New York Power Authority's (NYPA) Innovation Challenge Winner Zinc8 Energy Solutions to receive a project contribution of $2.55 million from NYPA to deploy first use of zinc-air energy storage system in New York state.
Zinc8 Energy Solutions has announced a cooperation agreement with NYPA (The New York Power Authority) for the installation of a 100kW/1MWh zinc-air battery energy storage system in New York State.
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NYPA will collaborate with Zinc8 Energy Solutions, a developer and manufacturer of long-duration, low-cost zinc-air energy storage solutions in a joint development project to help advance New York State Governor Andrew Cuomo's Green New Deal by achieving the aggressive energy storage goal of 3GW by 2030 and by supporting a nation-leading commitment of 100% electricity from emission-free sources by 2040.
Gil C. Quiniones, NYPA president and CEO, said, "NYPA is pleased to be working with Zinc8 on an innovative technology that can help achieve the state's targets for energy storage. This partnership will showcase a low-cost, long-duration solution that addresses the unpredictability of renewable energy resources such as wind and solar and offers environmental and efficiency benefits."
Under the Cooperative Agreement between NYPA and Zinc8, NYPA will contribute a total of $2.55 million to the project over a 3-year period. The 100kW/1MWh behind-the-meter energy storage system will be installed at a demonstration site in New York State (NYS) for an existing commercial and industrial (C&I) customer of NYPA.
Zinc8 Energy Solutions President and CEO Ron MacDonald said "This collaboration with the New York Power Authority is a milestone in Zinc8 Energy Solutions' path to full commercialization and underscores the growing demand for low-cost reliable long-duration energy storage. This unique opportunity with NYPA not only helps Zinc8 contribute to the rapid advancement of clean energy in New York State, but also opens the door for Zinc8 to deploy its technology into the broader utility market."
Zinc8 Energy Solutions developed a patented zinc-air energy storage system that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low-cost mass storage of energy and can be deployed into a wide range of scalable energy storage applications.
The project, selected as a winner through the NYPA Innovation Challenge, will have the ability to provide back-up power, help to level grid demand and move the state further toward a carbon-free electric grid supported by renewable energy resources. In addition, NYPA selected Zinc8 Energy Solutions' Zinc-Air Battery technology to help demonstrate energy storage and demand management that can help build longer duration flexibility (8 hours plus) into the grid and optimize the role these resources play.
NYPA and Zinc8 are currently considering several potential sites in NYS for the demonstration of the Zinc-air Energy Storage System to help benefit New York State's efforts to achieve carbon neutrality and advance the State's move to a clean energy future. Zinc8 and NYPA see this initial collaboration and installation as a reference site for future potential installations that will further demonstrate Zinc8's technology through NYPA's wide variety of customer base in Microgrid, Commercial &Industrial and Utility markets.
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