What is your current view of the energy storage market globally and what the drivers of growth in this market?
We are seeing an accelerating growth of renewables worldwide to solve our climate crisis problem. Robust and economic energy storage is the solution for solving the intermittency of wind and solar energy resources, as well as increasing the efficiency of transmission and distribution on the grid. Up until now, we have used existing short-duration technologies, such as lithium-ion and costly investments in gas peaking plants to try and balance the grid. However, with the rapid movement away from GHG producing power generation and the move towards electrification of the world’s billions of vehicles, there is a need for new, innovative and cost- effective 8+ hrs. long-duration energy storage. We at Zinc8 Energy Solutions believe we are that technology.
Tell us about Zinc8 Energy Solutions and its Zinc-Air Battery Technology
Zinc8 Energy Solutions represents a team of engineers who have put a decade of work in developing the battery of the future. Simply put, it took a lot of time, focus, dedication and innovation to get to where we are today, with one of the lowest cost long-duration energy storage technologies in the market. After many iterations to our energy storage system, we have developed a battery that uses abundant and affordable materials, which provides flexibility, scalability and a stable materials supply chain. Our battery’s architecture provides the same long-duration characteristics of redox flow batteries, but at a fraction of the cost.