Zinc8 In The Media

Zinc8 Energy Solutions Update: First Private Sector Deployment

Zinc8 Energy Solutions Update: First Private Sector Deployment

Small Cap Network
March 13, 2020

While most investor attention this week was focused on the Coronavirus and plunging oil prices, small cap Zinc8 Energy Solutions (CSE:MGXR; FSE:0E9; OTCMRKTS:MGXRF) gave an important corporate update that noted the first private sector deployment agreement signed with Digital Energy Corporation to install a 100kW/1.5MWh Zinc-Air Energy Storage System (ESS) in Brooklyn with the C$2.5 million project development being financially supported by the New York State Energy Research and Development Authority (NYSERDA).

Digital Energy Corp is a New York based private sector developer of Combined Heat and Power (CHP) plants, solar systems and microgrids while NYSERDA was established in 1975 as a New York State public-benefit corporation that promotes energy efficiency and the use of renewable energy sources.

The Zinc8 Energy Storage System will support and enhance the economics of a CHP system currently operating at Brooklyn. NYSERDA is financially supporting this project deployment of CAD $2.5 Million, with a CAD $600,000 contribution as the result of a call for proposals. In addition, NYSERDA has chosen Digital Energy Corp and Zinc8 as the Energy Storage System manufacturer to demonstrate the economics and reliability of Zinc8’s patented zinc-air battery technology for low-cost long-duration storage in a behind-the-meter application.

Read The Full Story Here.