Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SZEGED, Hungary, Sept. 14, 2017 -- 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.”
Contact:
ThalesNano: Richard Jones / [email protected]
University of Szeged: Dr. Csaba Janaky/ [email protected]
