There's a new battery in town and it is a game-changer. The novel battery is cheaper, safer, and significantly longer-lasting than lithium-ion batteries, reports Recharge.
The zinc-air hybrid flow battery is developed by a Canadian company called Zinc8. Zinc8 claims that the storage capacity of its system is adaptable, which is just one area in which it performs better than lithium-ion batteries.
Its capacity can be made bigger by increasing the size of the storage tank and the volume of the electrolyte it contains. This allows Zinc8 to offer some significant savings in terms of cost.
An eight-hour Zinc8 storage costs about $250/kWh and falls to $100/kWh for a 32-hour system and $60/kWh for 100 hours. Meanwhile, lithium-ion batteries cost about $300/kWh for any duration over eight hours.