The Next Web reports that the facility, called Enerpoly Production Innovation Center (EPIC), is located near Stockholm and it is expected to produce the first batch of batteries next year, reaching its full production capacity of 100MWh by 2026.

Some of the batteries that we can find today on the market and that use zinc are the small AA cells, that we use to power different electronic devices, but they aren't rechargeable, which is what Enerpoly aims to do. Zinc-ion batteries don't have a very good reputation in this regard, either, due to the dendrite deposits that form and that cause short circuits.

Eloisa de Castro, Enerpoly's CEO, said that the company "has innovated across the entire zinc-ion battery system — including anode, cathode, electrolyte, and separator design — to solve these inherent problems."

Zinc, compared to lithium, is a very abundant and easy to extract and process resource, especially since Sweden owns the largest deposits in Europe and 2% of the those on the entire planet. Enerpoly targets the energy storage market with its modular battery packs, which can be combined to deliver more capacity.

Additionally, company officials say that these batteries aren't toxic, nor can they catch fire or explode, other important advantages to other alternatives on the market.

Should the initial production go to plan, Enerpoly targets the buildout of its first gigafactory after 2026.