Tuesday, Jul 23 2024 | Time 11:08 Hrs(IST)
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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."
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