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MGX Minerals

Flow battery firm headed for Canadian stock market

Thu, 04/18/2019 - 10:17 -- Hugh Finzel

Vancouver-based flow battery manufacturer MGX Renewables expects to list its shares on the Canadian Securities Exchange (CSE) after receiving conditional approval to do so.

MGX Minerals’ (MGXM) subsidiary ZincNyx was renamed MGX Renewables (MGXR) in 2018 and a plan of arrangement was unveiled to spin out 40% of the common shares of MGXR.

MGXR’s modular zinc-air flow batteries are targeted for long-duration energy storage and deliver power ranging from 20kW to 50MW, with scalable capacity of 120kWh to 1GW.

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ZincNyx gearing up for flow battery roll-out

Mon, 01/29/2018 - 11:33 -- John Shepherd
ZincNyx gearing up for flow battery roll-out

Canada-based ZincNyx Energy Solutions is gearing up for “mass production” of a zinc-based flow battery within a year.

ZincNyx, which was acquired by lithium developer MGX Minerals last month, intends to produce 1,000 flow battery units annually by early January 2019, according to MGX president and CEO Jared Lazerson.

 

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