ZBB Energy Corporation (NYSE AMEX: ZBB) announced that it has applied for $47 million of cost share financial assistance under the American Recovery and Reinvestment Act to go towards a total investment of $94 million into zinc bromide battery production facilities.
The company said proceeds would be invested into a production-ready existing plant and a proposed new facility $40,866,995 and into ZBB’s strategic partners’ existing operations, Soft Switching Technologies, Inc. and Colonial Chemical Company.
ZBB’s CEO Rob Parry stated, "ZBB’s Advanced Flow Battery Facility currently manufactures zinc bromide batteries; primarily for the Transmission and Distribution utilities markets and the Renewable power industry."
ZBB’s Chairman, Mr. Bill Mundell said, "ZBB’s current production capacity is approximately 20 megawatt hours (MWh)/year. We propose to increase production capacity to 300MWh/year, or fifteen times the size of our existing operation. Such production volumes would create the capacity, on an aggregate yearly basis, to enable the recharge of approximately 187,750 PHEVs per day, based on a minimum 4 kWh capacity of a plug-in electric drive vehicle."
ZBB proposes to attain the 300 MWh/year production through the expansion of its existing 75,000 ft2 plant and the addition of a 363,000 ft2 new fully automated manufacturing plant. ZBB estimates over five hundred (500) green jobs will be leveraged by the proposed activities at ZBB and at its strategic partners, as well as numerous construction jobs and related opportunities.
ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.
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