Sunday, Feb 9 2025 | Time 14:03 Hrs(IST)
image
Business Economy


HZL & AEsir Technologies join hands for developing Zinc batteries

New Delhi, June 21 (UNI) Hindustan Zinc Ltd (HZL) on Friday said that it has signed an MoU (memorandum of understanding) with US-based AEsir Technologies for developing Zinc batteries.
Under the MoU, Hindustan Zinc will be the preferred supplier of zinc, a key raw material for AEsir Technologies' next-generation batteries.
"The MoU is in line with Hindustan Zinc’s efforts towards exploring emerging applications of zinc in the clean energy transition. Zinc batteries are revolutionizing energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability, and environmental friendliness," the company said in a statement.
As per the official release, AESir’s Nickel Zinc (NiZn) batteries have proven dependable and successful in the high-end defence sector (including aerospace and marine), renewable energy and critical infrastructure for data centres and 5G telecom etc.
Speaking on the occasion, Arun Misra, CEO of Hindustan Zinc said, “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.”
Adding his views, 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 materials for the development of next-gen Nickel Zinc batteries."
UNI NK ARN
More News

Amara Raja Energy & Mobilbity Q3FY25 standalone PBT raises 27 pc y-o-y to Rs 422 16 crore

08 Feb 2025 | 9:51 PM

Hyderabad, Feb 8 (UNI) Amara Raja Energy & Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, on Saturday reported a 27 per cent year-on-year increase in standalone profit before tax (after exceptional items) to Rs 422.16 crores in Q3 of FY25 as against Rs 330.72 crores in the corresponding period last year.

see more..

Priya Living launches in Hyderabad, redefining senior living with connection and purpose

08 Feb 2025 | 7:45 PM

Hyderabad, Feb 8 (UNI) Priya Living, founded by Silicon Valley entrepreneur Arun Paul, has made its debut in India, introducing a transformative vision of aging—one that embraces connection, growth, and joy instead of retreat.

see more..

DTDC enters rapid commerce space; starts 2-4 hour rapid delivery

08 Feb 2025 | 6:17 PM

New Delhi, Feb 8 (UNI) An integrated express logistics firm with domestic and international operations DTDC is making an entry into the rapid commerce space by launching 2–4 hour rapid delivery and same-day delivery services.

see more..
Gokaldas Exports net up 65 pc at Rs 50 crore in Q3

Gokaldas Exports net up 65 pc at Rs 50 crore in Q3

08 Feb 2025 | 5:29 PM

New Delhi, Feb 8 (UNI) Gokaldas Exports on Saturday reported 65 percent jump in Profit After Tax (PAT) year-on-year at Rs 50 crore during the third quarter (October-December) of 2024-25, versus Rs 30 crore in the same quarter of last financial year.

see more..
Good coordination between RBI, Govt on issues like growth, inflation: Sitharaman

Good coordination between RBI, Govt on issues like growth, inflation: Sitharaman

08 Feb 2025 | 2:31 PM

New Delhi, Feb 8 (UNI) Finance Minister Nirmala Sitharaman on Saturday said there is good coordination between the Government and the Reserve Bank of India (RBI) and no one encroaches on the other’s territory and that is always good for the economy.

see more..
image