The New York Power Authority (NYPA) will collaborate with Zinc8 Energy Solutions (CSE: MGXR; FSE: 0E9) on a NYPA Innovation Challenge award winning project where the former will contribute a total of $2.55 million to the project which uses the latter’s innovative and low-cost zinc-air battery technology.
The New York Power Authority (NYPA), the largest state public power organization in the USA, will collaborate with Zinc8 Energy Solutions (CSE: MGXR; FSE: 0E9) in a joint development project to help advance New York State Governor Andrew Cuomo's Green New Deal by achieving the aggressive energy storage goal of 3GW by 2030 and by supporting a commitment of 100% electricity from emission-free sources by 2040. Specifically, this collaboration will start with the installation of a 100kW/1MWh Zinc-Air Battery Energy Storage System.
This project, selected as a winner through the NYPA Innovation Challenge, will have the ability to provide back-up power, help to level grid demand and move the state further toward a carbon-free electric grid supported by renewable energy resources. In addition, NYPA selected Zinc8 Energy Solutions' Zinc-Air Battery technology to help demonstrate energy storage and demand management that can help build longer duration flexibility (8 hours plus) into the grid and optimize the role these resources play.