VANCOUVER, BRITISH COLUMBIA / July 29, 2019 / MGX Renewables Inc. (“MGXR” or the “Company”) (CSE: MGXR) is pleased to announce the appointment of Mr. Fabio Fontana as Director of European Operations. Mr. Fontana will be responsible for setting up and leading European (EU) Operations. Mr. Fontana will organize the upgrading and certification of MGXR’s Zinc-Air Fuel Cell Battery to EU Standards and negotiate manufacturing, distribution and capital relationships in Europe.
Mr. Fontana spent the early part of his career in senior positions with British Gas Plc. and has served in a variety of roles in the European Energy Industry. Mr. Fontana was Director Brembio Energia Scarl, a developer of a greenfield biomass power plant; Director Spilimbergo Energia, a developer of a greenfield biomass power plant; Managing Director European Power Systems Srl (JV – Carraro Group), developer of micro cogeneration market and introduction of microturbine technology into the Italian market; Director Jucker SpA and Jucker Energia Srl.; COO and Managing Director Lombardia Gas Trader SpA; Director COG.EST SpA, one of the first energy service companies partnered with a public utility in Italy; Regional Business Development Director British Gas Plc. where Mr. Fontana developed the Mediterranean strategy and launched one of the first LNG Projects; Director British Gas RIMI SpA where Mr. Fontana developed British Gas exploration and production activities in Italy; Director, Chief Executive and President Serene SpA (JV – Fiat Avio, BG, Sondel, SanPaolo Bank) where Mr. Fontana lead financing and development of 12 greenfield Power Generation Unit (50MWe/unit); Managing Director and Country Manager British Gas Italia SpA and British Gas Corporation in Milan and London where Mr. Fontana developed the Italian asset portfolio through project investments and acquisition and supported the liberalization process of the Italian energy market; Manager in various roles at Aem (Public Utility of Milan); and Quality Assurance Scai Srl, Suisio for quality assurance of nuclear power plants. Mr. Fontana holds a Bachelor of Science Degree in Nuclear Engineering from Politechnico University, Milan, Italy; a Master in Business Administration from SDA BOCCONI, Milan, Italy, and a Nuclear Power Plant Operator License from the Enrico Ferme European Nuclear Studies Institute in Milan, Italy.
MGXR Energy Storage System
The MGXR ESS is a modular Energy Storage System designed to deliver power in the range 20kW – 50MW and energy storage in the range of 120kWh – 1GWh over extended periods of time. With the advantage of rechargeable zinc-air battery technology, the system can be configured to support a wide range of discharge power, recharge power and duty cycle requirements. Since the energy storage capacity of the system is determined only by the size of the zinc storage tank, a very cost-effective and scalable solution now exists as an alternative to the fixed power/energy ratio of the lithium ion battery.
The MGXR ESS is based upon unique patented zinc-air battery technology. Energy is stored in the form of zinc particles, similar in size to grains of sand. When the system is delivering power, the zinc particles are combined with oxygen drawn from the surrounding air. When the system is recharging, zinc particles are regenerated, and oxygen is returned to the surrounding air.
The flexibility of the MGXR ESS enables it to service a wide range of applications. Typical examples include:
- Storage and smoothing current from renewable energy sources such as wind and solar
- Commercial, industrial backup replacing diesel generators
- Industrial scale, on-demand power for peak shaving or standby
- Grid scale energy storage for energy trading and arbitrage
The MGXR ESS is designed according to a modular architecture that enables a wide variety of system configurations to be created from a small number of common subsystems. Each subsystem implements a single element of the technology:
- The Zinc Regeneration Subsystem (ZRS) provides the recharging function
- The Fuel Storage Subsystem (FSS) provides the energy storage function
- The Power Generation Subsystem (PGS) provides the discharging function