The Canadian company has been approved for a grant from Empire State Development of up to $9 million as an incentive to establish its first US-based production facility in New York State.
Zinc8 Energy Solutions has been approved for a grant from Empire State Development of up to $9 million as an incentive for the company to establish its first US-based production facility in New York State.
The Excelsior Jobs Program provides job creation and investment incentives to firms in targeted industries such as biotechnology, pharmaceutical, high-tech, clean technology, green technology, financial services, agriculture and manufacturing. Firms in these industries that create and maintain new jobs or make significant financial investments are eligible to apply for up to five tax credits.
Back in September 2022, the CEO announced that Zinc8 would be setting up its first manufacturing operations in the US, a direct result of the Federal Government’s passage of the Inflation Reduction Act which provides refundable tax credits for Zinc8’s production of its zinc-air energy storage systems.Zinc8 proposes a battery or modular storage system designed to deliver power in the range of 20kW – 50MW with a capacity of eight hours of storage duration or higher.
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