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Zimtu Capital : Zinc8 Energy Solutions Wins Energy Tech Innovator Award at WE3 Summit
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Zinc8 Energy Solutions Wins Energy Tech Innovator Award at WE3 Summit
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Zinc8 Energy Solutions First Quarter 2021 Financial Results
ACCESSWIRE
VANCOUVER, BC / ACCESSWIRE /
Zinc8 or the
Company ) (TSXV:ZAIR)(OTC PINK:MGXRF)(FSE:0E9) today filed its financial results for the first quarter ending March 31, 2021. For further information on these results, please see Zinc8 Energy Solutions Inc. Condensed Consolidated Financial Statements and Management Discussion and Analysis as filed on SEDAR.
First Quarter Highlights Include:
Ended the quarter ending March 31, 2021 with a working capital balance of over $15.5 million.
In February, closed a private placement offering of 28,750,000 common shares at a price of $0.54 per share for gross proceeds of $15,525,000.
Subsequent to March 31, 2021:
This energy storage facility under construction in southeast England uses lithium-ion batteries. CHRIS RATCLIFFE/BLOOMBERG/GETTY IMAGES
Zinc-based cells promise to be cheaper and safer for grid storage
May. 27, 2021 , 10:30 AM
If necessity is the mother of invention, potential profit has to be the father. Both incentives are driving an effort to transform zinc batteries from small, throwaway cells often used in hearing aids into rechargeable behemoths that could be attached to the power grid, storing solar or wind power for nighttime or when the wind is calm. With startups proliferating and lab studies coming thick and fast, “Zinc batteries are a very hot field,” says Chunsheng Wang, a battery expert at the University of Maryland, College Park.
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