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ABOUND Energy Engages Coenda Investments to Drive Advancement of Long-Duration Energy Storage Platform
Thenewswire· 2025-07-10 18:55
Core Insights - ABOUND Energy, Inc. has entered into a success-based representation agreement with Coenda Investments Holdings Corp. to enhance shareholder value and accelerate the development of its Zaeras™ flow battery platform in Europe and North America [1][2] - The partnership aims to leverage Coenda's expertise in capital formation and strategic investments to identify and engage potential investors and partners [2][3] - The Zaeras™ technology is positioned to play a critical role in the integration of renewable energy, addressing the growing demand for long-duration energy storage solutions [4][10] Company Overview - ABOUND specializes in long-duration energy storage technology, particularly its patented Zaeras™ system, which utilizes zinc-air chemistry for efficient energy storage and delivery [9][10] - The Zaeras™ technology is designed to facilitate the integration of green energy into the grid, minimizing curtailment and enhancing energy resiliency [10][11] - The technology is characterized by its safety, scalability, and cost-effectiveness, providing a viable alternative to traditional energy storage systems [11] Partnership Details - Coenda Investments will focus on strategic equity investments, joint development agreements, and government funding alignment to support ABOUND's growth [6][7] - The collaboration marks ABOUND's first formal step towards a global energy strategy, particularly targeting the European market [2][3] - Coenda has already identified several potential strategic partners, indicating a strong start to the engagement [2][3] Market Context - The global energy landscape is rapidly evolving, with long-duration storage technologies like Zaeras™ becoming essential for reliable integration of renewable power [4] - There is a clear market opportunity for scalable long-duration energy storage solutions, which ABOUND aims to capitalize on through its innovative technology [3][4]