Archean Chemical Industries Limited

Investment Background

  • Company previously invested USD 12 million in Offgrid Energy Labs Inc., Delaware, USA
  • Subscription of A1 Preferred Stock completed on May 14, 2025 securing 18.14% stake in Offgrid
  • Balance commitment to be made in due course
  • Previous intimations dated October 27, 2024 and January 22, 2025

Facility Inauguration Details

  • Offgrid inaugurated its first Zinc Bromide based battery (ZincGel®) pilot manufacturing facility
  • Location: Hook, Hampshire, United Kingdom
  • Inauguration date: July 07, 2026
  • Capacity: Initial 10 MWh demonstration line
  • Marks transition from laboratory innovation to commercial pilot-scale production

Technology and Strategic Context

  • ZincGel® is a proprietary zinc-bromide battery platform for long-duration stationary energy storage
  • Applications include renewable energy integration, grid balancing, peak-load management, microgrids and industrial backup power
  • Long-Duration Energy Storage (LDES) systems store and dispatch energy for 10 hours to several days or seasons
  • Company's bromine business synergizes directly with zinc-bromide battery chemistry
  • Facility establishes foundation for future large-scale battery manufacturing, including intended gigafactory in India

Financial Implications

  • No additional financial commitment by the Company arising from this development
  • Facility inauguration was one of the stated objectives of the Company's original investment in Offgrid