NetworkNewsBreaks – MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF) Announces Development of Next Generation Energy Storage System
Diversified resource and technology company MGX Minerals Inc. (CSE: XMG) (FKT: 1MG) (OTCQB: MGXMF), through wholly-owned subsidiary ZincNyx Energy Solutions, Inc., this morning announced its commencement of the development of a scaled-up 20kW mass storage system for use in utility-scale battery storage. Per the update, the 20kW/160kWh modules represent a 4x increase in both energy and power as compared to ZincNyx’s current 5kW systems, all while boasting benefits such as lower costs, higher energy density and the ability to serve broader market segments. With the expanded range of the next generation system, ZincNyx is effectively addressing the need for long duration energy storage solutions for use with renewable energy sources such as wind and solar. Taking aim at this market need while remaining practical for numerous other energy storage applications, the updated system can be housed in a shipping container for deployment at remote locations or installed in free standing racks in warehouse-type environments.
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