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MagPower Systems
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Short description

Developer of magnesium-air fuel cells that generate electricity from magnesium, oxygen, and a saltwater electrolyte

Founded in 1999
Founded in

Company type Out of Business Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters White Rock, BC White Rock, Canada
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Updated by Cleantech Group on 11/26/2020

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Date Partner Type
Smartec (Smart Technologies & Investment Limited) Smartec (Smart Technologies & Investment Limited)
Smartec is the manufacturing partner of MagPower Systems.
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Confirmed by Smartec (Smart Technologies & Investment Limited)
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IPO INFORMATION

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Description

Date Investors Type Amount
07/01/2006 (0)
Post-money valuation of
Seed $3,908,000
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Products
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Product image Name Product status Revenue model Cost metrics

Magnesium-Air Fuel Cell (MAFC)

A fuel cell that generates electricity by combining magnesium, saltwater, and air. It can be used in multiple applications.

Pilot/Early Revenue Products - Wholesale
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$/kW (projected)
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