By Sophie Vorrath on

The Canadian company behind a zinc-air flow battery energy storage solution targeting both off-grid and on-grid network solutions has signed an agreement to explore opportunities for the technology in Australia.

The battery company, called Zinc8 Energy Solutions, said on Monday it had entered an in-principle agreement with Queensland-based engineering firm SmartConsult to explore joint-venture projects in Australia.

The companies said the agreement would focus on deploying Zinc8’s zinc-air energy storage systems at aquatic centres, remote mines and behind-the-meter applications using SmartConsult’s industry knowledge and contacts.

The agreement would also kick off a joint examination of potential opportunities for the battery technology in microgrids and utility-scale transmission and distribution projects, a statement said.

Zinc8’s modular system currently offers energy storage anywhere between 20kW and 50MW with a minimum of 8 hours of storage duration or higher – which is presumably where the “8” part of the company’s name comes from.

According to the website, the patented technology works by storing energy in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles combine with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the air.

Since the energy storage capacity of the system is determined by the size of the zinc storage tank, it’s billed as a very cost-effective and scalable alternative to the fixed power/energy ratio of the lithium ion battery. In fact Zinc8 claims an installation cost in the ball-park of $45/kWh, with a lifespan of about 25 years...

Read the full article at the source: 

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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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)

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