- Zinc-air flow battery company Zinc8 Energy Solutions has won US$9 million in state tax credits for its new manufacturing facility in Ulster County, New York.
- It will be Zinc8’s first full-scale commercial manufacturing facility.
Zinc-air flow battery company Zinc8 Energy Solutions has won US$9 million in state tax credits for its new manufacturing facility in Ulster County, New York. The Vancouver-based company has been approved for a grant from Empire State Development, New York state’s development authority, in performance-based tax credits as part of the Excelsior Jobs Program.
The incentives are being offered to the company for locating its first commercial manufacturing facility in New York, which will manufacture long-duration energy storage systems (ESS). The company’s technology generates zinc particles using outside energy, stores them in potassium hydroxide electrolyte and combines them with oxygen to generate electricity before returning the byproduct (ZnO) through the system. The new plant will be located in the iPark 87 business park, which used to house a facility belonging to the multinational technology firm IBM. Zinc8 will invest US$68 million in the site over five years and use it as its US head office.
It will be Zinc8’s first full-scale commercial manufacturing facility. Zinc8 CEO Rob MacDonald said: “The historic measures taken by New York State to reach ambitious carbon neutrality goals are driving clean energy innovation, and Zinc8 is committed to being an integral part of New York’s green economy.”