Zinc8 partners with Aussie engineering firm with energy ties
Canada-based Zinc8 Energy Solutions Inc. has formed a partnership that could see its patented zinc-air energy storage system installed at renewable energy facilities in Australia, a country at the forefront of low-carbon electrical power generation.
In recent years, Australia and the Australian Renewable Energy Agency have invested A$1.58 billion (US$1.12 billion) to support 543 greenhouse gas-reducing energy projects as the country seeks to achieve more aggressive renewable energy and energy storage targets.
"Australia is one of the world´s leading countries on moving to complete elimination of greenhouse gas producing power generation, through the rapid integration of renewables and energy storage," said Zinc8 Energy Solutions President and CEO Ron Macdonald.
Large-scale renewable energy storage projects such as those being developed across Australia are ideal for the Zinc8´s three-part system that uses zinc and oxygen to store electricity from renewable power sources.
When this system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. The zinc oxide produced from this process is stored in storage tanks containing a potassium hydroxide electrolyte. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.
Zinc8, which has overcome obstacles encountered by previous attempts at this ingenious idea of using zinc and oxygen to store energy, says its batteries are capable of storing multiple days´ worth of energy, that doesn´t degrade, can´t possibly explode, and is up to five times cheaper than lithium-ion batteries.
Zinc8´s groundbreaking energy storage solution won the New York Power Authority (NYPA) Innovation Challenge, which has resulted in a contract for a large installation of this system in New York State.
To see its unique energy storage systems deployed at the growing number of renewable energy systems being developed Down Under, Zinc8 has entered into an agreement with SmartConsult, an Australia-based engineering firm with an extensive network of Aussie contacts and clients across the entire energy supply chain. This broad connection to the energy sector comes from the deployment of 128 commercial projects with a total of over 8.5 megawatts of installed solar capacity.
Read the full article at the source:
https://www.metaltechnews.com/story/2020/10/21/tech-metals/zinc-air-energy-storage-going-down-under/362.html
Rockstone Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Zinc8 Energy Solutions Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Zinc8 Energy Solutions Inc.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through their profiles on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. Zinc8 Energy Solutions Inc. pays Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in Zinc8 Energy Solutions Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in Zinc8 Energy Solutions Inc.
