The Canadian company said this comes on top of $25 million raised earlier in a Series A round.
The company said the funding will accelerate e-Zinc’s establishment of a manufacturing base that will enable commercialization of its zinc-battery LDES solution, which claims lower cost and increased safety compared to conventional batteries.
e-Zinc is partnering with Toyota Tsusho Canada and the California Energy Commission to demonstrate how its energy storage systems can reliably provide LDES at commercial scale. “By using this new investment to carry out these field demonstration projects, e-Zinc will validate that its zinc-air batteries have the capability to store 24 hours of energy,” it said.
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https://www.bestmag.co.uk/e-zinc-raises-31-million-for-pilot-manufacturing-plant/