MGX Renewables Inc. has developed a unique flow battery technology using zinc and air as fuel. The technology resolves the intermittent and unpredictable nature of renewable energy sources such as wind and solar. With a cost-effective solution for energy storage, clean energy is made reliable and available as and when required.
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ZINC AIR BATTERY TECHNOLOGY
MGX Renewables’ initial product to market is a modular energy Energy Storage System designed to deliver backup power in the range of 5 to 100 kW 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. An independent Battery Management System enables the system to be configured for any AC/DC, load/source environment.
Since the system is modular, it can be scaled from 5kW upwards, with additional modules added as required. The system can deal with long discharge periods simply by increasing the size of the fuel tank; while short duty cycles do not adversely affect the reliability and durability of the system.
July 22, 2019 - MGX Minerals Announces Subsidiary MGX Renewables Inc. Approved to List on the Canadian Securities Exchange
MGX Renewables Inc. (CSE: MGXR) announced that its common shares will commence trading today on the Canadian Securities Exchange (“CSE”) under the ticker symbol “MGXR”. A copy of the Listing Statement is available under the Company’s profile on SEDAR at www.sedar.com. The Company’s CUSIP number and ISIN are 59325P108 and CA59325P1080, respectively.
MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW – 50MW and energy storage in the range of 120kWh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air battery 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 zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.
The MGXR ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:
- Storage and smoothing current from renewable energy sources such as wind and solar
- Commercial, industrial backup replacing diesel generators
- Industrial scale, on-demand power for peak shaving or standby
- Grid scale energy storage for energy trading and arbitrage
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:
- The Zinc Regeneration Subsystem (ZRS) provides the recharging function
- The Fuel Storage Subsystem (FSS) provides the energy storage function
- The Power Generation Subsystem (PGS) provides the discharging function