ThalesNano and University of Szeged Awarded $4.8 Million National Innovation Grant to Create Revolutionary H2-Generation and CO2 Valorization Platforms
ThalesNano Inc. / ThalesNano and University of Szeged Awarded $4.8 Million National Innovation Grant to Create Revolutionary H2-Generation and CO2 Valorization Platforms . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
SZEGED, Hungary, Sept. 14, 2017 (GLOBE NEWSWIRE) -- ThalesNano and University of Szeged have won a grant as part of the highly competitive GINOP (Economic Development and Innovation Operational Program) 2.2.1-15-2017-0041 program from the Hungarian Ministry for National Economy. The project will be implemented under the Széchenyi 2020 program using funds from the European Union.
The total project budget is $4.8 million and will be spent over four-years to develop state-of-the-art platforms that combine renewable energy storage with continuous-flow electrochemical CO2 conversion to valorizable products.
The grant will allow ThalesNano and the University of Szeged to continue building on their ground-breaking expertise in electrochemistry, nanocatalysis, and continuous-flow reactor development towards inventing environmentally beneficial, and economically lucrative technologies.
In addition to platform creation, funds will be used to expand ThalesNano's Szeged-based alternative energy R&D center, which we expect to become established at the newly built ELIPOLIS science park in 2018 and create a number of new jobs for the area.
In a joint statement, Dr. Ferenc Darvas (President of ThalesNano), Dr. Janaky Csaba (Project Research Director-University of Szeged), Richard Jones (Project Director-ThalesNano), and Alex Drijver (CEO-ThalesNano) announced:
"To develop technologies that can help reduce the rising CO2 concentration in our atmosphere is of tremendous importance to the future of this planet and our existence on it. Rather than choose the most common method, CO2 capture and storage (CCS), we aim to combine ThalesNano's and University of Szeged's expertise in high pressure hydrogen generation, flow technology, electrochemistry, and catalysis to generate unique platforms that will capture CO2 and convert it into useful synthetic materials using renewable electricity sources. Not only will this system help reduce the industrial CO2 output into the atmosphere, but we also expect it to help reduce the impact of large scale chemical production through carbon recycling. A system that can be applied not just here on Earth, but also for future Mars colonization. ThalesNano and the University of Szeged have always maintained close ties through innovative collaboration projects. With this financial support, it will make our partnership even closer and enable us to make one of our most important innovative dreams a reality."
Information om Globenewswire
Følg pressemeddelelser fra Globenewswire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Globenewswire
Mash Group Oyj22.6.2018 12:37 | pressemeddelelse
Mash named as one of the Fintech 50
Graduate Management Admission Council22.6.2018 06:02 | pressemeddelelse
GMAC Launches 'Study in China' Initiative in Partnership with 11 Leading Business Schools in China
Shyft Network21.6.2018 20:20 | pressemeddelelse
Shyft Unveils Board of Advisors Comprised of Top Crypto, Industry, and Regulatory Leaders United to Redefine Identity, Regulatory Compliance and Privacy For All
VITEC21.6.2018 19:02 | pressemeddelelse
United Shore Selects VITEC's EZ TV IPTV & Digital Signage Platform for New Headquarters
SEMAFO Inc.21.6.2018 17:25 | pressemeddelelse
SEMAFO Announces Retirement of VP, Exploration & Mine Geology; Announces Geology Team Succession
Bombardier Transportation20.6.2018 11:54 | pressemeddelelse
Bombardier's Chinese Joint Venture Wins Contract to Provide an INNOVIA Automated People Mover System to Shenzhen Airport
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum