Today, MGX Minerals Inc. announced a partnership agreement between its 100% owned subsidiary ZincNyx Energy Solutions Inc. and New York based systems integrator Digital Energy Corp. According to the agreement, Digital Energy will install the ZincNyx battery system at a demonstration site in New York City and upon successful completion of the first project, ZincNyx and Digital Energywill develop additional installation sites and work to expand distribution of the ZincNyx technology in the US, as President and CEO of ZincNyx, Suresh Singh, explained:
“We are delighted with this partnership with Digital Energy. Digital’s years of experience with system integration and energy generation will greatly enhance our ability to deploy energy storage solutions throughout the United States.”
The first project in New York City will demonstrate ZincNyx’s patented zinc-air flow-battery technology in combination with an onsite co-generation plant to reduce cost and increase revenue through multiple value streams, including peak shaving, demand response and economic dispatch. The ZincNyx flow battery chosen for this project employs a unique zinc-air chemistry that is safe for use in densely populated areas. The project will identify the operational and regulatory requirements to be satisfied for deployment in the state of New York.
Digital’s choice, amongst many high capacity batteries, is the zinc-air system that has long been recognized as highly advantageous due to its inherent safety, high energy density and abundance of its raw materials. The other unique advantages of the ZincNyx system, such as the ability to simultaneously charge and discharge, flexibility to optimize power and energy needs, low cost of energy for long durations and modularity, further simplified the decision. Vice President of Digital Energy, Jon Lilian, commented:
“Digital is excited to partner with ZincNyx to bring lower cost energy storage solutions to New York State. We believe the ZincNyx flow battery product, along with revenue streams from the New York State REV initiative and the NYISO, will provide a high value proposition for this and future projects.”
Read more at http://www.stockhouse.com/news/newswire/2018/04/18/first-zincnyx-mass-energy-storage-plant-for-new-york-city#UeAADqqr9azrv10E.99
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