and strategic direction, shedding light on how it’s prepared to revolutionize the energy sector. Larsen explains that e-Zinc’s proprietary zinc-based energy storage solution is focused on long-duration applications. Unlike traditional lithium-ion batteries, which can only discharge energy for a few hours, e-Zinc’s technology can sustain energy discharge for hours and even multiple days at rated power. This capability is crucial for enabling a renewable energy future as more renewable sources are added to the grid and fossil fuel assets are phased out. The importance of long-duration storage in stabilizing the grid cannot be overstated. Larsen says, “As markets increase their renewable energy penetration to 60-70%, utilities will require longduration storage solutions.” While California leads with about 50% penetration, other markets like Ontario are still below 10%. This highlights the varying timelines for grid-scale adoption of longduration storage across different regions. TARGET MARKETS AND APPLICATIONS e-Zinc’s go-to-market strategy prioritizes immediate applications where long-duration storage is essential. Larsen identifies two primary markets: resilience applications and remote or off-grid applications. Resilience applications focus on providing backup power behind the meter, replacing diesel generators with e-Zinc’s clean, cost-effective technology. This is particularly beneficial for customer sites relying on diesel for backup power, offering a cleaner alternative and reducing costs. For off-grid applications, e-Zinc targets remote mining operations, island nations, and remote communities that heavily depend on fossil fuels. Larsen explains that replacing these fossil fuel assets with renewables combined with e-Zinc’s technology presents a significant opportunity to reduce environmental impact and costs. FEASIBILITY OF MANDATED ELECTRIFICATION Discussing the feasibility of mandated electrification, Larsen provides a sobering perspective.“The goal set at COP last year was to triple the world’s renewable 3 BUSINESS VIEW MAGAZINE VOLUME 11, ISSUE 09 E-ZINC
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