MagneGas Submits €2.5 Million Horizon 2020 Grant for Fourth Generation Gasification
MAGNEGAS (MNGA)
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Source: GlobeNewswire
Consortium Includes Global Leaders in Renewable Energy Centers of Excellence TAMPA, Fla., Nov. 08, 2018 (GLOBE NEWSWIRE) -- MagneGas Applied Technology Solutions, Inc. ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, announced today the submission of a €2.5 million grant through the European Commission’s Horizon 2020 grant program. The specific call for emerging renewable energy projects can be found under the Horizon 2020 research themes described in the work program for “Secure, Clean and Efficient Energy”, specifically the call LC-SC3-RES-1-2019-2020: “Developing the next generation of renewable energy technologies.” The Horizon 2020 program promotes research and innovation that exhibits excellent science, industrial leadership and tackles societal challenges. MagneGas’ fourth-generation gasification unit significantly improves upon the Company’s current unit in multiple ways
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