• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 4 hours Oil prices going Up? NO!
  • 13 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 13 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 18 hours Oil prices going down
  • 21 hours Could oil demand collapse rapidly? Yup, sure could.
  • 2 days Could Venezuela become a net oil importer?
  • 11 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 2 days Oil Buyers Club
  • 18 hours Saudi Arabia turns to solar
  • 5 hours Kenya Eyes 200+ Oil Wells
  • 2 days Gazprom Exports to EU Hit Record
  • 5 hours Are Electric Vehicles Really Better For The Environment?
  • 20 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 19 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 11 hours OPEC soap opera daily update
Serving The 2 Billion Unbanked: A New Trillion Dollar Market

Serving The 2 Billion Unbanked: A New Trillion Dollar Market

Fintech, alongside blockchain, has been…

Russia Pushes Ahead With Controversial Nord Stream 2

Russia Pushes Ahead With Controversial Nord Stream 2

Russia’s controversial Nord Stream 2…

Low Key Company Ready to Release Battery Technology Set to Change the World

Zinc Air Inc. (ZAI) is a low key battery company that believes it may finally be ready to release a technology that will completely change the energy storage sector. Their zinc-iron redox flow battery technology promises to be reliable, durable, safe, and cheap to produce and maintain.

One of the company advisors, Greg Hayes, stated that they “have been able to raise a lot of capital through private, high-net-worth individuals,” which has enabled the avoidance of any marketing campaigns normally needed to attract investors. Instead ZAI has managed to stay under the radar, quietly developing its technology.

The patience has paid off and ZAI is now just six months or so from using its technology in its first commercial project. Having received all funding from individuals involved in the company, there is no debt, and this, combined with the predicted sales of $16 million in 2013, and $115 million in follow on projects, makes for a very attractive model.

Related article: Breakthrough Microbattery Charges 1,000 Times Faster than Competing Technology

Designed to be used as conventional grid storage, ZAI is hoping to market its technology to micro-grid developments, catering for projects with a capacity in the tens of megawatts.as well as the US, Germany is one of the target markets due to its relatively large volume of renewable energy generation. India is another likely destination. Solar power is now cheaper than fossil fuels in India, and this energy storage could prove vital to the government’s plans to increase solar and wind capacity.

Following the recent debacle with lithium ion batteries bursting into flame, safety is an important issue for energy storage technologies. ZAI claim that they chose to research zinc-iron redox flow technology due to its safe nature compared to other energy storage technologies. The ZAI batteries operate at room temperature, are not pressurised, and pose no risk for the release of hazardous gas or waste by-products. Then, even in the case of any natural or man-made disaster compromising the integrity of the battery, it can be de-energised in 15 seconds.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News