MGX Minerals' energy storage subsidiary ZincNyx Energy Solutions will be looking at the use of graphene-based materials to incorporate in its battery technology. ZincNyx and its research partners have secured a grant of CAD$580,000 (around $446,000 USD) from Canada's Natural Science and Engineering Research Council (NSERC) over the next three years to develop 'nanostructured material' for the next generation of Zinc-air energy storage.

ZincNyx has developed a modular storage system using zinc and air to store energy, which has none of the traditional high cost battery commodities such as lithium, vanadium or cobalt. ''Graphene is getting a lot of attention for many applications, but is particularly promising for electrochemical reactions since it can perform on par with traditionally used platinum'' said project lead Professor Jeff Gostick of the University of Waterloo, Calgary, Canada.

ZincNyx chief executive Suresh Singh added: "We are entering early commercialization, but saw a strong need on the horizon to drive down costs to fuel further growth... We are very pleased to be working with this particular group of researchers.''