ZincNyx accelerates commercialization efforts to make MGX a leader in the energy storage space

Full version / Typical 5 kW Modular System from ZincNyx.

Today, MGX Minerals Inc. made 2 major announcements: (1) Commencement of development of a scaled-up 20 kW next generation zinc air mass energy storage system, and (2) Closing of the ZincNyx acquisition, as a total of $250,000 cash and 4,793,333 common shares of MGX have been issued as consideration for the acquisition of ZincNyx and related intellectual property and retention of key employees. ZincNyx CEO, Suresh Singh, commented: 

“We are delighted to become part of the MGX family of CleanTech Companies. We look forward to accelerating our commercialization efforts and contributing towards making MGX a leader in the energy storage space.”

The development of the 20 kW (160 kWh) system is merely a matter of form, because it´s a scale-up version of ZincNyx´s current 5 kW system, representing a 4 times increase in both energy and power and as such ideally suited for use in utility-scale battery storage. 

The 20 kW system retains all attributes of existing 5 kW systems while providing additional benefits, including lower costs and higher energy density along with the ability to serve broader market segments. The expanded range of the next generation system addresses 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.

This next generation system will continue to be modular and offer capabilities to combine multiple 20 kW systems at the electrical interface, allowing for deployment of containerized systems capable of providing up to 1 megawatt or more. Key technical features of the system include:

• True flow battery which completely decouples the energy and power capabilities of the system
• Scalable energy capacity through the addition of more zinc and oxygen (“Fuel”)
• Inexpensive Fuel
• Regenerative Fuel cell that does not require fuel replacement
• Eliminates need for transporting, storing or refilling of hydrogen (as compared to hydrogen fuel cell systems)
• Zero emission of greenhouse gases or pollutants 

In early January, MGX announced a major technological breakthrough by its wholly owned subsidiary ZincNyx Energy Solutions Inc., which private company was acquired from the mining giant Teck Resources in December 2017. The ZincNyx system is immune to the problematic phenomenon of zinc dendrites growth as it uses zinc as fuel and consumes it as part of its normal operation. As this technical challenge has now been mastered successfully, ZincNyx has already started the commercial design for the mass production of its scalable 20 kW capacity zinc-air mass storage battery. 

• The zinc-air battery is an innovative mass energy storage system which can be readily scaled from kilowatt to megawatt range.

• Most interestingly, the ZincNyx system is simple to manufacture in multiple locations using conventional methods – it does not require a Gigafactory!

• The main advantage is the low cost in comparison to other energy storage systems which traditionally include high-priced commodities such as lithium, cobalt and vanadium. The ZincNyx batterry solely includes zinc particles to efficiently store energy. The materials used in the manufacture of a full ZincNyx energy storage system are inexpensive and plentiful: zinc, magnesium, nickel, carbon, plastics.

• The technology emits no greenhouse gases or pollutants and does not contain any heavy metals. 

• It’s a closed system and because there is no buildup of dendrites it never needs to be refueled and it does not corrode. The zinc particles are charged by solar or wind, or whatever the charged zinc goes into the fuel tank, where the energy is stored and then on demand is pumped into the fuel cells and then back to the regeneration area to be recharged. 

• Video:

• 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 quantity of charged zinc fuel, making scalability a major advantage of this flow battery system.

• The ZincNyx system is a true flow battery, thereby completely decoupling the energy and power capabilities of the system. The energy capacity can be increased simply by providing more fuel. This fuel (particles of zinc plus oxygen drawn from the air) is very inexpensive – estimated to be less than $25/kWh. Since the air does not need to be stored within the system, the size of the fuel tank is considerably reduced compared to other flow battery chemistries. 

• The ZincNyx system can also be described as a regenerative fuel cell – the fuel can be regenerated electrically and never needs to be replaced. The ZincNyx system provides the benefits of a hydrogen fuel cell without the need to transport and store hydrogen.

• The system is composed of 3 major subsystems: The zinc regeneration subsystem, the fuel storage subsystem and the power generation subsystem. Each subsystem can be sized according to the application requirements: Regeneration capacity (kW), energy storage capacity (kWh) and power generation capacity (kW). This is particularly important in photovoltaic applications where the duration of usable sunlight for regeneration may be limited to 6 hours or less. The separation of functions enables each subsystem to be optimised for its application and to utilise the most cost-effective and durable materials.

• The ZincNyx system does not require air conditioning since it operates above normal ambient temperatures (50-70°C).

• Another major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum charge or discharge rates as 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 size of the fuel storage system. 

Compelling Competitive Advantages: 
• Lowest cost energy storage for durations of 4 hours and greater
• Scalable, robust, reliable
• Insensitive to environmental and operational conditions
• Safe: No toxic, explosive or combustible materials or poisonous gasses
• Flexibility to optimize for power and energy needs 

Bottom Line

MGX is advancing fast to become the leader in zinc-air energy storage systems, because it leads in both key fields of cost and performance. Thanks to its extensive patent portfolio, funding support via SDTC, experienced management team, access to strong technical skillsets within ZincNyx and at UBC, UBC Okanagan and SFU, the company is getting ready to enter this multi-billion-dollar greentech market with an unparalleled solution. 

Company Details

MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735 

Shares Issued & Outstanding: 93,509,760 


Canadian Symbol (CSE): XMG
Current Price: $1.52 CAD (01/29/2018)
Market Capitalization: $142 Million CAD


German Symbol / WKN (Tradegate): 1MG / A12E3P
Current Price: €1.01 EUR (01/29/2018)
Market Capitalization: €94 Million EUR 

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Disclaimer: Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. The author hold a long position in MGX Minerals Inc. and is being paid a monthly retainer from Zimtu Capital Corp., which company also holds a long position in MGX Minerals Inc.

Write a comment

Walter Sorochan
23.03.2018 19:55:54
Your article is good but often not clear.
Several questions:
1. Can this zinc technology replace lithium to be used in storing electricity in auto lithium batteries?
2. Can this zinc battery store solar energy in a standard 2 to 5 bedroom size home?
Thank you.
Please respond to
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Name: MGX Minerals Inc.
Canada Symbol: XMG
Germany Symbol / WKN: 1MG / A12E3P
Shares Issued & Outstanding: 93,509,760
Phone: +1 604 681 7735

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