Mantra Venture Group Ltd. (OTCQB: MVTG) is a clean technology incubator that takes innovative emerging technologies and moves them towards commercialization. The company, through its subsidiary Mantra Energy Alternatives, is currently advancing two groundbreaking electrochemical technologies: ERC and MRFC.
The ERC (Electro-Reduction of CO2) technology addresses society's greatest environmental challenge by converting carbon dioxide, responsible for global warming and climate change, into high-value chemicals and fuels. As governments and industry across the world seek solutions to emissions, ERC offers the potential for CO2 emitters to turn this waste pollutant into a resource and thus a profitable revenue stream.
The MRFC (Mixed-Reactant Fuel Cell) is a novel, unconventional fuel cell that promises to significantly reduce the cost of fuel cell systems. By using a mixture of fuel and oxidant, the MRFC eliminated the expensive and failure-prone membrane and greatly simplifies reactant storage and delivery. This low-cost fuel cell system will penetrate the massive energy storage markets that conventional fuel cells have failed to address.