VANCOUVER - Zinc8 Energy Solutions Inc. ('Zinc8' or the 'Company') (CSE: ZAIR) (OTC PINK: ZAIRF) (FSE: 0E9) is pleased to provide this corporate update.
Further to the private sector deployment agreement with Digital Energy Corporation announced in March 2020 to install its patented Zinc-Air Energy Storage System ('ZESS'), a host site agreement has been signed with Fresh Meadows LLC in Queens, New York, community apartments owned by Cammeby's Realty Corp.
Zinc8 Energy Solutions and partner Digital Energy Corp, a New York based private sector developer of Combined Heat and Power (CHP) plants, solar systems and microgrids, have concluded negotiations and have signed a host site agreement with Fresh Meadows Community Apartments in Queens, New York, to install a 100kW/1.5MWh ZESS for the purpose of demonstrating its long duration energy storage capability. This agreement is financially supported by The New York State Energy Research and Development Authority, known as NYSERDA with a contribution of C$575,000.
The ZESS will support and enhance the economics of a CHP system currently under construction at Fresh Meadows Apartments along with an existing solar system. NYSERDA is financially supporting this project deployment as the result of a call for proposals. In addition, NYSERDA has chosen Digital Energy Corp, and Zinc8 as the Energy Storage System manufacturer to demonstrate the economics and reliability of Zinc8's patented zinc-air battery technology for low-cost long-duration storage in a behind-the-meter application.
Fresh Meadows Community Apartments is a master planned 32-building housing development, which is owned by Cammeby Realty Corp. Cammeby Realty Corp. was founded in 1978, and currently owns and operates hundreds of facilities in the state of New York with over US $13 billion in assets under management.
'We continue to strengthen our position in the state of New York with the support of organizations like Digital Energy Corp and NYSERDA,' stated Ron MacDonald, President and CEO of Zinc8 Energy Solutions. 'The signing of this host site agreement is another important milestone for Zinc8, and we are looking forward to collaborating with Digital Energy Corp. on this exciting project owned by one of New York's most prestigious and well-known real estate management companies. This an opportunity for Zinc8 to further develop a pipeline of projects and establish a foothold in the New York City market.'
Established in 1975, NYSERDA is a New York State public-benefit corporation that promotes energy efficiency and the use of renewable energy sources. Collectively, NYSERDA's efforts aim to reduce greenhouse gas emissions, accelerate economic growth, and reduce customer energy bills. This project is focused on advancing, developing and field testing the Zinc8 storage technology that will address cost, performance, and integration challenges in New York State.
'Digital Energy and Integrated Energy Concepts are excited about working with Zinc8 Energy on the deployment of the Zinc8 Energy Storage system at Fresh Meadows Apartments. Zinc8's energy storage system offers a safe, robust and economic solution and we welcome the opportunity to showcase their systems to our customer network' said William Cristofaro, President and CEO of Digital Energy Corp.and Energy Concepts.
Under the Deployment Agreement with Digital Energy, Zinc8 and Digital will not only work together on the Fresh Meadows project but continue working to identify similar projects in the New York market.
Zinc8 Energy Solutions focuses on developing and commercializing its low-cost, long duration ZESS for utilities, microgrid, and Commercial & Industrial markets. By using the patented ZESS as a standalone or an 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 extensive lifetime, and offers complete charge operational flexibility.
About NYSERDA
NYSERDA, a public benefit corporation, offers objective information and analysis, innovative programs, technical expertise, and funding to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. NYSERDA professionals work to protect the environment and create clean-energy jobs. NYSERDA has been developing partnerships to advance innovative energy solutions in New York State since 1975.
About Digital Energy Corp
Digital Energy is a premier consulting firm specializing in the energy industry with a focus on cogeneration plant operations and financial performance. In addition, Digital personnel have experience with the NYISO, REV PSC proceedings, and Utility rate case proceedings, Digital is an authorized aggregator in the Con Edison's BQDM Demand Response Program and has experience with other utility demand response programs. Digital assist its clients in operating their cogeneration plant, analyzing utility bills, procuring energy supply, and assisting standby rate customers in receiving the Standby Reliability Credit.
Digital specializes in maximizing financial performance from your energy infrastructure assets and analyzing upgrades to energy infrastructure quite often utilizing NYSERDA/Utility programs.
About Zinc8 Energy Solutions Inc.
Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.
More about the Zinc8 Energy Storage System (ESS)
The Zinc8 ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW with capacity of 8 hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium-ion battery.
Technology
The Zinc8 ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.
Contact:
Ron MacDonald
Tel: 604.493.2004
Email: investors@zinc8energy.com
ABOUND ENERGY INC. 
