For hydrogen storage applications a nanocrystalline Mg90Ni8RE2 alloy (RE = Y, Nd, Gd) was produced by melt spinning. The microstructure in the as-cast, melt-spun and hydrogenated state was characterized by X-ray diffraction and electron microscopy. Its activation, hydrogenation/dehydrogenation properties and cycle stability were examined by thermogravimetry in the temperature range from 50 degrees C to 385 degrees C and pressures up to 30 bar H-2. It was found that the activated alloy can reach a reversible gravimetric hydrogen storage density of up to 5.6 wt.%-H. Furthermore, the reversible gravimetric hydrogen storage density increases with the number of hydrogenation/dehydrogenation cycles, while the dehydrogenation rate remained unchanged. This observation was attributed to the increase of the specific surface area of the ribbon due to cracking during repeated cycling. However, the microstructure of the hydrogenated alloy remained nanocrystalline throughout cycling. Copyright (C) 2011, Hydrogen Energy Publications, LLC. Published by Elsevier Ltd. All rights reserved.