Zinc8 Energy Solutions Inc. Announces Signing of Host Site Agreement with Partner Digital Energy & Fresh Meadows Community Apartments in Queens, New York
~Installation of zinc-air energy storage system financially supported by NYSERDA~VANCOUVER, BC / ACCESSWIRE / January 18, 2022 / Zinc8 Energy Solutions Inc. ("Zinc8" or the "Company") (CSE:ZAIR)(OTC PINK:ZAIRF)(FSE:0E9) is pleased to provide this …
~Installation of zinc-air energy storage system financially supported by NYSERDA~
VANCOUVER, BC / ACCESSWIRE / January 18, 2022 / Zinc8 Energy Solutions Inc. ("Zinc8" or the "Company") (CSE:ZAIR)(OTC PINK:ZAIRF)(FSE:0E9) is pleased to provide this corporate update.
- Further to the private sector deployment agreement with Digital Energy Corporation announced in March 2020 to install its patented Zinc-Air Energy Storage System ("ZESS"), a host site agreement has been signed with Fresh Meadows LLC in Queens, New York, community apartments owned by Cammeby's Realty Corp.
Zinc8 Energy Solutions and partner Digital Energy Corp, a New York based private sector developer of Combined Heat and Power (CHP) plants, solar systems and microgrids, have concluded negotiations and have signed a host site agreement with Fresh Meadows Community Apartments in Queens, New York, to install a 100kW/1.5MWh ZESS for the purpose of demonstrating its long duration energy storage capability. This agreement is financially supported by The New York State Energy Research and Development Authority, known as NYSERDA with a contribution of C$575,000.
The ZESS will support and enhance the economics of a CHP system currently under construction at Fresh Meadows Apartments along with an existing solar system. NYSERDA is financially supporting this project deployment as the result of a call for proposals. In addition, NYSERDA has chosen Digital Energy Corp, and Zinc8 as the Energy Storage System manufacturer to demonstrate the economics and reliability of Zinc8's patented zinc-air battery technology for low-cost long-duration storage in a behind-the-meter application.
Fresh Meadows Community Apartments is a master planned 32-building housing development, which is owned by Cammeby Realty Corp. Cammeby Realty Corp. was founded in 1978, and currently owns and operates hundreds of facilities in the state of New York with over US $13 billion in assets under management.
"We continue to strengthen our position in the state of New York with the support of organizations like Digital Energy Corp and NYSERDA," stated Ron MacDonald, President and CEO of Zinc8 Energy Solutions. "The signing of this host site agreement is another important milestone for Zinc8, and we are looking forward to collaborating with Digital Energy Corp. on this exciting project owned by one of New York's most prestigious and well-known real estate management companies. This an opportunity for Zinc8 to further develop a pipeline of projects and establish a foothold in the New York City market."
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