A Missouri next-generation battery manufacturer is receiving millions of dollars from investors. ZAF Energy Systems develops and manufactures advanced nickel-zinc (NiZn) batteries. The company is located in Joplin, Missouri. ZAF executives recently announced they received $22 million from institutional and strategic investors to accelerate the commercialization of their NiZn battery in the data storage, industrial equipment, transportation, healthcare and defense markets.
Demand for ZAF’s NiZn technology as a replacement for lead-acid batteries in key market segments continues to grow. ZAF’s NiZn batteries last more than twice as long as lead acid batteries and yield twice the energy density of lead-acid batteries at less than a quarter of the cost, making them smaller, lighter and less expensive. ZAF’s NiZn batteries are recyclable and non-toxic to the environment.
Coventry Asset Management is one of several key investors in the company. “I look for innovative products that match with industry-changing trends,” Coventry’s CEO Gen Fukunaga said. “My belief is that ZAF’s environmentally friendly batteries are going to change the way the industry looks at cost effective energy storage. For far too long energy storage has been the ‘Achilles Heel’ of the energy industry. I am excited to be a part of this ground-breaking technology.”
ZAF opened its facility in Southwest Missouri in 2017. Company executives selected Joplin, Missouri, for their expansion location due to our state’s workforce and rich history in energy solutions. Missouri is home to the global headquarters of several innovative companies in the industry, including EaglePicher Technologies, Energizer, Emerson, and Watlow.
What Next?
A Missouri next-generation battery manufacturer is receiving millions of dollars from investors. ZAF Energy Systems develops and manufactures advanced nickel-zinc (NiZn) batteries. The company is located in Joplin, Missouri. ZAF executives ... Read More
Charter Communications, a Missouri-based cable and communications company, announced plans to hire more than 550 workers in the St. Louis region. Additionally, Charter is filling 185 jobs at its mobile call ... Read More
As meat supply chain issues occur across the world due to COVID-19, one Missouri-based company is targeting the fast-growing plant-based meat industry as it looks to the future. The St. Louis, ... Read More
Researchers at the University of Missouri have found that four antiviral drugs, including remdesivir, a drug originally developed to treat Ebola, are effective in inhibiting the replication of the coronavirus causing ... Read More
Missouri-based Centene Corp., a health innovation company, is teaming up with clinical laboratory Quest Diagnostics to expand COVID-19 testing access in areas of need throughout the U.S. The company plans to ... Read More
Varsity Tutors, an innovative Missouri-based company and the nation’s leading provider of one-on-one instruction, recently launched a free set of online classes for students in kindergarten through 12th grade. The free ... Read More
A possible breakthrough treatment for the COVID-19 virus is being tested in Missouri. Scientists at Saint Louis University’s Center for Vaccine Development say the experimental drug remdesivir could offer life-saving treatment ... Read More
Boeing successfully completed its first flight of the F-15QA fighter, the most advanced version of the jet ever manufactured. The Missouri-made aircraft took off and landed from Lambert International Airport in ... Read More
Missouri is open for business. That is the message Missouri is telling the world, as today marks the first day of Governor Mike Parson’s “Show Me Strong Recovery” plan, and businesses ... Read More
Missouri recently launched a new tool developed in partnership with Google to help health care providers connect with Missouri manufacturers and suppliers of personal protective equipment (PPE). Expanding reserves of PPE ... Read More