Published On:June 22 2024
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Hindustan Zinc Partners with US-based AEsir Technologies to Develop Zinc Batteries

India’s largest zinc producer, Hindustan Zinc Limited, signed a memorandum of understanding (MoU) on Friday with AEsir Technologies Inc., a US-based company specializing in zinc battery technologies. Under the MoU, Hindustan Zinc will supply zinc to AEsir Technologies.

Zinc-based batteries offer an alternative to other modern energy storage solutions, providing higher power at lower costs, minimal maintenance, and longer lifespans of up to 20 years, according to a press release from Hindustan Zinc.

"Zinc is integral to a low-carbon future. At Hindustan Zinc, our focus is to produce metals sustainably for applications that power the ongoing global energy transition. This partnership with AEsir Technologies is yet another step in our ongoing developmental work in the emerging clean technology space," said Arun Misra, CEO of Hindustan Zinc Limited.

The MoU aligns with Hindustan Zinc’s efforts to explore emerging applications of zinc in the clean energy transition. Zinc batteries are corrosion-resistant, cost-effective, easily recyclable, stable, and environmentally friendly. They are built with non-flammable materials, are non-reactive to air and water, and produce no toxic fumes.

"By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow," Misra added.

AEsir’s Nickel Zinc batteries are used in high-end defense sectors, renewable energy, and critical infrastructure for data centers and 5G telecom.

"Energy storage is at the forefront of every major innovation in the energy transition space. Zinc batteries are the best story around energy storage. We are achieving great innovation in this space, and this collaboration with Hindustan Zinc provides us with critical raw material for the development of next-gen Nickel Zinc batteries," said Randy Moore, CEO & Co-Founder of AEsir Technologies.

"We are pleased to partner with Hindustan Zinc as we are also focused on the sustainability of our value chain, and they are global leaders in this domain," Moore added.

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