Haywood Capital Markets analyst Colin Healey had a closer look at Zinc8 Energy Solutions after the company provided an update regarding the relocation of its engineering teams to its newly upgraded and renovated facility in Richmond, B.C.
Zinc8 came into existence in 2019 after originally being known as MGX Renewables Inc from its initial foundation in 2011. Headquartered in Vancouver, Zinc8 is a pre-commercial stage stationary energy storage technology company that develops and commercializes zinc-air flow batteries. Its modular energy storage system is designed to deliver power in the 20kW – 50MW range, with capacities of eight hours and up.
According to Healey, the technology itself is based upon unique patented zinc-air battery technology where energy is stored in the form of zinc particles, similar in size to grains of sand, with a key advantage of the rechargeable zinc-air flow battery technology being that the system can be configured to support a wide range of long-duration applications for microgrids and utilities.