Joint Venture21 Jun 2024, 04:24 pm
Hindustan Zinc & US-based AEsir Technologies Collaborate for Zinc Battery Development
AI Summary
Hindustan Zinc Limited, India's largest and the world's second-largest zinc producer, has signed an MoU with AEsir Technologies, Inc., a US-based company specializing in next-generation zinc battery technologies. Under this MoU, Hindustan Zinc will be the preferred supplier of zinc for AEsir Technologies' next-generation batteries. Zinc-based batteries provide higher power at lower costs with minimal maintenance and longer lifespans of up to 20 years, making them ideal for large-scale energy storage in industrial settings. This partnership aligns with Hindustan Zinc’s efforts towards exploring emerging applications of zinc in the clean energy transition.
Key Highlights
- Hindustan Zinc has signed an MoU with AEsir Technologies for developing Zinc batteries.
- Hindustan Zinc will be the preferred supplier of zinc, a key raw material for AEsir Technologies' next-generation batteries.
- Zinc-based batteries provide higher power at lower costs with minimal maintenance and longer lifespans of up to 20 years.
- This partnership aligns with Hindustan Zinc’s efforts towards exploring emerging applications of zinc in the clean energy transition.
- Zinc batteries are corrosion-resistant, cost-effective, recyclable, stable, and environmentally friendly.