Energy Vault to Help Korea Zinc Subsidiary Produce Green Zinc

• Energy Vault is partnering with Korea Zinc, a company associated with non-ferrous metal smelting production, such as that of zinc, lead, silver as well as rare metal indium, for renewable resource storage.
• Through this collaboration, Korea Zinc intends to decarbonize its refining and smelting procedures, focused initially under its wholly-owned subsidiary Sun Metals Corporation. The companies anticipate to begin project release in mid-2022.

Energy Vault is partnering with Korea Zinc, a business involved in non-ferrous metal smelting manufacturing, such as that of zinc, lead, silver and rare-earth element indium, for renewable energy storage.

Via this partnership, Korea Zinc aims to decarbonize its refining and smelting procedures, focused originally under its wholly-owned subsidiary Sun Metals Corporation. The companies expect to start project implementation in mid-2022.

Australia-based Sun Metals is targeting to become one of the initial zinc refineries to produce "Green" Zinc on behalf of their broader strategy to change to 100% sustainable power by 2040, with an interim target of 80% eco-friendly by 2030.

" As the second biggest consumer of electrical energy in Queensland, Sun Metals has a solid concentrate on being both environmentally accountable and the most affordable zinc refinery in the world," stated Kiwon Park, Chief Executive Officer of Sun Metals.

Korea Zinc lately revealed Ark Energy Corporation, one more wholly-owned Australian subsidiary, will certainly acquire a 100% passion in utility-scale wind and solar power programmer Epuron in Australia.

" Energy Vault's cutting-edge storage technology and also energy management software application platform can play a key role in enabling and also accelerating our decarbonization strategy as we enhance our capacity to power our procedures with renewable resource," claimed Yun B. Choi, Vice Chairman of Korea Zinc.

Energy Vault creates sustainable energy storage and management remedies developed to improve utility-scale energy storage for grid resiliency. The company's exclusive gravity-based Energy Storage Technology and also the Energy Storage Management and Integration Platform are intended to help energies, independent power manufacturers and large industrial energy users substantially lower their levelised expense of energy while maintaining power reliability.

" We are proud to partner with Korea Zinc and also Sun Metals to extensively support their clean energy transition within their refining operations," stated Robert Piconi, CEO as well as Co-Founder, Energy Vault. "Korea Zinc has shown significant worldwide leadership as a firm in setting hostile decarbonization targets and afterwards spending considerable resources to make lasting, decarbonized energy a fact for their procedures, and that certainly is the case below with their investment in Energy Vault."