Wind energy park in Saxony-Anhalt, Germany (source)
Today, MGX Minerals Inc. announced details of the patents that now belong to MGX following its recently completed acquisition of now wholly-owned subsidiary ZincNyx Energy Solutions Inc. MGX now effectively controls 20 metal air battery and fuel cell patents which have been awarded to ZincNyx over the last years covering its disruptive mass storage technology.
Table 1. Existing ZincNyx Patents
| Item |
Identification |
| Discrete Particle Electrolyzer Cathode and Method of Making Same |
US 7,470,351 |
| Methods and Devices for Controlling Flow and Particle Fluidization in a Fuel Cell |
US 7,276,309 |
| Method of Production of Metal Particles Through Electrolysis |
US 7,273,537 |
| Controlled Concentration Electrolysis System |
US 7,166,203 |
| Fuel Cell System |
US 6,911,274 |
| Method of and System for Determining the Remaining Energy in a Metal Fuel Cell |
US 6,873,157 |
| Method of and System for Cooling a Backup Power System |
US 6,841,276 |
| Electrolyte-Particulate Fuel Cell Anode |
US 6,787,260 |
| Methods of Using Fuel Cell System Configured to One or More Loads |
US 6,764,785 |
| Method and System for Flushing One or More Cells in a Particle-Based Electrochemical Power Source in Standby Mode |
US 6,764,588 |
| Power System Including Heat Removal Unit for Providing Backup Power to One or More Loads |
US 6,746,790 |
| Refuelable Electrochemical Power Source Capable of Being Maintained in a Substantially Constant Full Condition and Method of Using the Same |
US 6,706,433 |
| Methods of Producing Oxygen Reduction Catalyst |
US 6,689,711 |
| Manifold for Fuel Cell System |
US 6,679,280 |
| System and Method for Power Management |
US 6,522,955 |
| Method of Electrodepositing Metal on Electrically Conducting Particles |
US 6,432,292 |
| Refuelable Electrochemical Power Source Capable of Being Maintained in a Substantially Constant Full Condition and Method of Using the Same |
US 6,296,958 |
| Particle Feeding Apparatus for Electrochemical Power Source and Method of Making Same |
US 6,162,555 |
| System and Method for Preventing the Formation of Dendrites in a Metal/Air Fuel Cell, Battery or Metal Recovery Apparatus |
US 6,153,328 |
| Method and Apparatus for Refueling an Electrochemical Power Source |
US 5,952,117
|
3 additional patents (pending) have been filed in 2017. All of this shows the windfall for MGX after 7 years of development that included $50 million of investments by former owner Teck Resources and the Canadian government via SDTC (Sustainable Development Technology Canada) into the ZincNyx technology, which is now nearing commercial deployment. According to the
SDTC:
"The energy industry has not yet developed a battery that brings together the perfect combination of power capability, storage capacity and low cost. ZincNyx may have the solution with its Rechargeable Zinc Air Fuel Cell (RZFC) that uses zinc and air – two of the most abundant materials on Earth – as fuel. Used in a fuel cell, zinc provides high energy density, rapid kinetics, chemical stability, and reversibility. This type of fuel cell specifically separates the charge, discharge and storage functions, so that they can be independently tailored to the specific customer’s needs. This project will scale up a technology from its original intended purpose – remote telecommunications site power back-up – to a wider market: microgrid energy storage, where these units can augment or displace diesel power generation."
Full version / Typical 5 kW Modular System from ZincNyx.
Most recently, MGX was mentioned in the GreenTechMedia article entitled "ZincNyx Plans Flow Battery Mass Production Within a Year"and it was mentioned that the company is in the final design phase after overcoming a dendrite problem. ZincNyx is now looking to be able to produce 1,000 units annually by this time next year. The price for a 20 kW system is aimed at only $16,000. An equivalent system from Tesla would cost around $56,000, or 3 times as much, making ZincNyx a low-cost alternative in this billion dollar market.
The fully patented system can easily scale up to 100 kW at relatively little additional cost. Above 100 kW of capacity, the system would need a different form factor, such as with a second storage tank.
MGX President and CEO Jared Lazerson told GreenTechMedia that ZincNyx already has a distribution agreement with "a major German group" specializing in diesel generators and off-grid power supplies.
According to Commerzbank, wind power is on an expansion path not only in Germany, but globally.
An Indonesia-based industrial customer, looking to move from diesel to solar-plus-storage, has also already been lined up. Lazerson also noted that the company is already in talks with solar players. ZincNyx aims at mainly selling to commercial and industrial customers looking for backup and load balancing.
