MGX Minerals Enters Final Phase of Product Development for Next Generation Zinc Air Fuel Cell Systems
(firmenpresse) - MGX Minerals Enters Final Phase of Product Development for Next Generation Zinc Air Fuel Cell Systems
VANCOUVER, BRITISH COLUMBIA / December 4, 2018 / MGX Minerals Inc. (MGX or the Company) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to announce that its wholly owned subsidiary MGX Renewables, Inc. (MGXR) has entered the final phase of development for its next generation zinc-air mass storage systems. All components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates which comprise the housings, and the final system enclosure. Housings are expected to arrive this month, followed by subsystem testing, this will be proceeded by system level testing in January. All components are designed for mass production. Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house.
MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20 kW - 50MW and storage in the range of 120Kwh - 1GWh over extended periods of time. With the advantage of rechargeable zinc-air fuel cell technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the fuel tank, a very cost-effective scalable solution now exists as an alternative to the linear power storage ratio in the lithium ion battery.
Li-ion versus Zinc-Air
The fundamental limitation of a linear power to storage ratio and cost burden associated with both lithium-ion and lack of flexibility gives an overwhelming advantage to MGXRs zinc-air fuel cell technology. In addition to containing no expensive commodities such as lithium or cobalt, the zinc air fuel cell battery has a much lower cost of storage reflecting a paradigm shift essentially eliminating the traditional linear fixed power / storage ratio and allowing for scalable power with highly flexible storage capacity at essentially any ratio, limited only by the physical parameters of the fluidized zinc storage tank(s). This fills the need in both renewables storage as well as industry and grid scale opportunities in power acquisition and distribution along with the inherent benefits of clean steady power; with the potential to acquire power not just overnight and discharge on demand during the day but to take advantage of much larger swings in power demand and supply such as weekly, monthly, and potentially seasonal fluctuation.
Charging is also flexible and is scaled to match discharge but is a separate subsystem that can be scaled to match supply markets and timeframe of power availability whether long or short windows for power acquisition. This creates both an arbitrage opportunity and cost savings opportunity but a policy level opportunity to enhance localized power infrastructure without the need to build new power plants or transmission lines.
About MGX Renewables
MGX Renewables, has developed a patented zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low cost mass storage of energy and can be deployed into a wide range of applications scalable energy storage applications.
Unlike conventional batteries such as lithium-ion, which have a fixed energy/power ratio, the technology uses a fuel tank system that offers flexible energy storage to power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making low cost scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates since each of the charge and discharge circuits is separate and independent. Other types of standard and flow batteries are limited to a maximum charge and discharge by the total number of cells as there is no separation of the charge, discharge and storage components. For more information visit www.mgxrenewables.com.
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with interests in lithium, magnesium and silicon assets throughout North America. Learn more at www.mgxminerals.com.
Contact Information
Jared Lazerson
President and CEO
Telephone: 1.604.681.7735
Web: www.mgxminerals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.
Leseranfragen:
MGX is involved in the acquisition and exploration of industrial mineral properties in Western Canada. MGX has the right to acquire a 100% interest in the Driftwood Creek Magnesite Property located in the Golden mining district in southeast British Columbia. In addition to Driftwood Creek, MGX holds a portfolio of magnesite exploration properties in British Columbia. MGX’s wholly owned subsidiary, Manto Gold Corp., is engaged in gold exploration and holds a right to acquire a 100% interest in the 10,000 ha. Fran Gold Property, located 20km southwest of Mount Milligan in central British Columbia.
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Datum: 04.12.2018 - 11:15 Uhr
Sprache: Deutsch
News-ID 584923
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