MGX Minerals Inc (CSE:XMG) (OTCQB:MGXMF) said its subsidiary MGX Renewables has entered the final phase of development of its next-generation zinc-air mass storage system.
The modular plant is designed to deliver power in the range 20kW-50MW, while storage capacity will be anywhere from 120Kwh-1GWh.
With the advantage of rechargeable zinc-air fuel cell technology, it can be configured to support a wide range of discharge power.
In the latest update, MGX said all the components of the system have been designed, tooled and received with the exceptions of the fuel cell and regenerator plates. Housings are expected to arrive this month.
Designed for mass production
All components are designed for mass production. Many of the most sophisticated and proprietary components such as the cathode are manufactured in-house.
MGX’s zinc-air flow battery 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.
It allows for low-cost mass storage of energy and can be used for a wide range of 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.
This allows the system to be scaled up at low cost, which is a major advantage over traditional battery technology.