Canada-based ZincNyx Energy Solutions has signed a letter of intent to partner with New York-based Digital Energy Corporation to install a ZincNyx battery system at a demonstration site in New York City.
ZincNyx, which was acquired by lithium developer MGX Minerals last year, said the project would demonstrate its patented zinc-air flow-battery technology “in combination with an onsite co-generation plant to reduce cost and increase revenue through multiple value streams, including peak shaving, demand response and economic dispatch”.
Upon successful completion of the first project, ZincNyx and Digital— a project development and energy consulting firm— will develop additional installation sites in New York State “and work to expand distribution of the ZincNyx technology”, the companies said.
ZincNyx has said previously it intends to produce 1,000 flow battery units annually by early January 2019.
The company said its technology “consists of three main subsystems that use zinc and air to store energy in the form of zinc particles”. ZincNyx has already developed a modular energy storage system for energy storage in the 5kW to 1MW range “for extended periods of time”.