Energy Storage technologies (Batteries) provide standalone power supplies, allowing the convenience, reliability, and freedom of movement of any system; electric vehicles are a typical example. Environmental responsibility and costs suggest investments to improve features.
Two exciting companies are working on various battery solutions. ZincFive is supporting the market with nickel-zinc (NiZn) battery-based uninterruptible power supplies (UPS) for mission-critical applications in data centers and intelligent transportation and offers batteries for stationary and start-stop applications.
Zinc8 is working on a zinc-air regenerative fuel-cell system. Zinc is abundant and inexpensive. Unlike lithium-ion (Li-ion) technology, which requires new batteries for scaling, zinc batteries are able to decouple the connection between energy and power. Zinc-air batteries use oxygen from the atmosphere to extract energy from zinc, making the production of zinc-air batteries low-cost and with another degree of safety.
The development of new sources of clean energy is vital for a sustainable society. In order to support the renewable energy economy, energy storage allows energy to be captured and used at a later stage and is, in fact, a key to ensuring a carbon-neutral world.
According to analysts, the total energy storage market is expected to grow to $500 billion in annual revenue by 2035. Countries that are the main producers of raw materials needed for battery production have been severely restricted to control the spread of the virus. Zinc is abundant in North America, and its price has been very stable over the last 20 years, ensuring the spread of many battery technologies by combining other chemicals.
NiZn is one of the most recyclable battery chemistries on the market. “Unlike many other materials, both nickel and zinc can be recycled again and again while maintaining their physical and chemical properties, as there remains the same amount of each element at the end of a particular product cycle as at the beginning,” said Steve Jennings, senior vice president at ZincFive.
At the same time, the new zinc-air hybrid solutions have the potential to disrupt the entire energy storage market: They are cheaper, non-flammable, and, above all, free of rare or dangerous elements present in today’s most-used batteries (i.e., lithium or lead). “Zinc is abundant, inexpensive, and without any geopolitical complications, as we have a significant North American supply,” said Ron MacDonald, CEO at Zinc8 Energy...
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