Hindustan Zinc and AEsir Tech Team Up for Next-Gen Zinc Batteries
Hindustan Zinc Limited (HZL) has signed a memorandum of understanding (MoU) with AEsir Technologies, a US-based company, to develop next-generation zinc batteries. Under this agreement, HZL will be the preferred supplier of zinc, a crucial raw material for AEsir Technologies’ advanced batteries.
According to HZL, zinc-based batteries offer a compelling alternative to other modern energy storage solutions. They deliver higher power at lower costs, require minimal maintenance, and have longer lifespans of up to 20 years, making them ideal for large-scale industrial energy storage.
This partnership aligns with HZL’s efforts to explore emerging applications of zinc in the clean energy transition. Zinc batteries are gaining popularity due to their corrosion resistance, cost-effectiveness, recyclability, stability, and environmental friendliness.
Arun Misra, CEO of Hindustan Zinc Ltd, stated, “Zinc is integral to a low-carbon future. At Hindustan Zinc, our focus is to produce metals sustainably for applications that power the ongoing global energy transition. This partnership with AEsir Technologies is yet another step in our ongoing developmental work in the emerging clean technology space. By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow.”
Zinc batteries offer broader temperature tolerance and reliable backup power for extended periods (3-72 hours) compared to other metals. They are built with non-flammable materials, are non-reactive to air and water, and produce no toxic fumes, ensuring greater safety. Additionally, zinc-based batteries are recyclable, use non-hazardous raw materials, and have a greenhouse gas (GHG) footprint six times lower than other technologies.
Randy Moore, CEO & Co-Founder of AEsir Technologies, said, “Energy storage is at the forefront of every major innovation in the energy transition space. Zinc batteries are the best story around energy storage. We are achieving great innovation in this space and this collaboration with Hindustan Zinc provides us with critical raw material for the development of next-gen Nickel Zinc batteries. We are pleased to partner with Hindustan Zinc as we are also focused on the sustainability of our value chain, and they are global leaders in this domain.”
The world is witnessing a rapid evolution in the battery industry, driven by an essential need for sustainable energy storage solutions.
