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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 149,934,610
Close 2021-12-16 C$ 0.245
Recent Sedar Documents

Zinc8 hires Ramboll to find New York State plant site

2021-12-17 07:22 ET - News Release

Mr. Mark Baggio reports

ZINC8 ENERGY ENGAGES CONSULTING FIRM IN EFFORT TO ADVANCE INITIATIVES IN NEW YORK STATE

Zinc8 Energy Solutions Inc. has engaged Ramboll Americas Engineering Solutions Inc. to investigate potential manufacturing sites in the state of New York. Additionally, Zinc8 has engaged Robert F. Parker as an adviser to the board of directors for the New York market.

Ramboll will provide engineering consulting services in support of the evaluation of three potential sites in the state of New York, which were identified through the co-ordinated efforts of Zinc8 and Empire State Development (ESD). Based on specific project requirements outlined by Zinc8, Ramboll's scope of services includes site-related information compilation, identification of permits and approvals, preliminary code review, red flag analysis and recommendations.

"The state of New York is one of the most ambitious states when it comes to the reduction of greenhouse gas (GHG) emissions as exemplified by New York City's Local Law 97," stated Mark Baggio, vice-president, business development, for Zinc8 Energy Solutions. "Under Local Law 97, buildings with 25,000-plus square feet of space will be required to meet new energy efficiency and GHG emissions starting in 2024. This represents a significant market opportunity for Zinc8's zinc-air energy storage systems. We have built strong relationships with government agencies, incubators and private sector partners in New York. Between these relationships and the regulatory backdrop, the need to explore potential manufacturing opportunities in the state was evident to us."

Mr. Parker has 25 years of experience in leadership, management, capital markets and creating sustainable growth at public and private, non-profit, and government clients. Mr. Parker is a director at Sif Capital Advisors and an innovation adviser to Nyserda. Since 2005, he has focused on the climatetech sector, working as an entrepreneur, executive, banker, policy adviser, project developer, consultant and investor. Mr. Parker's climatetech sector experience spans: solar/photovoltaic; energy storage/battery; carbontech; smart grid, monitoring and energy efficiency; waste energy; heat to power; thermal efficiency; geothermal; thermal efficiency; agtech and foodtech; smart water; policy, energy insurance and risk products; and smart water. Mr. Parker has advised more than 100 technology companies and helped raise nearly $500-million for start-ups and cleantech projects -- with significant experience supporting cross-border expansion and renewable energy project development.

Zinc8 Energy Solutions focuses on developing and commercializing its low-cost, long-duration ZESS for utilities, microgrid, and commercial and industrial markets. By using the patented ZESS as a stand-alone or an enabling technology, it allows opportunities for peak demand reduction, time-of-use arbitrage, and participation in both the value stacking programs and the distributed long-duration energy storage space, all in conjunction with the opportunity for a significant reduction in carbon footprint. The long duration (eight to 100-plus hours) ZESS has no fire and explosion risk, has no capacity fade over extensive lifetime, and offers complete charge operational flexibility.

About Zinc8 Energy Solutions Inc.

Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.

We seek Safe Harbor.

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