MGX Minerals
Announces 300%
Increase in Power
Capacity
of Next Generation Zinc-Air Fuel Cell
Battery
VANCOUVER, BRITISH COLUMBIA /
May
14,
2018
/
-- InvestorsHub NewsWire -- MGX Minerals
Inc. ("MGX" or the
"Company") (CSE:
XMG /
FKT:
1MG /
OTCQB: MGXMF)
is
pleased to report that its 100% wholly-owned subsidiary
ZincNyx Energy Solutions, Inc. ("ZincNyx") has
quadrupled the capacity of its fuel cell modules
(stacks).
System Architecture
The ZincNyx
zinc-air flow battery is comprised of three main modules- a
regenerator module that uses electricity to charge
particles of
zinc, a fuel tank where the zinc particles are stored until needed,
and a fuel cell module that uses zinc particles to generate
electricity (see Figure
1).
Figure 1. Principle of
Operation
Fuel Cell Module
The fuel cell
module is comprised of a stack of identical cells. In the original
implementation of the stack, each cell was capable of
generating 100 Amps at
approximately 1 Volt. A stack of 12 cells connected in series was
thus able to generate 100 Amps at 12 volts, or approximately 1.25
kW.
The latest
development of this technology doubles the area of each cell and
enables up to 24 cells to be connected in series, thereby
quadrupling the output capacity of a stack to 5 kW (200 Amps at 24
Volts nominal). An additional improvement incorporated in this
iteration of the design is a streamlined electrolyte path that
reduces load on the fuel pump. The new stack is designed for
injection molding and die-casting from the outset, thereby reducing
the cost to manufacture the unit.
"This development is a further illustration of the
flexibility of the ZincNyx system," said ZincNyx
President and CEO Suresh Singh. "Advances can be
made to each component of the system without requiring simultaneous
changes to the other components. In this case, the power generation
capacity is increased without requiring simultaneous changes to the
power regeneration capacity or the energy storage
capacity."
Background
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, discharge and storage
components.
Figure 2.
Typical 5kW Modular System
To watch a
short video outlining this operation, please visit:
http://www.zincnyx.com/technology/
About ZincNyx Energy Solutions
ZincNyx Energy
Solutions, a wholly
owned subsidiary of MGX, has assembled
an experienced team to execute the development and
commercialization of a dependable renewable energy source. With
both environmental and efficiency factors in mind,
ZincNyx's
mission is to
provide the lowest cost, longest duration and most reliable energy
storage system for markets involving renewables firming, peak
shaving, diesel generator replacement, telecom facility back-up,
electrification of ferries and tug boats,
and
electric vehicle charging support. MGX
intends to
publicly list ZincNyx and pay a partial
share dividend to MGX shareholders of record (see press
release dated April 3, 2018).
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
Inquiries:
info@mgxminerals.com
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.