Zinc8 In The Media

Zinc8 Energy wins project in New York, announces private placement

Zinc8 Energy wins project in New York, announces private placement

Renewables Now
January 26, 2020

Zinc-air energy storage technology firm MGX Renewables Inc is having a busy January, announcing a partnership with the New York Power Authority (NYPA) and a CAD-3-million (USD 2.3m/EUR 2m) private placement.

MGX, dba Zinc8 Energy Solutions, has been successful in the NYPA Innovation Challenge with a 100 kW/1 MWh zinc-air battery storage project. It will receive for it USD 2.55 million (EUR 2.3m) from NYPA over a period of three years. 

The behind-the-meter storage system will be installed at a demonstration site in the state of New York for an existing commercial and industrial (C&I) customer of the power authority.

“Zinc8 and NYPA see this initial collaboration and installation as a reference site for future potential installations that will further demonstrate Zinc8's technology through NYPA's wide variety of customer base in Microgrid, Commercial &Industrial and Utility markets,” Zinc8 said in a press release earlier this month.

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