Hindustan Zinc Limited, a leading zinc and silver producer, has announced plans to explore the use of zinc in batteries. This move supports the global shift to clean energy and new technologies. Zinc-based batteries are seen as a safer and more cost-effective alternative to lithium-ion batteries. Zinc is more abundant in India than lithium, which has to be imported.
CEO Arun Misra said the company aims to support the global energy transition with sustainable energy sources. They plan to partner with US-based Aesir Tech, which specializes in zinc battery technology, and to collaborate with Indian academic institutions for research.
According to a Bloomberg NEF report, the global energy storage market is expected to grow significantly, reaching 442 GWh by 2030. Hindustan Zinc wants to contribute to this growth using its zinc reserves and expertise.
Different types of zinc-based batteries include zinc-manganese, zinc-ion, nickel-zinc, and zinc-air. These batteries are said to offer benefits like flexibility, long life, high energy density, and wide temperature range. Hindustan Zinc highlights the environmental benefits of zinc-based batteries. They are recyclable, use non-hazardous materials, and have a lower greenhouse gas footprint compared to other technologies.
The company sees itself as a key player in the transition to sustainable energy, aiming to be an important part of the zinc-based battery technology value chain. This initiative is part of Hindustan Zinc’s strategy to support clean technologies and meet the growing demand for alternative energy solutions.
