Hindustan Zinc ties up with IIT Madras to develop advanced zinc-air battery tech
The collaboration aims to develop a 1 kWh electrically-rechargeable zinc-air battery prototype, Hindustan Zinc said in a statement.
Vedanta group firm Hindustan Zinc Ltd on Wednesday said that it has partnered with IIT Madras to develop advanced zinc-air battery technology.
Zinc-air batteries offer a cost-effective, rechargeable and durable alternative to expensive and imported lithium-ion batteries.
The collaboration aims to develop a 1 kWh electrically-rechargeable zinc-air battery prototype, Hindustan Zinc said in a statement.
"This partnership marks a significant step forward in the evolution of zinc-based battery technologies, leveraging zinc's abundant resource availability, cost-effectiveness and established safety record," the statement said.
While lithium-ion batteries currently dominate the market, their high cost, limited resource availability and safety concerns present major challenges that zinc-based alternatives can effectively address.
"Our partnership with IIT Madras will advance research on zinc-air battery technology, that will redefine the future of energy storage. By exploring new applications of zinc in energy storage, we are committed to contributing to a greener and more sustainable future for the generations to come," Hindustan Zinc Ltd CEO Arun Misra said.
Zinc-air batteries are emerging as a viable alternative, known for their long-duration storage capabilities, durability and potential to be a more affordable alternative to lithium-ion batteries. Compared to lithium, which is over four times more expensive, zinc offers a more affordable solution with superior performance attributes.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
07:48 AM IST