VANCOUVER, BC / November 18, 2021 / Zinc8 Energy Solutions Inc. (“Zinc8“or the”Society“) (CSE: ZAIR) (OTC ROSE: ZAIRF) (FSE: 0E9) is pleased to announce that it has appointed Tom Hodgson to its Board of Directors with immediate effect.
Mr. Hodgson is a senior corporate executive with impressive experience in international financial markets and mergers and acquisitions in Canada, the United States and the United Kingdom. , and the renewable energy sector.
Mr. Hodgson is Chairman of the Board of Greenbrook Capital Partners Inc., a strategic advisory firm focused on investing in promising start-ups primarily involved in clean energy and technology. He has held senior management positions and served on the boards of several publicly listed companies in Canada, the United States and the United Kingdom. In the financial industry, Mr. Hodgson has held senior positions including President and CEO of Central Guaranty Trust, Executive Vice President of the Permanent Canada Mortgage Corporation and Vice President of Policy and Planning at the Canadian Imperial Bank of Commerce.
Most recently, Mr. Hodgson was CEO and director of Lithium Americas Corp. (TSX: LAC), a major lithium producer in the development stage, until his retirement in May 2019. He was Executive Chairman of LAC from 2012. until 2015, and was subsequently appointed President and CEO general following the merger of Lithium Americas and Western Lithium Corp. strategic investors, raising capital to finance development and leading the company’s listing on the New York Stock Exchange.
“Tom’s extensive experience in clean energy and technology is a tremendous asset to the Zinc8 board of directors,” said Ron MacDonald, President and CEO. “His years of building a lithium mining company to provide green energy storage have given him an in-depth understanding of the energy storage market, and his history of providing strategic management and financial advice to companies in an early stage of growth will be invaluable as we move towards full commercialization of Zinc8’s unique energy storage technology. “
Zinc8 energy solutions focuses on the development and commercialization of its low-cost, long-lasting ZESS for the utility, micro-grid, commercial and industrial markets. Using the patented ZESS as a stand-alone or enabling technology, it provides opportunities for peak demand reduction, uptime arbitrage, and participation in both value accumulation programs and long-lasting distributed energy storage space, all in conjunction with the opportunity for a significant reduction in the carbon footprint. The long life (8-100+ hours) ZESS has no fire and explosion hazard, has no loss of capacity over a long lifetime, and provides full charge operational flexibility.
About Zinc8 Energy Solutions Inc.
Zinc8 has assembled an experienced team to execute the development and commercialization of a reliable and low cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for safe and reliable power. To learn more about Zinc8 technology, please visit: https://zinc8energy.com
Learn more about the Zinc8 Energy Storage System (ESS)
The Zinc8 ESS is a modular energy storage system designed to provide power from 20kW to 50MW with a capacity of 8 hours of storage or more. With the benefit of zinc-air rechargeable battery technology, the system can be configured to support a wide range of long-lasting applications for micro-grids and utilities. Since the energy storage capacity of the system is only determined by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power-to-energy ratio of the lithium-ion battery.
The Zinc8 ESS is based on a unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system provides energy, the zinc particles are combined with oxygen drawn from the surrounding air. When the system recharges, the zinc particles are regenerated and the oxygen is returned to the ambient air.
The flexibility of Zinc8 ESS allows it to serve a wide range of applications. Typical examples include:
Smoothing of energy derived from renewable sources such as wind and solar
Commercial / industrial backup replacing diesel generators
Industrial scale and network, power on demand for peak peaking and emergency reserves
Grid-wide services such as reducing grid congestion, deferring transmission / distribution upgrades, energy trading and arbitrage, and increasing renewable energy penetration.
The Zinc8 ESS is designed on a modular architecture that allows a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single piece of technology:
Zinc Regeneration Subsystem (ZRS) performs the recharge function
The fuel storage subsystem (FSS) performs the energy storage function
The power generation subsystem (PGS) performs the discharge function
Notice Regarding Forward-Looking Statements
All statements and disclosures, other than those of historical fact, that deal with activities, events, results, results or developments that Zinc8 Storage anticipates or expects to occur or will occur at the future (in whole or in part) should be regarded as forward-looking statements. .
The forward-looking statements contained in this press release include that we may execute the development and commercialization of a reliable and low cost zinc-air battery; that our mass storage system offers both environmental and efficiency benefits; and that we can help meet the need for safe and reliable energy. Zinc8 Energy Solutions believes that the important factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that such factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this press release are not guarantees of future performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including, without limitation: are unable to raise funds as planned; that our technology is not working as expected or not working at all; that our technology is proving too expensive to implement on a large scale; that customers do not adapt our products because they are too complex, expensive, or do not match their current products or plans; our competitors may offer better or cheaper solutions for battery storage; general economic, market and business conditions; increased costs and expenses; inability to retain qualified employees; our patents may not provide the protection expected and we may infringe the patents of others; completion of our planned private placement or are unable to raise all of the funds we seek to raise; and certain other risks detailed from time to time in Zinc8 Energy Solution’s public information documents, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the above list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this press release are made as of the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events. or otherwise, unless required. by applicable securities laws.
Neither the CSE nor any market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For more information please contact:
Encourage capital markets
Kristian Schneck / Eric Negraeff
Zinc8 Energy Solutions Inc.
Phone. : 604.493.2004
Zimtu Capital Corp. published this content on November 18, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 18, 2021 06:52:00 PM UTC.