Zinc8 Energy Solutions Inc. (CSE:ZAIR, OTC PINK:ZAIRF) has signed a host site agreement with Fresh Meadows LLC in Queens, NY, to deploy its Zinc-Air Energy Storage System (ZESS), financially supported by NYSERDA with a contribution of C$575,000. This project aims to enhance the economics of a combined heat and power system under construction at Fresh Meadows, demonstrating the reliability of Zinc8's technology. The installation is a crucial milestone for Zinc8, indicating its growing footprint in the New York energy market, and advancing long-duration energy storage capabilities.
Zinc8 Energy Solutions Inc. (TSXV:ZAIR, OTC PINK:ZAIRF) announced the successful outcome of its annual general and special meeting (AGSM) held on December 17, 2021. A total of 16,993,304 votes were cast, representing 11.17% of the company's shares. Key resolutions approved included setting the number of directors to five, electing directors for the coming year, appointing auditors, and approving both the stock option and long-term incentive plans. Zinc8 continues its mission to develop and commercialize low-cost zinc-air batteries to meet the growing need for reliable power.
Zinc8 Energy Solutions Inc. (CSE:ZAIR, OTC:ZAIRF) has engaged Ramboll Americas Engineering Solutions to explore potential manufacturing sites in New York. This initiative aligns with New York's ambitious greenhouse gas reduction goals under Local Law 97, which mandates energy efficiency measures for large buildings by 2024. Additionally, Robert F. Parker has been appointed as an advisor to the Board, bringing extensive experience in ClimateTech. Zinc8 focuses on its zinc-air energy storage system for utilities, microgrids, and commercial markets, aiming to capitalize on sustainable energy opportunities.
Zinc8 Energy Solutions has appointed Tom Hodgson to its Board of Directors, effective immediately. Hodgson brings over 30 years of experience in international capital markets and the renewable energy sector. Previously, he served as CEO of Lithium Americas Corp., where he played a pivotal role in its growth and capitalization. According to President and CEO Ron MacDonald, Hodgson's expertise will be invaluable as Zinc8 seeks to commercialize its innovative zinc-air energy storage technology. The company aims to address the growing demand for long-duration energy storage solutions.
Zinc8 Energy Solutions reported its second-quarter financial results for 2021, ending June 30 with a working capital of $13.5 million. The company is advancing towards commercial production of its Zinc-Air System technology, with a planned deployment at the University of Buffalo and a $200,000 contract for a data center demonstration. The firm recently expanded its engineering team and moved to a new facility in Richmond, B.C., to enhance product testing capabilities and support initial production scheduled for the fourth quarter of 2022.
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Zinc8 Energy Solutions Inc. announces a trading symbol change for its common shares on the OTC Markets. Effective June 28, 2021, shares will trade under the new symbol ZAIRF, aligning with its name change from 2020. The decision aims to reflect growing interest from U.S. investors, as Zinc8 continues to focus on developing its low-cost zinc-air battery technology. The company also trades on the Canadian Securities Exchange under ZAIR and on the Frankfurt Stock Exchange under 0E9.