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By Robin Whitlock on renewableenergymagazine.com

Zinc8 Energy Solutions Inc. has announced it has signed an agreement in principle with Australian Engineering firm SmartConsult in which the two companies 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. They have built this extensive network through the deployment of 128 commercial projects with a total of over 8.5 MW of installed solar capacity. The agreement also sets in motion the joint examination of microgrids and utility scale transmission & distribution opportunities in Australia.

“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 CEO of Zinc8 Energy Solutions.

In recent years, Australia and the Australian Renewable Energy Agency ‘ARENA´ 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 invested to expand the development and deployment of GHG reducing energy projects.

SmartConsult CEO Luke Hardy added that the company is excited about the prospects of collaborating with  Zinc8 in Australia, and that the company has 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. Mr Hardy said that the Zinc8 solution will be ideal for SmartConsult’s large-scale industrial customers.

SmartConsult is a leading energy management and analytical consultancy services company, focusing on reduction of energy and infrastructure costs by recommending and implementing tailored strategies for all sizes of business and government entities. The company specialises in poly-source energy systems, thermal storage and solar PV, with over 8.5 MW of solar capacity installed to-date across 128 projects.

Zinc8 is engaged in the development and commercialisation of a dependable low-cost zinc-air battery, offering both environmental and efficiency benefits in order to meet the growing need for secure and reliable power. The Zinc8 ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW with capacity of 8 hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.

Read the full article at the source: 
https://www.renewableenergymagazine.com/storage/zinc8-energy-solutions-announces-agreement-in-principle-20201023

Rockstone Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, Zinc8 Energy Solutions Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Zinc8 Energy Solutions Inc.´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through their profiles on SEDAR at www.sedar.comPlease read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. Zinc8 Energy Solutions Inc. pays Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in Zinc8 Energy Solutions Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in Zinc8 Energy Solutions Inc. 

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COMPANY INFO
Name: Zinc8 Energy Solutions Inc
Canada Symbol: ZAIR
Germany Symbol / WKN: 0E9 / A2P15E
Shares Issued & Outstanding: 90,563,457
Phone: +1 604 558 1406 (Extension 5)
Email: investors@zinc8energy.com
Web: www.zinc8energy.com
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