SUBSCRIBE
PROFILE

e-Zinc secures $31 million for its storage solutions

e-Zinc obtains USD 31 million to finalize its pilot plant and launch commercial long-term energy storage projects.

Share:

e-Zinc sécurise $31 millions pour ses solutions de stockage.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Toronto-based e-Zinc has raised USD 31 million in a Series A2 financing round, led by Evok Innovations and backed by Mitsubishi Heavy Industries, Export Development Canada (EDC) and Ultratech Capital Partners. Existing investors, including Toyota Ventures, Eni Next, Anzu Partners, BDC and Graphite Ventures, also participated.

Financing objectives

This financing will enable e-Zinc to finalize its 42,000 sq. ft. pilot facility in Mississauga, Ontario, and launch commercial pilot projects. The company is focusing on the development and marketing of its zinc-air batteries, known for their lower cost and greater safety than conventional solutions. This project is part of Ontario’s strategy to invest in low-carbon generation.

Strategic partnerships

e-Zinc collaborates with Toyota Tsusho Canada Inc. and the California Energy Commission to validate its commercial-scale storage systems. These projects will demonstrate the ability of zinc-air batteries to deliver reliable energy over extended periods, some 10 times longer than conventional batteries.

Competitive advantages

With this financing, e-Zinc aims to move into a production phase and focus on operational excellence. Pilot demonstrations and validation of manufacturing processes will prove the competitive advantages of this energy storage technology. Jane Kearns, Partner at Evok Innovations, points out that e-Zinc’s ability to extend durations at low cost sets it apart from its competitors, making it an attractive solution for a variety of applications.

Expansion of the management team

To support this growth phase, e-Zinc has strengthened its management team with industry experts: Rhonda Landers (CFO), Zakiul Kabir (CTO), Rob Howard (COO) and Balakrishnan Iyer (Sales Director). Their experience is crucial to developing and scaling company operations.

Market outlook

The investment in e-Zinc reflects the growing interest in low-cost, long-term energy storage solutions. This financing positions the company to play a key role in the sector, offering competitive and reliable storage solutions.

  • Popular on energynews.pro
Vaalco launches drilling of ET-15 well offshore Gabon to support growth
TechnipFMC secures strategic contract for Captain field in the North Sea
Fossil fuel divisions block adoption of major UN report
EDF power solutions joins a 1.1GW solar and storage project in Egypt
Citgo shifts under Elliott control for $5.9bn pending U.S. approval
Amazon injects over $80mn into Blue Current to accelerate stationary storage and electric mobility
Blue Current secures over $80mn in funding led by Amazon to industrialise its silicon solid-state batteries for large-scale mobility and stationary applications.
AGL begins construction of 2 GWh Tomago battery in $530 mn project
AGL has begun construction of a 500 MW battery storage system in Tomago, a project valued at AUD800mn ($530.8mn), in the Hunter region, with commissioning expected in 2027.
JALCO Holdings invests in 2 MW BESS project in Japan with Taoke Energy
Real estate group JALCO Holdings diversifies its activities by investing in a 2 MW/8.1 MWh battery energy storage system developed by Taoke Energy in Narita, Chiba Prefecture.
BKW prepares four battery projects to invest in storage in Switzerland
BKW is conducting feasibility studies on four sites to assess the profitability and development conditions for large-scale battery storage installations in Switzerland.
China launches first phase of 300 MW storage station
A 300 MW/1,200 MWh electrochemical energy storage facility has been commissioned in China, marking a major milestone in the country’s largest publicly funded energy infrastructure project.
Sustainable Holdings launches 2MW storage project in Mie for 2026
Sustainable Holdings is developing a battery storage facility in Matsusaka, with operations scheduled to begin in June 2026 on Japan’s electricity market.
Energy Toolbase and BPi install smart storage system at Korbel Winery
California-based Korbel Winery is now equipped with an integrated energy storage and intelligent control system, installed by Energy Toolbase and BPi, to optimise usage and address local grid constraints.
BrightNight and Cordelio finalise $400mn financing for Greenwater project
The 200 MW Greenwater battery storage project enters execution phase following a $400mn bank financing, marking a strategic milestone in the Pacific Northwest’s energy infrastructure development.
Indonesia, Viet Nam and the Philippines integrate storage to secure solar PPAs
Solar with batteries becomes a bankability lever in three key ASEAN markets, where the focus shifts from cost reduction to the monetisation of energy flexibility.
RWE confirms £200mn battery storage project at Pembroke site
Energy group RWE launches construction of its largest UK storage system, with 700 MWh capacity, at its Pembroke power station in Wales.
Australia launches federal tender for 4 GW of electricity storage
The Australian government opens Tender 8 to secure 16 GWh of storage, for the first time including aggregated portfolios of 5 to 30 MW within the National Electricity Market.
European Energy invests in the largest battery system in the Nordic countries
With a strategic investment in a 200 MWh facility, European Energy strengthens its industrial position in Denmark and energises the Nordic battery storage market.
Grenergy multiplies its net profit by seven and surpasses €700mn in CAPEX
The Spanish renewable energy producer significantly increased its investments and revenue while achieving more than half of its asset rotation target for the 2025–2027 period.
EVE Energy signs agreement to deploy 1.48 GWh of storage in Northern Europe
Chinese manufacturer EVE Energy has signed a three-year memorandum of understanding with Sweden’s Vimab BESS AB to supply batteries and energy storage solutions in Northern Europe.
Huawei receives top appraisal for its BESS safety assessment system
Huawei's full-lifecycle battery safety rating system has been officially validated by a national technical committee, marking a key milestone for large-scale energy storage deployment.
InCommodities signs 15-year storage deal with AMPYR in Australia
AMPYR Australia and InCommodities have signed a 15-year partnership for the Bulabul BESS project, marking the Danish trader’s first long-term commitment in the Australian energy storage market.
Tokyo Gas and Okaya launch 75 MWh BESS project in Hokkaido
Tokyo Gas and Okaya & Co. will begin construction in December 2025 of a 25 MW/75 MWh battery energy storage system in Hokkaido, with commercial operations expected in 2028 or later.
CETY secures $10mn battery storage project in New York
US-based CETY has been awarded a $10mn contract to build a battery energy storage system in New York State, marking the first in a series of planned installations across the region.
Engie secures 280 MW battery storage contract in India for 2027
French energy group Engie wins its second-largest global battery storage project with a capacity of 280 MW, awarded by a state-owned company in Gujarat, India.
Nostromo and Olivine integrate thermal storage system into California’s energy market
Nostromo’s IceBrick system becomes the first behind-the-meter thermal storage device to participate in California’s wholesale energy market, in partnership with Olivine, marking a milestone for commercial buildings.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.