ZEN Energy Systems, an Australian solar and energy storage company, has been awarded a S$200,000 grant by the South Australian Government to develop and commercialise its energy storage technologies.
The company’s storage product, the Freedom PowerBank, comprises high-density lithium ion batteries linked to innovative ‘active’ battery balancing and control software. The Freedom PowerBank can manage both on and off grid systems.
The grant will allow ZEN to set up an energy storage research and development facility at its advanced manufacturing production hub within the TAFE’s Sustainable Industries Education Centre at Tonsley.
ZEN Chief Executive Officer Richard Turner said the energy industry was going through a revolution and energy storage was right in the driver’s seat. “We aim to make South Australia a world leader in energy storage systems,” he said.