Latin America News Q2 2018

26 LATIN AMERICA NEWS / Q2 2018 , The report indicates that the batteries provide excessive storage capacity, better efficiency and long lifecycle than other batteries. The demand for those batteries is growing thanks to the wide array of applications in which they can be used, which include potable electronics, and recently electric vehicles (EVs). MGX Minerals Inc., Tesla Motors, Inc., Panasonic Corporation, Nemaska Lithium Inc., Lithium Americas Corp. Producers of processed lithium, which is used for batteries used in EVs, are changing business strategies to prepare for the higher demand expected from the adoption of EVs. According to Reuters, Tom Schneberger, global business director at U.S.- listed FMC Lithium, explained: “We’ve established the timeline for our own expansion based on the commitments our customers are making with us. Our first priority will be to provide the adequate supply of the high- quality products upon which (our strategic customers) rely.” MGX Minerals Inc. also listed on the Canadian Securities Exchange under the Ticker. Just earlier today the company announced breaking news that it, “is pleased to report that its 100% wholly-owned subsidiary ZincNyx Energy Solutions, Inc. (“ZincNyx”) has quadrupled the capacity of its fuel cell modules (stacks).” System Architecture - The ZincNyx zinc-air flow battery is comprised of three main modules - a regenerator module that uses electricity to charge particles of zinc, a fuel tank where the zinc particles are stored until needed, and a fuel cell module that uses zinc particles to generate electricity. Fuel Cell Module - The fuel cell module is comprised of a stack of identical cells. In the original implementation of the stack, each cell was capable of generating 100 Amps at approximately 1 Volt. A stack of 12 cells connected in series was thus able to generate 100 Amps at 12 volts, or approximately 1.25 kW. The latest development of this technology doubles the area of each cell and enables up to 24 cells to be connected in series, thereby quadrupling the output capacity of a stack to 5 kW (200 Amps at 24 Volts nominal). An additional improvement incorporated in this iteration of the design is a streamlined electrolyte path that reduces load on the fuel pump. The new stack is designed for injection moulding and die-casting from the outset, thereby reducing the cost to manufacture the unit. “This development is a further illustration of the flexibility of the ZincNyx system,” said ZincNyx President and CEO Suresh Singh. “Advances can be made to each component of the system without requiring simultaneous changes to the other components. In this case, the power generation capacity is increased without requiring simultaneous changes to the power regeneration capacity or the energy storage capacity.” Background - ZincNyx has developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles and contains none of the traditional high cost battery commodities such as lithium, vanadium, or cobalt. The technology allows for low-cost mass storage of energy and can be deployed into a wide range of applications. Unlike conventional batteries, which have a fixed energy/power ratio, ZincNyx’s technology uses a fuel tank system that offers flexible energy/power ratios and scalability. The storage capacity is directly tied to the size of the fuel tank and the quantity of recharged zinc fuel, making scalability a major advantage of the flow battery system. In addition, a further major advantage of the zinc-air flow battery is the ability to charge and discharge simultaneously and at different maximum Lithium Demand Set to Grow as Electric Vehicles Market Continues to Expand According to data provided byMarket Research Engine, the global Lithium-ion BatteryMarket is expected to exceedmore than US$ 77 billion by 2024 and will grow at a CAGR of more than 11%. Lithium-ion batteries are part of the rechargeable battery group.