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Nov. 18, 2021, 3:05 a.m. EST

Zinc8 Energy Solutions Announces the Appointment of Thomas Hodgson to Its Board of Directors

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November 18, 2021 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / ACCESSWIRE / November 18, 2021 / Zinc8 Energy Solutions Inc. ("Zinc8" or the "Company") /zigman2/quotes/213294482/delayed CA:ZAIR -3.57% (otc pink:ZAIRF) /zigman2/quotes/213567312/delayed DE:0E9 -1.66% is pleased to announce it has named Tom Hodgson to its Board of Directors effective immediately.

Mr. Hodgson is a senior corporate executive with an impressive track record in international capital markets and mergers and acquisitions in Canada, the US, and the U.K. He brings to Zinc8 over 30 years of senior management experience with a significant knowledge of strategy, capital markets, and the renewable energy sector.

Mr. Hodgson is Chairman of Greenbrook Capital Partners Inc., a strategic advisory firm focused on investing in promising early-stage companies primarily involved in clean energy and technology. He has held senior management positions with, and served on the boards of, several public companies listed in Canada, the US, and the UK. In the financial sector, Mr. Hodgson has held senior positions including President and CEO of Central Guaranty Trust, Executive Vice-President of The Canada Permanent Mortgage Corporation and Vice-President of Policy and Planning at Canadian Imperial Bank of Commerce.

Most recently, Mr. Hodgson was the Chief Executive Officer and Director of Lithium Americas Corp. /zigman2/quotes/202884031/delayed CA:LAC -1.15% , a leading development-stage lithium producer, until his retirement in May of 2019. He served as the Executive Chairman of LAC from 2012 through 2015, and was then named as Chief Executive Officer following the merger of Lithium Americas and Western Lithium Corp. He was instrumental in building Lithium Americas into a leading emerging lithium producer with two world class assets in Argentina and Nevada, negotiating joint venture agreements with strategic investors, raising capital to fund development, and leading the up-listing of the company onto the New York Stock Exchange.

"Tom's wealth of experience in clean energy and technology is a tremendous asset to the Board of Directors of Zinc8," said Ron MacDonald, President and CEO. "His years building a lithium-mining company to provide green energy storage provided him with a deep understanding of the energy storage market, and his history of providing strategic management and financial advice to early-stage growth companies will be invaluable as we move towards full commercialization of the Zinc8'S unique energy storage technology."

Zinc8 Energy Solutions focuses on developing and commercializing its low-cost, long duration ZESS for utilities, microgrid, and Commercial & Industrial markets. By using the patented ZESS as a standalone or an enabling technology, it allows opportunities for peak demand reduction, time-of-use arbitrage, and participation in both the value stacking programs and the distributed long-duration energy storage space, all in conjunction with the opportunity for a significant reduction in carbon footprint. The long duration (8-100+ hours) ZESS has no fire and explosion risk, has no capacity fade over extensive lifetime, and offers complete charge operational flexibility.

About Zinc8 Energy Solutions Inc.

Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power. To learn more about Zinc8's technology, please visit: https://zinc8energy.com

More about the Zinc8 Energy Storage System (ESS)

Image: https://www.accesswire.com/users/newswire/images/669023/image-1.png

The Zinc8 ESS is a modular Energy Storage System designed to deliver power in the range 20kW - 50MW with capacity of 8 hours of storage duration or higher. With the advantage of rechargeable zinc-air flow battery technology, the system can be configured to support a wide range of long-duration applications for microgrids and utilities. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium-ion battery.

Technology

The Zinc8 ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.

Applications

The flexibility of the Zinc8 ESS enables it to service a wide range of applications. Typical examples include:

Smoothing energy derived from renewable sources such as wind and solarCommercial/Industrial backup replacing diesel generatorsIndustrial and grid scale, on-demand power for peak shaving and standby reservesGrid-scale services such as alleviating grid congestion, deferring transmission/distribution upgrades, energy trading and arbitrage, and increasing renewable energy penetration.

Architecture

The Zinc8 ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:

/zigman2/quotes/213294482/delayed
CA : Canadian Securities Exchange
$ 0.27
-0.01 -3.57%
Volume: 84,561
Jan. 17, 2022 3:31p
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$42.61 million
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/zigman2/quotes/213567312/delayed
DE : Germany: Frankfurt
0.19
-0.0032 -1.66%
Volume: 250.00
Jan. 17, 2022 8:11a
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/zigman2/quotes/202884031/delayed
CA : Canada: Toronto
$ 37.78
-0.44 -1.15%
Volume: 300,695
Jan. 17, 2022 4:00p
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Market Cap
$4.59 billion
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