Zinc8 Energy Solutions (CSE:ZAIR) told investors it has engaged global engineering, architecture and consultancy firm Ramboll Americas Engineering Solutions Inc to investigate potential manufacturing sites in the state of New York.
Additionally, Zinc8 said it has engaged cleantech expert Robert F. Parker as an advisor to its board of directors for the New York market.
Ramboll will provide engineering consulting services in support of the evaluation of three potential sites that Zinc8 said it identified in a coordinated effort with Empire State Development. Its scope of services includes site-related information compilation, identification of permits and approvals, preliminary code review, 'red flag' analysis and recommendations, the company added.
READ: Zinc8 Energy Solutions ends 3Q with $11.6M balance sheet as it advances toward commercialization in long duration energy storage market
"The state of New York is one of the most ambitious states when it comes to the reduction of greenhouse gas (GHG) emissions as exemplified by New York City's Local Law 97," Zinc8 vice president for business development Mark Baggio said in a statement.
”Under Local Law 97, buildings with 25,000+ square feet of space will be required to meet new energy efficiency and GHG emissions starting in 2024. This represents a significant market opportunity for Zinc8's zinc-air energy storage systems,” he added.
Elaborating on Parker’s appointment as an advisor, Zinc8 noted that he has 25 years of experience in leadership, management, capital markets, and creating sustainable growth at public & private, non-profit, and government clients.
He is a director at Sif Capital Advisors and an innovation advisor to the New York State Energy Research and Development Authority (NYSERDA). Since 2005, he has focused on the ClimateTech sector, working as an entrepreneur, executive, banker, policy advisor, project developer, consultant, and investor, the company said, adding that he has advised more than 100 technology companies and helped raise nearly $500 million for start-ups and cleantech projects - with significant experience supporting cross-border expansion and renewable energy project development.
“We have built strong relationships with government agencies, incubators and private sector partners in New York,” Baggio continued. “Between these relationships and the regulatory backdrop, the need to explore potential manufacturing opportunities in the state was evident to us."
Zinc8 Energy Solutions (CSE:ZAIR) focuses on developing and commercializing its low-cost, long-duration zinc-air energy storage systems (ZESS) for utilities, microgrid, and commercial and industrial markets.
By using the patented ZESS as a standalone or enabling technology, it allows opportunities for peak demand reduction, time-of-use arbitrage, and participation in both the value stacking programs and the distributed long-duration energy storage space, all in conjunction with the opportunity for a significant reduction in carbon footprint.
The long duration (8-100+ hours) ZESS has no fire and explosion risk, has no capacity fade over an extensive lifetime, and offers complete charge operational flexibility.
Contact the author at stephen.gunnion@proactiveinvestors.com