MGX Minerals acquires zinc air battery developer ZincNyx Energy Solutions Inc.
Jared Lazerson, chief executive of MGX Minerals Inc (CSE:XMG, OTCQB:MGXMF), tells Proactive they've furthered their reach into the emerging energy space with the acquisition of ZincNyx Energy Solutions Inc.
Canadian group ZincNyx Energy Solutions has developed a modular energy storage system (ESS) designed for energy storage in the 5 kW to 1 MW range for extended periods..
Its technology consists of three main systems each using zinc and air to store energy in the form of zinc particles.
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