Hindustan Zinc has said it has teamed up with US-based AEsir Technologies, Inc for development of next-generation zinc batteries.

The company has signed a memorandum of understanding (MoU) with AEsir Technologies, Inc., a company that specialises in next-generation zinc battery technologies, to be the preferred supplier of zinc, a key raw material, Hindustan Zinc Ltd (HZL) said in a statement.

The MoU is in line with the company's efforts towards exploring emerging applications of zinc in the clean energy transition, it said, adding that zinc batteries are revolutionising energy storage due to their corrosion resistance, cost-effectiveness, recyclability, stability and environmental friendliness.

"This partnership with AEsir Technologies is yet another step in our ongoing developmental work in the emerging clean technology space.
"By providing high-quality zinc for cutting-edge energy storage, we are opening sophisticated new avenues for environmentally friendly solutions for a greener tomorrow," HZL Chief Executive Officer Arun Misra said.