Zinc8 Energy Solutions, USA, a leader in the long-duration energy storage industry, will relocate its manufacturing facility and U.S. headquarters to the former Tech City, IBM Ulster campus in Kingston, New York. The $68 million project is expected to create up to 500 jobs over the next five years.

The company has submitted a Letter of Intent to be the anchor tenant and lease approximately 237,000-square-feet of warehouse and outdoor space at iPark 87 in Ulster County.

"The historic measures taken by New York State to reach ambitious carbon neutrality goals are driving clean energy innovation and Zinc8 is committed to being an integral part of New York's green economy,” said Ron MacDonald, President, CEO, and Director of Zinc8 Energy Solutions. “We applaud Governor Hochul's clear directive to put legislation and state resources towards resolving the climate crisis, while building investment opportunities and sustainable jobs for New Yorkers."

Empire State Development has agreed to provide up to $9 million in performance-based Excelsior Jobs Program tax credits to encourage and support the creation of 500 jobs.

"Zinc8 is fully committed to transitioning the world to more sustainable, secure and resilient energy sources and we are thrilled that New York State will play an integral role in this process,” noted Empire State Development President, CEO and Commissioner Hope Knight. “ESD is committed to expanding the State's green economy and creating good jobs for all New Yorkers and Zinc8's move to the Mid-Hudson Region is another positive step in the right direction."

Zinc8's technology has been developed around the utilization of zinc as the anode fuel, which is expected to offer advantages over other metals due to its high energy density, abundant availability, low cost, and ease of storage and handling.