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Magnis Energy Technologies (ASX:MNS) - Chairman, Frank Poullas
Chairman, Frank Poullas
Source: NewsCorp
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  • Magnis Energy Technologies (MNS) has received successful results in its fast-charging battery program using commercial optimised multilayer 1.6 Ah pouch cells
  • The results saw a 93 per cent capacity retention over 600 cycles, with a 30 minute charge and 30 minute discharge
  • Testing has now begun on extra-fast charging to deliver more than 85 per cent charge within six minutes
  • Cells will be delivered this week for a Public Transit Technology and Innovation Program to be installed on some New York City bus routes
  • Magnis Energy is up 13.8 per cent, trading at 33 cents

Magnis Energy Technologies (MNS) has received successful results in its fast charging (FC) battery program using commercial optimised multilayer 1.6 Ah pouch cells.

Cycling results from an optimised commercial size cell using C4V technology has produced exciting results, with the life cycling retaining over 600 cycles and boasting a 30 minute charge and 30 minute discharge.

The optimised cell is within 99 per cent energy density of a regular iM3 energy cell, which means minimal energy density loss for an FC cell.

Magnis Energy’s technology partner, C4V, has been working with end users such as commercial electric vehicle manufactures, to develop a future-proof design for extra fast charging batteries, focussing on low costs and sustainable supply chain.

Battery cells optimised for very fast charging are required to maximise charging energy efficiency, battery life and safety.

Tests have now begun with extra fast charging to deliver more than 85 per cent charge within six minutes.

Cells will also be delivered for a Public Transit Technology and Innovation Program funded by The New York State Energy Research and Development Authority. The program comes with a proposal to develop its extra-fast charging system using extended-life batteries provided by C4V with its BMLMP technology.

The technology is planned to be developed in Binghamton, New York, before being installed on some New York City bus routes. Ideally, this will see 500,000 metric tons of carbon dioxide removed from the New York City metro area, while also increasing energy efficiency and lowering upfront costs when compared to the current system.

“We are really excited by this technology from Day 1 as it will be a game charger for the commercial transportation industry,” said Magnis Chairman Frank Poullas.

“Today’s announced results are an early step forward toward turning this technology into a commercialised product.”

The cells to be used in this program are expected to be delivered this week.  

Magnis Energy is up 13.8 per cent, trading at 33 cents at 11:25 am AEDT.

MNS by the numbers
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