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Zinc8 Energy Solutions Inc
Symbol ZAIR
Shares Issued 75,711,374
Close 2020-10-16 C$ 0.255
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Zinc8 signs agreement in principle with SmartConsult

2020-10-19 06:27 ET - News Release

Mr. Ron Macdonald reports

ZINC8 ENERGY SOLUTIONS ANNOUNCES AGREEMENT IN PRINCIPLE WITH AUSTRALIAN RENEWABLE ENERGY PROJECT DEVELOPERS SMARTCONSULT

Zinc8 Energy Solutions Inc. has signed an agreement in principle with Australian engineering firm SmartConsult (the Wyer Company Pty. Ltd., trading as SmartConsult). The parties have agreed to explore joint venture projects concerning the deployment of Zinc8's patented zinc-air energy storage system.

The agreement focuses on deploying Zinc8's zinc-air energy storage system at aquatic centres, remote mines and behind-the-meter applications using SmartConsult's extensive knowledge, contacts in and relations with a broad range of energy users, energy systems suppliers throughout Australia and a pipeline of customers. It has built this extensive network through the deployment of 128 commercial projects with a total of over 8.5 megawatts of installed solar capacity. As well, the agreement begins the joint examination of microgrids and utility-scale transmission and distribution opportunities in Australia.

"Australia is one of the world's leading countries on moving to complete elimination of greenhouse gas (GHG) producing power generation, through the rapid integration of renewables and energy storage. SmartConsult, as an Australian industry leader in renewable energy projects, is the ideal company to work with to deploy Zinc8's long-duration storage system to this rapidly developing market," said Ron Macdonald, president and chief executive officer of Zinc8 Energy Solutions.

In recent years, Australia and the Australian Renewable Energy Agency have been setting more aggressive renewable energy and energy storage targets with significant funding support for 543 projects to date and a total of $1.58-billion (Australian) invested to expand the development and deployment of GHG reducing energy projects.

SmartConsult chief executive officer Luke Hardy said: "We are very excited to collaborate with Zinc8 in Australia; we have been looking for a battery solution that does not have the inherent issues that surround existing battery types with uncertain cycle life and limited longevity. The Zinc8 solution will be ideal for our large-scale industrial customers."

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.

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