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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 75,711,374
Close 2020-09-18 C$ 0.255
Recent Sedar Documents

Zinc8 Energy, Vijai to look into zinc-air JV

2020-09-21 07:24 ET - News Release

An anonymous director reports

ZINC8 ENERGY SOLUTIONS ANNOUNCES SIGNING OF AGREEMENT IN PRINCIPLE WITH VIJAI ELECTRICALS

Zinc8 Energy Solutions Inc. has signed an agreement in principle with Vijai Electricals Ltd. from Hyderabad, India. The parties have agreed to explore joint venture projects concerning the deployment of Zinc8's patented zinc-air energy storage system. Additionally, they have agreed to explore the potential of manufacturing components of the zinc-air energy storage system in India. Vijai, with close to 50 years of industry experience, has established global partners and an extensive distribution network in over 40 countries, as well as an established customer base, which is being examined as a potential pipeline of projects for the Zinc8 system.

Vijai is a proven high-quality technology and manufacturing company that has successfully partnered with globally branded companies to deliver top-notch products to its customers. "I have been impressed by Vijai's 47-year track record in distributed energy and manufacturing, its commitment to quality, and its trusted partners in India and over 40 other countries. This agreement is an important step as Zinc8 enters the global long duration energy storage market," said Ron MacDonald, president and chief executive officer of Zinc8 Energy Storage.

"Vijai is happy to work with Zinc8, a pioneer in cost-effective battery energy storage system (BESS) for longer durations. With Vijai's extensive manufacturing strength and the advantage of India's educated and relatively inexpensive work force, we are confident that this solution will go a long way to serve the needs of long duration BESS. For countries like India which need round the clock renewable energy systems, it is expected that Zinc8 BESS would fill the need in an effective way. Vijai, with its past experience of successfully serving export utility markets around the world, will be proud to work towards fulfilling this need," said Dasari Jai Ramesh, chairman of Vijai Electricals.

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.

More about the Zinc8 energy storage system (ESS)

The Zinc8 ESS is a modular energy storage system designed to deliver power in the range of 20 kilowatts to 50 megawatts with capacity of eight hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.

Technology

The Zinc8 ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.

Applications

The flexibility of the Zinc8 ESS enables it to service a wide range of applications. Typical examples include:

  • Smoothing energy derived from renewable sources such as wind and solar;
  • Commercial/industrial backup replacing diesel generators;
  • Industrial and grid scale, on-demand power for peak shaving and standby reserves;
  • Grid-scale services such as alleviating grid congestion, deferring transmission/distribution upgrades, energy trading and arbitrage, and increasing renewable energy penetration.

Architecture

The Zinc8 ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:

  • The zinc regeneration subsystem (ZRS) provides the recharging function.
  • The fuel storage subsystem (FSS) provides the energy storage function.
  • The power generation subsystem (PGS) provides the discharging function.

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