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MGX Renewables/Zinc8 Energy Solutions chosen for New York clean electricity project

by Greg Klein | January 17, 2020

Update: Effective March 20, 2020, MGX Renewables will trade as Zinc8 Energy Solutions CSE:ZAIR.

The largest state public power organization in the U.S. will deploy a Vancouver company’s innovative energy storage technology in a demo facility. The New York Power Authority selected MGX Renewables’ (CSE:MGXR) zinc-air system out of more than 60 contestants in the NYPA Innovation Challenge staged by the utility and the Urban Future Lab at New York University’s Tandon School of Engineering.

MGX Renewables/Zinc8 Energy Solutions chosen for New York clean electricity project

One of the decisive factors in the selection of Zinc8 was its ability to provide longer-term storage of eight hours or more. The patented system stores electricity in the form of zinc particles, using none of the normally expensive battery minerals lithium, vanadium or cobalt. Zinc particles combine with oxygen while the system delivers electricity. When the system recharges, the zinc particles are regenerated and oxygen is returned.

The company emphasizes its potential for inexpensive mass storage that can be scaled into a wide range of applications.

NYPA president/CEO Gil Quiniones called it a “low-cost, long-duration solution that addresses the unpredictability of renewable energy resources such as wind and solar, and offers environmental and efficiency benefits.”

The competition took place as part of New York’s Green New Deal, a program to achieve 3GW of energy storage by 2030 and 100% carbon-free electricity by 2040. NYPA and Zinc8 are now evaluating sites for a 100kW/1MWh storage system to serve an existing commercial or industrial NYPA customer. The project would also demonstrate Zinc8’s micro-grid potential, as well as other commercial, industrial and utility uses. Installation is expected in 2022.

NYPA will contribute US$2.55 million to the project over three years.

This investment in long-duration, low-cost energy storage technology will provide a boost to our clean energy economy, maximize the benefits of renewable resources and help in our aggressive efforts to combat climate change.—Kathy Hochul,
New York Lieutenant Governor

Commenting on the selection, New York Lieutenant Governor Kathy Hochul said, “This investment in long-duration, low-cost energy storage technology will provide a boost to our clean energy economy, maximize the benefits of renewable resources and help in our aggressive efforts to combat climate change.”

Pat Sapinsley, managing director of Clean Tech Initiatives at NYU Tandon, added, “The selection of Zinc8 Energy Solutions illustrates how important and effective a public-academic collaboration like the NYPA Innovation Challenge can prove. By awarding this contract, New York State is not only accelerating its own clean-energy future but building confidence in the clean-power industry overall.”

One residential application of Zinc8 will be 75.9 House, an architectural innovation under construction in suburban Vancouver. Storing solar-generated energy, the unit will start at 40 kW/160 kWh and can be scaled for greater demand.

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