Dr. Patrick Soon-Shiong, Chairman of NantEnergy and Founder of NantWorks, made the announcement at One Planet Summit in New York highlighting the global environmental impact of the world’s safest and most reliable green rechargeable battery system which has now reached the breakthrough manufacturing cost at below $100 per kilowatt hour.

New York – Sept. 26, 2018 – NantEnergy today announced a breakthrough in its six-year mission to develop the world’s first scalable air breathing, zinc rechargeable battery system at a manufacturing cost below $100 kWh and to operate this intelligent digitally controlled system on a global scale.

NantEnergy’s rechargeable green air breathing zinc battery technology has now broken the manufacturing cost barrier of $100 per kilowatt hour, announced at the One Planet Summit.

NantEnergy announces largest global deployment of a novel air breathing zinc rechargeable battery – 3,000 installations in nine countries – has broken the $100 per kilowatt hour barrier.

Microgrids of air breathing zinc rechargeable batteries with solar-powered storage are now providing sole source of power to more than 200,000 people in over 110 communities in Africa and Asia.

Air breathing zinc rechargeable batteries are now deployed at over 1,000 telecom sites in the United States, Mexico, Southeast Asia, Central and Latin America.

“The proven deployment of the NantEnergy air breathing zinc cell storage system, together with clear pathway to sub $100 kWh costs, is a potential game-changer for affordable electricity and reducing hydrocarbon usage in emerging market countries. This is particularly compelling in our markets where we see an increasing penetration of renewables. An affordable energy storage can deliver real results in off grid and island environments.” said Sean Petersen, Principal Investment Officer, International Finance Corporation Venture Capital.