
As the pilot progresses, both companies foresee the potential to expand the DeepSolar™ platform across additional sites within Econergy’s portfolio, targeting up to 1 Gigawatt of renewable energy capacity. This forthcoming deployment could further illustrate the viability of integrating advanced AI technologies within the renewable energy sector.
Alongside this strategic initiative, PainReform has garnered strong investor interest in its stock (Nasdaq:PRFX), which recently opened at $2.20 and surged by 54.56% to approximately $3.35. This increase occurred amid a trading volume of over 1 million shares, indicating robust market enthusiasm largely driven by the company’s promising prospects in both biotechnology and clean energy solutions. This dual focus positions PainReform as a forward-thinking entity poised for significant growth across cutting-edge industries.