MGX Minerals Announces Advancement of Next Generation Zinc Air Fuel Cell Battery
March 12 2018 - 8:30AM
InvestorsHub NewsWire
MGX Minerals Announces Advancement of Next
Generation Zinc Air Fuel Cell
Battery
Vancouver, BC
-- March 12, 2018 -- InvestorsHub NewsWire -- MGX
Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTCQB: MGXMF) is pleased to
announce it has commenced optimization of charging and oxygen fuel
generation functions for its zinc air fuel cell battery as part of
the mass production design phase.
Regeneration Module
The charging function of the zinc air battery occurs in the
regeneration module. Design work is now focused on optimization of
the bubble field that is generated during the zinc regeneration
process. A deeper understanding of the bubble field and how to
optimize its effects will enable to operate at higher efficiency
and offer improved reliability at a lower cost.
The regeneration module functions by charging zinc particles, which
form the electrolyte that is then passed to the fuel tank. The fuel
tank may be of any size and hold full charge for six months without
any significant loss. The system may be powered by a variety of
renewable and traditional sources including solar.
Oxygen Generation
The carbon-dioxide scrubber module is used in the generation of the
oxygen fuel from air. Oxygen is combined with zinc to create the
electrolyte used in the fuel cell where power is generated. Testing
of an alkaline solution in removing carbon dioxide from ambient air
is also underway. The outcome of these tests will be used to
further optimize the scrubber module for production systems. The
liquid-based scrubber promises to deliver much higher capacity and
lower cost than comparable solids-based methods.
This next generation system will continue to be modular and offer
capabilities to combine multiple 20kW systems at the electrical
interface, allowing for deployment of containerized systems capable
of providing up to one Megawatt or more. The expanded range of the
system will address the need for long duration energy storage when
coupled with renewable energy sources such as wind and solar. The
system may be housed in a shipping container for deployment at
remote locations or installed in free standing racks in
warehouse-type environments.
Figure 1. Typical 5kW Modular System
Overview of
Technology
ZincNyx has developed a patented regenerative 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.
Unlike conventional batteries, which have a fixed energy/power
ratio, ZincNyx’s technology uses a fuel tank system that offers
flexible energy/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 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 and
discharge components.
To watch a short video outlining ZincNyx technology, please visit
http://www.zincnyx.com/technology/
About MGX Minerals
MGX Minerals is a diversified Canadian resource company with
interests in advanced material and energy 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.
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