Canadian battery developer Zinc8 Energy Solutions has announced plans to begin battery production in the United States, encouraged by manufacturing production credits under the US Inflation Reduction Act.
Zinc8 Energy Solutions has announced that its first commercial production facility will be built in Ulster County, New York. Based on a comprehensive analysis conducted by the company, the recently announced US Inflation Reduction Act (IRA) manufacturing production credits provide distinct and direct benefits to Zinc8, influencing its production plans in the States. -United.
Zinc8 Energy Solutions has developed proprietary flow battery technology which it claims is capable of delivering between 20 kW and 50 MW of power, capable of storing and discharging energy durations of 4 to 100 hours. Scalability and greater capacity are achieved with an increase in the size of storage tanks that contain zinc particles. The modular battery can be configured to support a wide range of long-lasting applications for microgrids and utilities, as well as commercial and industrial projects.
Unlike lithium-ion technology, which requires new batteries to evolve, Zinc8 claims that it has completely decoupled the link between energy and power. This means that scaling up Zinc8 technology can be accomplished by simply increasing the size of the fuel tank and the amount of zinc fuel refilled. According to the manufacturer, the technology promises zero capacity over a long life, and the batteries are non-flammable, non-toxic and durable with stable supply chains for mass production.
The company chose Ulster County in upstate New York after Senator Chuck Schumer personally called Zinc8 CEO Ron MacDonald to urge the company to expand operations in New York State. York and particularly in the county of Ulster.
The Canadian company was incentivized to move to the United States because of the advanced manufacturing tax credit included in the IRA, which provides incentives to battery manufacturers as well as essential mineral processing businesses. Each eligible battery cell will receive a $35 credit, scalable with battery capacity, with incentives to last at their initial level through 2029, before gradually transitioning from 2030 to a phase-out phase beginning in 2032.
Support of US$10 billion is also available for the construction of clean energy technology factories or for the retrofitting of existing factories with tools and production lines to manufacture clean energy equipment and components. . President Biden’s bipartisan Infrastructure Act includes $6 billion in incentives to support U.S. battery R&D and production, which strengthens the national supply chain.
“This represents direct and beneficial credit opportunities for Zinc8,” MacDonald said. “It is abundantly clear that with the introduction of the IRA, US policymakers, led by Senator Schumer, are taking real action by introducing incentives that benefit both the climate and the economy. We have received tremendous support at both the federal and state levels as we continue to analyze possible sites for our first manufacturing facility.
Zinc8 has signed a letter of intent to move into iPark87, which is the former TechCity campus being redeveloped as an EPA cleanup site. Schumer said with Zinc8 as iPark87’s anchor tenant, the Hudson Valley could see up to 500 new high-paying clean energy jobs.
“Zinc8 is the electric jolt the Hudson Valley needs and is proof that when you invest in the fight against climate change, you are investing in the creation of well-paying jobs, new economic growth and a better future. for our communities. As the EPA officially begins cleaning up this once contaminated asbestos dump, I can think of no better way to usher in a renaissance for Ulster County than by making it the foundation to strengthen the fight against change. climate change with investment in clean technology manufacturing,” Schumer said.
In January, Zinc8 announced that it would install its technology at a New York building complex in a test conducted by the New York State Energy Research and Development Agency (NYSERDA). The plan calls for the installation of a 100 kW/1.5 MWh Zinc-Air Energy Storage System (ZESS) at Fresh Meadows Community Apartments in Queens, New York to support and improve the saving of a combined heat and power (CHP) system currently under construction, as well as an existing photovoltaic system.
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