Yesterday after market close, MGX Renewables Inc. announced to change its corporate name to Zinc8 Energy Solutions Inc. to better reflect its competitive edge in providing solutions to the entire energy sector, and not just renewables such as solar, wind, geothermal and hydro. Also announced yesterday, Ron Macdonald will be assuming the role of President and CEO of Zinc8 Energy Solutions effective immediately.
Apparently, the biggest transition in the history of the energy sector is underway, providing a multi-trillion-dollar opportunity for those who adapt the fastest and for those who unlock the full potential of renewable energy sources and the transmission grids. Efficient technologies and innovative energy storage solutions are key to do so. Zinc8 Energy Solutions aims to be at the forefront of this development by introducing a market-leading, long-duration, low-cost zinc-air energy storage system.
With the increasing deployment of renewable energy and the increasing power requirements forecasted in the next years (e.g. from electric vehicles), transmission line upgrades are required on a massive scale globally. Until now, there has not existed a commercially ready energy storage solution that can economically service the needs of the new energy sector, first and foremost in the energy transmission sector.
Now, Zinc8 Energy Solutions is coming into play with its unique and patented zinc-air battery technology to expand the capabilities of the grid without doing anything but installing its battery. Such a technological solution could save billions, if not trillions of dollars in required infrastructure upgrades over the next decades globally.
Zinc8 does not see itself competing in the under 4 hour market currently dominated by lithium-ion. Anything under 8 hours is not of interest but rather multi-megawatt-hours of storage, i.e. every sector that requires large amounts of +8 hours of energy storage is targeted by Zinc8, which is reflected in its new corporate name.
The number 8 is known as the symbol of harmony and balance, representing abundance and power. Likewise, Zinc8 is on a mission to bring harmony to the grid by perfectly balancing energy supply and demand in an unprecedented fashion.
Moreover, the infinity symbol is like the shape of the sideways figure 8. Note that Zinc8 is eager to demonstrate that it can perform unlimited discharge and recharge cycles within its lifetime as well as deliver both high-power and long-duration energy services with no capacity fade over time, which features could set Zinc8 apart from other battery technologies, including lithium-ion.
Full size / Excerpt from BloombergNEF’s “New Energy Outlook 2019”
Full size / Excerpt from BloombergNEF’s “New Energy Outlook 2019”
When looking at the renewable energy and clean technology research universe (e.g. the market valuation database from Raymond James Financial Inc.), you will notice that most of these stocks are performing exceedingly well and enjoy high valuations. Most interestingly, there are hardly any pure play battery / energy storage companies publicly traded in North America.
Are you ready to participate and prosper from the biggest transition of our modern-day energy systems? Zinc8 is. Take a look at their Corporate Presentation and Rockstone’s Initiating Coverage for more information.
Compellingly, the company has established an experienced and well-connected team fully dedicated to enter the energy storage market as fast as possible. With respect to the new appointment of Ron MacDonald as President and CEO, here is a brief overview of some of the experience he brings to Zinc8 Energy Solutions:
Mr. MacDonald has over 35 years of both public and private sector experience, ranging from international roles within the Parliament of Canada to serving on the boards of numerous publicly listed resource companies. In recent years, Ron MacDonald has served as President of NRStor Remote Communities and Mines, a Canadian company based in Toronto focused on partnering with off-grid Indigenous communities and mines to develop renewable energy and energy storage projects. This led to two projects currently being developed in northern British Columbia and Nunavut. Mr. MacDonald was the Executive Chairman and Director of American Vanadium Corp (Vanadium supply chain & CellCube Energy Storage System) and he was Executive Chairman of Critical Elements Corp (lithium). Ron has also been a contributor to the EU Commission Framework 7 policy paper on “Scarcity of Strategic Minerals” and a presenter at conferences throughout the United States, Canada, Europe and Asia on strategic minerals needed to support the renewable energy and storage industries.
Mr. MacDonald served for over a decade as a Federal Member of Parliament for Halifax, Nova Scotia, during which time the Prime Minister of Canada appointed him as Parliamentary Secretary of International Trade. Mr. MacDonald served for 5 years as President and CEO of the Council of Forest Industries, Canada’s largest lumber manufacturing, grading and marketing group, where he developed new markets in China, Korea, India and Japan. Ron was also a Director and Founding Member of Canada Wood, one of Canada’s most successful marketing programs opening up global markets for Canadian Wood Products.
Board of Directors:
Michael Reimann (Ph.D.) - Director & CFO
Jared Lazerson - Director
Lyndon Patrick (LLB) - Director
David Hodge - Director
Ron Macdonald - Director, President & CEO
Company Details
MGX Renewables Inc.
#1 – 8765 Ash Street
Vancouver, BC, Canada V6P 6T3
Phone: +1 604 558 1406
Email: investors@zinc8energy.com (Patrick)
www.zinc8energy.com
Shares Issued & Outstanding: 47,123,529
Canadian Symbol (CSE): MGXR
Current Price: $0.22 CAD (09/19/2019)
Market Capitalization: $11 Million CAD
German Symbol / WKN (Frankfurt): 0E9 / A2PNN3
Current Price: €0.161 CAD (09/19/2019)
Market Capitalization: €8 Million EUR
Disclaimer: This report contains forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Rockstone Research, MGX Renewables Inc. and Zimtu Capital Corp. caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the MGX Renewables´ public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through their profiles on SEDAR at www.sedar.com. Please read the full disclaimer within the full research report as a PDF (here) as fundamental risks and conflicts of interest exist. MGX Renewables Inc. pays Zimtu Capital Corp. to provide this report and other investor awareness services.The author, Stephan Bogner, holds a long position in MGX Renewables Inc. and is being paid by Zimtu Capital Corp. for the preparation and distribution of this report, whereas Zimtu Capital Corp. also holds a long position in MGX Renewables Inc. The cover picture has been obtained from boykung via Shutterstock.com.
