New Delhi [India], Hindustan Zinc Limited (HZL), has signed a memorandum of understanding (MoU) with AEsir Technologies, a US-based company to develop next-generation zinc batteries.
Under this MoU, Hindustan Zinc will be the preferred supplier of zinc, a key raw material for AEsir Technologies' next-generation batteries, HZL told the stock exchange in a statement on Friday.
According to the company, zinc-based batteries offer a compelling alternative to other modern energy storage solutions, offering higher power at lower costs with minimal maintenance and a longer lifespan of up to 20 years. This makes them ideal for large-scale energy storage in industrial environments.
The MoU is in line with the company's efforts to explore emerging applications of zinc in the clean energy transition. Zinc batteries are revolutionizing energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability and environmental friendliness.
"Zinc is critical to a low-carbon future. At Hindustan Zinc, we aim to sustainably produce metals for applications that drive the ongoing global energy transition. This partnership with AEsir Technologies is a further step in our work to "Ongoing development in the emerging clean technology space By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow." said Arun Misra, CEO of Hindustan Zinc Ltd.
They offer broader temperature tolerance and reliable backup power for extended periods (3 to 72 hours) compared to other metals. They are built with non-flammable materials, do not react to air or water and do not produce toxic fumes, ensuring greater safety.
Additionally, zinc-based batteries are recyclable, use non-hazardous raw materials, and have a greenhouse gas (GHG) footprint six times smaller than other technologies.
"Energy storage is at the forefront of all major innovations in the energy transition space. Zinc batteries are the best story around energy storage. We are achieving great innovation in this space and this collaboration with Hindustan "Zinc provides us with critical raw materials for the development of next generation nickel-zinc batteries. We are pleased to partner with Hindustan Zinc as we are also focused on the sustainability of our value chain and they are global leaders in this space," said Randy Moore, CEO and co-founder of AEsir Technologies.
The world is witnessing rapid evolution in the battery industry, driven by an essential need for sustainable energy storage solutions.
Under this MoU, Hindustan Zinc will be the preferred supplier of zinc, a key raw material for AEsir Technologies' next-generation batteries, HZL told the stock exchange in a statement on Friday.
According to the company, zinc-based batteries offer a compelling alternative to other modern energy storage solutions, offering higher power at lower costs with minimal maintenance and a longer lifespan of up to 20 years. This makes them ideal for large-scale energy storage in industrial environments.
The MoU is in line with the company's efforts to explore emerging applications of zinc in the clean energy transition. Zinc batteries are revolutionizing energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability and environmental friendliness.
"Zinc is critical to a low-carbon future. At Hindustan Zinc, we aim to sustainably produce metals for applications that drive the ongoing global energy transition. This partnership with AEsir Technologies is a further step in our work to "Ongoing development in the emerging clean technology space By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow." said Arun Misra, CEO of Hindustan Zinc Ltd.
They offer broader temperature tolerance and reliable backup power for extended periods (3 to 72 hours) compared to other metals. They are built with non-flammable materials, do not react to air or water and do not produce toxic fumes, ensuring greater safety.
Additionally, zinc-based batteries are recyclable, use non-hazardous raw materials, and have a greenhouse gas (GHG) footprint six times smaller than other technologies.
"Energy storage is at the forefront of all major innovations in the energy transition space. Zinc batteries are the best story around energy storage. We are achieving great innovation in this space and this collaboration with Hindustan "Zinc provides us with critical raw materials for the development of next generation nickel-zinc batteries. We are pleased to partner with Hindustan Zinc as we are also focused on the sustainability of our value chain and they are global leaders in this space," said Randy Moore, CEO and co-founder of AEsir Technologies.
The world is witnessing rapid evolution in the battery industry, driven by an essential need for sustainable energy storage solutions.
