MVTG is no longer just about the ERC Pilot Plant (PP) at LaFarge. The news we are waiting for now for the ERC is news of Grants to pay for the cost of the ERC, news of more countries issuing the patent, and news of improvements from the lab on efficiency and new products the ERC can produce that will lead to more patents, that will be PR'd as more patent applications.
Alstom has already agreed to cover some of the MVTG ERC LaFarge pilot plant costs, and may soon agree to cover additional costs. Rest assured more great news is coming that will rally the stock price.
Once the Fuel cell patent was issued in the UK not long ago (Think Europe, Paris MVTG show exhibit in 2 weeks...) the future of MVTG became much more than just the ERC technology and the Lafarge PP.
One of the major problems with renewable energy like Solar and wind, is the solar only works well on cloudless days, and not at night. Wind power only works when the wind is blowing, and much of it is wasted when grid demand is low.
Cement manufacturing is the second largest source of CO2 emissions on the planet, second only to burning coal to make steel and power.
Combine the waste GHG Green House gas, CO2, as a waste feed to manufacture liquid fuels like Formic acid, combined with waste renewable power during low grid demand that is currently wasted wind or solar power, to make a liquid fuel like formic acid, that can be stored and later used to supply grid power at night or during low wind speeds, using MVTG patent issued fuel cells that can run on formic acid, and you have the holy grail of green, environmentally sustainable, technology combinations all under one roof that the world is hungry for.
Then add in the low cost, low weight portability of the MVTG MRFC, Mixed Reactant Fuel Cell, formic acid fuel cell, for transportation markets and the new MVTG ERC source for vehicle fuel made from wasted renewable energy sources and wasted CO2 air pollution that is a major cause of Climate Change and you have a way to replace gasoline made from crude oil, and you have a way to maximize the use of existing renewable energy sources, during low power grid demand times, and a way to solve the climate change CO2 emission problems all at once.
And now MVTG has a partner, Alstom, with the size, money and drive to help make it all happen at light speed.
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