The Dawn of the Utility-Scale Battery Era
Following the latest press-releases and positive media coverage on the Collaboration Agreement between Zinc8 Energy Solutions Inc. and the New York Power Authority (NYPA) to deploy a 100kW/1MWh energy storage system in New York State, I was very eager to visit the company‘s facility in Vancouver and to speak to the people behind this up-and-coming battery manufacturer.
I was quite impressed by the size of the well-equipped 2-storey facility and the confidence-radiating energy of the 20 people working there to make it happen now, first and foremost thanks to the NYPA committing a total of $2.55 million USD to support the development, fabrication and installation of an energy storage system at commercial scale. In combination with today‘s closing of a non-brokered $3 million CAD private placement financing, the company appears now, more than ever, in a strong position to advance towards commercialization as fast as possible. With utility- and grid-scale energy storage said to be a big trend of this decade, I believe Zinc8 could be right on track to enter the market with a highly sought-after product and well-connected management team to become a leading battery manufacturer.
Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development and production of resource deposits as well as marcoeconomic analysis of commodity and currency markets. Our international team of five analysts bring our German and English speaking readership a wealth of experience from the commodity markets: Stephan Bogner (mining analyst), John P. Barry (professional geologist), Chris Berry (macroeconomist), Prof. Dr. Hans Bocker (award-winning book author), and Boris Gerjovic (fundamental analyst).
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