The Buzz Surrounding MGX Renewables Inc.

The Buzz Surrounding MGX Renewables Inc.

Financial Buzz
July 22, 2019

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.

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.

MGX Renewable's common shares commenced trading on the Canadian Securities Exchange (“CSE”) under the ticker symbol “MGXR” on July 22, 2019.