Mitsubishi Heavy Industries, Ltd. (MHI) has announced an investment in e-Zinc, Inc., a Toronto-based startup specializing in long-duration energy storage technology. The investment, made through Mitsubishi Heavy Industries America, Inc. (MHIA), is part of a consortium that includes Evok Innovations, Toyota Ventures, Eni Next, and others.
e-Zinc is at the forefront of developing zinc-air batteries, which promise long-term power supply at a low cost. These batteries offer significant advantages over conventional lithium batteries, including reduced self-discharge, less degradation from repeated use, higher safety, and easier reuse. Additionally, zinc-air batteries feature higher energy density compared to lead-acid batteries.
The investment aims to accelerate e-Zinc’s development of a demonstration project and establish a manufacturing base for commercializing this innovative energy storage solution. MHI’s involvement is expected to enhance and diversify its solutions portfolio, offering customers alternative decarbonization technologies to achieve net zero goals.
