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1 Redefining long-duration storage. 10/Mar/2020 Corporate Presentation 92-0008.5-V31

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Page 1: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

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Redefining long-duration storage.

10/Mar/2020

Corporate Presentation

92-0008.5-V31

Page 2: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

This presentation contains forward-looking information that involves various risks and uncertainties regarding future events. Suchforward-looking information can include without limitation statements based on current expectations involving a number of risksand uncertainties and are not guarantees of future performance of the Company, such as final development of a commercialproduct(s), successful trial or pilot of company technologies, no assurance that commercial sales of any kind actually materialize;no assurance the Company will have sufficient funds to complete product development. There are numerous risks anduncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed inthe forward-looking information, including: (i) adverse market conditions; (ii) risks regarding protection of proprietary technology;(iii) the ability of the Company to complete financings; (v) the ability of the Company to develop and market its future product;and (vi) risks regarding government regulation, managing and maintaining growth, the effect of adverse publicity, litigation,competition and other factors which may be identified from time to time in the Company's public announcements and filings.There is no assurance that the DTCR business will provide any benefit to the Company, and no assurance that any proposed newproducts will be built or proceed. There is no assurance that existing “patent pending” technologies licensed by the Company willreceive patent status by regulatory authorities. The Company is not currently selling commercial Energy Storage systems. Actualresults and future events could differ materially from those anticipated in such information. These and all subsequent written andoral forward-looking information are based on estimates and opinions of management on the dates they are made and areexpressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update theseforward-looking statements.

Forward-looking statement

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Page 3: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Disruptive technologies are emerging in the power sector

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Page 4: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

What is a Battery?

A device capable of storing electrical energy in the form of

chemical energy and convert that energy into electricity.

Batteries

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Why are batteries needed?

Without batteries, solar panels and wind turbines become

useless when the sun doesn’t shine, and the wind doesn’t

blow. Batteries allow to use electricity whenever needed,

not only when it is generated.

Page 5: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

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$72M CADsince 2002

20 US patents+ 4 pending

Extensive networkof partners

Experienced management team & BoD

+280,000 man-hoursin R&D

Zinc8 Energy Solutions at a glance

Page 6: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

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Introduction to Zinc8 Energy’s technology

The Zinc-Air Flow Battery from Zinc8 Energy Solutions is an energy storage solution designed to serve a wide range of long-duration applications for microgrids and utilities.

Our patented design and robust chemistry makes our system the most cost-effective, safest, and most flexible long-duration storage solution. The RFC system has a modular architecture that can be sized from 20 kW to the order of megawatts.

Page 7: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

3. Whenever power is needed, the zinc particles are delivered to the Power Stack,recombining them with oxygen to generate electricity. The zinc oxide (ZnO) by-product isreturned to the storage tank for later regeneration.

1. Power from the grid or renewable source is used to generate zinc particles in the ZincRegenerator. Oxygen is released to the atmosphere as a by-product.

2. The zinc particles are flowed to the Storage Tank and maintained in potassium hydroxide(KOH) electrolyte until required.

How it works

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320 U.S. patents issued and 4 more pending

Certifications in process: UL1 973, UL 9540, UL 9540A, NFPA 855, EN-61000 series

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Page 8: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Durable. Zero capacity fade over extensive lifetime

Robust. Full discharge cycles. Same performance.

Low cost. The longer the duration requirements, the lower the cost per kWh

Safe. Non-flammable and non-toxic

Sustainable growth. Stable supply chains for mass manufacturing

Technology advantages

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The how behind the lowest cost for long-duration storage

Page 9: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Cost of raw materials for different battery chemistries

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1. Abundant Low-Cost Electrolyte

References:[1] Tyson, Madeline, Charlie Bloch. Breakthrough Batteries: Powering the Era of Clean Electrification. Rocky Mountain Institute, 2019.

Vanadium Redox

Page 10: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

2. Energy-Power Decoupling

Lithium-ion

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4-hour system 24-hour system 4-hour system

Fuel tank size + electrolyte New Li-ion stacks

24-hour system

To increase the storage duration:

Page 11: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Comparison of different technologies for a 100-kilowatt battery system

References:[1] Development of the all‐vanadium redox flow battery for energy storage: a review of technological, financial and policy aspects. G. Kear, A.A. Shah, F.C. Walsh. University of Southampton, UK. April, 2011.

[2] Technical Overview Document: Duration Addition to Electricity Storage (DAYS). Advanced Research Projects Agency – Energy (ARPA-E). US Department of Energy. May,2018.

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Capital Cost per installed kWh

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

0 5 10 15 20 25 30 35 40 45 50

$/k

Wh

Storage Duration (hours)

Li-ion

Vanadium Redox

We strategically have chosen to target the 8-hour-plus market

$250/kWh

$135/kWh

8 hours

20 hours30 hours

$110/kWh

40 hours

$95/kWh

By decoupling the linkage between

power and energy, and using low-cost,

abundant materials, our system is

capable of reducing its capital cost

dramatically for longer-duration

applications.

Page 12: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Improved OperationsHelp optimize operations of diesel or natural gas gensets, reducing wear-and-tear and operating costs.

Peak ManagementReduce grid capacity needs during peak periods.

Load ShiftingBuy and store electricity at off-peak price to sell at peak price.

Curtailment avoidanceAvoid output curtailment at peak generation times and prevent loss of energy production.

Non-Spinning ReserveProvide fast ramp-rate to meet grid requirement for online dispatch within a short delay of operating reserve.

Back-UpMaintain grid resilience in the event of an outage.

Renewable Energy DispatchControl renewable energy generation according to market needs or at request of power grid operators.

Increase Penetration of RenewablesStore renewable energy production for peak and base load consumption.

Generation Distribution Transmission Microgrid

Solutions

Utilities

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✓ ✓

✓ ✓

Page 13: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

Battery duration portfolio

100% Renewables 50-75% Renewables

New York (2040) Oregon (2045)

California (2045) New Jersey (2030)

Hawaii (2045) Maryland (2030)

Washington (2045) Vermont (2032)

Maine (2050)

New Mexico (2045)

Colorado (2050)

Washington DC (2032)

States commitments in the US

CONCLUSION: The market needs affordable long-duration batteries!

References:[1] Tyson, Madeline, Charlie Bloch. Breakthrough Batteries: Powering the Era of Clean Electrification. Rocky Mountain Institute, 2019.

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Why is long-duration so important?

Page 14: Corporate Presentation - Zinc8 Energy SolutionsCorporate Presentation 92-0008.5-V31 This presentation contains forward-looking information that involves various risks and uncertainties

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Contact Information:

Ron MacDonaldCEO

[email protected]

Mark BaggioBusiness [email protected]

zinc8energy.com

Thank you

92-0008.5-V31