e-Zinc raises $25m for zinc-air ESS pilot scheme

e-Zinc raises $25m for zinc-air ESS pilot scheme

e-Zinc raises $25m for zinc-air ESS pilot scheme 720 420 Energy Storage Journal

April 14, 2022: Toronto-based e-Zinc has secured $25 million in a series ‘A’ financing to start pilot production of its first commercial zinc-air energy storage systems.

According to e-Zinc, the company recently validated that its zinc-air battery “can discharge energy for several days at rated power, compared to only a few hours for most other battery types”.

CEO James Larsen said: “We now have the opportunity to execute high-value commercial pilot projects that provide in-field validation for our batteries.” He said the company had refined its technology since raising seed funding in 2020.

“We have achieved many critical technical milestones, such as demonstrating how our system pairs to solar and grid generation, developing the balance of system and implementing a software and controls layer.

The latest financing round was led by Anzu Partners, with additional funding from BDC Capital, Toyota Ventures, and Eni Next. Existing investors, including Seed Round lead investor Energy Foundry, also participated.

Toyota Ventures Climate Fund partner, Lisa Coca, said e-Zinc’s battery architecture “decouples energy from power to enable cost-effective, long duration energy storage — bringing us one-step closer to a zero-carbon future”.