Hindustan Zinc and AEsir Technologies Partner on Zinc Batteries
Hindustan Zinc Limited has signed a memorandum of understanding with AEsir Technologies, Inc., a US-based company specializing in next-generation zinc battery technologies. Under this agreement, Hindustan Zinc will be the preferred supplier of zinc, a crucial raw material for AEsir Technologies’ advanced batteries.
Zinc-based batteries offer a compelling alternative to current energy storage solutions, providing higher power at lower costs, minimal maintenance, and lifespans of up to 20 years. These attributes make them ideal for large-scale energy storage in industrial settings. Hindustan Zinc’s partnership with AEsir aligns with its commitment to exploring new 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.
They provide reliable backup power for extended periods and are built with non-flammable materials, ensuring greater safety. AEsir’s Nickel Zinc (NiZn) batteries have demonstrated dependability in sectors such as defense, renewable energy, data centers, and 5G telecom infrastructure. Continuous improvements have resolved issues like electrolyte dry-out, dendrite growth, and zinc migration.
Arun Misra, CEO of Hindustan Zinc Limited, emphasized zinc’s integral role in a low-carbon future, stating, “Our focus is to produce metals sustainably for applications that power the ongoing global energy transition. This partnership with AEsir Technologies is a step forward in our work in the clean technology space, providing high-quality zinc for advanced energy storage solutions.”
Randy Moore, CEO & Co-Founder of AEsir Technologies, highlighted the significance of energy storage in the energy transition. “Zinc batteries are the best story around energy storage. This collaboration with Hindustan Zinc provides us with critical raw material for our Nickel Zinc batteries. We are pleased to partner with Hindustan Zinc, a global leader in sustainability,” he said.