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TORONTO, Jan. 18, 2021 /PRNewswire/ - e-Zinc, a Toronto-based energy storage innovator, announced today it has raised $2.3 million in a closed round led by BDC Capital's Cleantech Practice.
e-Zinc has developed a breakthrough technology for grid-scale energy storage that stores energy in physically-free zinc metal. By decoupling power and energy, the company scales energy capacity at a fraction of the cost of lithium-ion batteries, enabling the technology to economically deliver energy over a period of multiple days. This low-cost, flexible, and long-duration energy storage solution will enable the world's energy markets to be fully powered by renewable energy.