Most interestingly, the technology is unrivaled because compared to other flow battery designs (e.g. based on vanadium), ZincNyx is simpler (e.g. only 1 tank instead of 2) and has lower exposure to commodity prices. "This is a low-cost solution, and it will remain a low-cost solution,” Lazerson emphasized. While vanadium pentoxide prices have risen by over 20% in 2017, and ferrovanadium by almost 10%, the zinc price has rarely gone beyond $1.60/pound since 1989, trading at $1.55 last December. The 2 key ingredients in lithium-ion batteries, cobalt and nickel, were priced at $35 and $5.60 per pound, respectively, last month.
Last Sunday, Jared Lazerson was interviewed by Dale Jackson from 77WABC Radio in New York:https://www.mgxminerals.com/media/downloads/WABC_Radio_Interview.mp3
Company Details
MGX Minerals Inc.
#303 - 1080 Howe Street
Vancouver, BC, Canada V6C 2T1
Phone: +1 604 681 7735
Email: jared@mgxminerals.com
www.mgxminerals.com
Shares Issued & Outstanding: 93,509,760
Chart
Canadian Symbol (
CSE): XMG
Current Price: $1.52 CAD (01/31/2018)
Market Capitalization: $142 Million CAD
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German Symbol / WKN (
Tradegate): 1MG / A12E3P
Current Price: €0.996 EUR (01/31/2018)
Market Capitalization: €93 Million EUR
Previous Coverage
Report #41 “MGX Goes Big, Develops Utility-Scale Battery Storage System“
Report #40 “Positioned to Profit from Transition to New Energy Economy“
Report #39 “MGX Assembles Dream Team For California Lithium Strategy“
Report #38 “MGX: The Next GreenTech Energy Giant“
Report #37 “MGX Partners with Highbury Energy to make Petroleum Coke more Clean“
Report #36 “Technological Breakthrough in the Mass Energy Storage Industry“
Report #35 “Eureka! MGX Starts Developing Silica Projects after Acquisition of Mass Storage Battery Technology“
Report #34 “MGX Going Big on Petrolithium: The first large-scale integrated petroleum and lithium project ever developed“
Report #33 “Driving into the Realms of Tesla & Co: MGX Acquires Mass Storage Battery Technology from Teck Resources“
Report #32 “Backed by Private and Institutional Heavyweights: MGX cashes up for Lithium Extraction and Exploration“
Report #31 “MGX Revolutionizes the Lithium World - Commissions First Rapid Lithium Extraction System“
Report #30 “Full Steam Ahead: MGX Engages Senator Polanco (Ret.) to Head California Lithium Brine Strategy“
Report #29 “MGX to Target Geothermal Market for Extraction of Lithium and Gold“
Report #28 “MGX Minerals Commences Development of the World‘s First Petrolithium Field“
Report #27 “Canadian Government Backs MGX Minerals‘ Petrolithium Cleantech“
Report #26 “MGX Minerals Solves the Magnesium Problem of the Lithium Industry“
Report #25 “Hard-Rock Lithium Exposure for MGX“
Report #24 “One of the Largest Initial Oil Estimates in US History“
Report #23 “MGX starts Petrolithium pilot plant to deliver hard facts for strategic partners“
Report #22 “Time to bet: Sprott takes a position in MGX“
Report #21 “Petrolithium: First Come First Served“
Report #20 “Successful Independent Verification of the MGX Lithium Extraction Technology“
Report #19 “MGX to Drill the World‘s First PetroLithium Well in Utah“
Report #18 “MGX Reports Upgrading of Lithium Brine from 67 to 1600 ppm Lithium“
Report #17 “MGX technology nominated for prestigious Katerva Award, the Nobel Prize of Sustainability“
Report #16 “Unconventional oil play legend Marc Bruner to take MGX and PetroLithium to the next level“
Report #15 “Total Conviction: MGX forms PetroLithium Corp. to expand into the US oilfield brine markets“
Report #14: “MGX Extracts Lithium from Oil Wastewater - Begins Monumental Integration with Big Oil“
Report #13 "MGX Partners with Oil Major on Lithium Brine, New Energy Industry Facing Fundamental Shift“
Report #12 "Game Changing Potential: MGX Minerals‘ Pilot Plant for Rapid Production of Lithium Nears Completion“
Report #11 "MGX assays 34 g/t gold from surface sampling in British Columbia“
Report #10 “Official: MGX owns magnesium worth multi-billions of dollars and starts pilot plant shortly“
Report #9 “One of the world‘s largest lithium resources on the horizon?“
Report #8 “Ready for significant lithium brine work in Alberta“
Report #7 “At the forefront of Alberta‘s lithium brine riches“
Report #6 “Pioneering Lithium in Alberta: MGX Minerals Teams Up“
Report #5 “Time to Put a Lithium Production Process in Place“
Report #4 “MGX Minerals Taps Into Canada‘s Potentially Largest High-Grade Lithium Resources“
Report #3 “MGX Minerals Receives Mining Lease for 20 years (in British Columbia!)“
Report #2 “MGX Minerals Accelerates Towards Production“
Report #1 “MGX Minerals Plans To Enter The Magnesium Market“
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.