CRI AWARDED GRANT FOR MARKET DEVELOPMENT

The Icelandic Technology Development Fund (http://en.rannis.is/funding/research/technology-development-fund/nr/545) has awarded CRI with a 10 million ISK grant to expand its efforts in sales and marketing of its technology solutions and services in Europe and China. CRI will be offering technology that has been developed and demonstrated in Iceland for the past several years to energy and industrial companies. CRI‘s technolgy utilizes surplus or under utilized sources of energy and materials in the form of hydrogen and carbon dioxide to produce methanol.

The technology solutions can improve the control and utilization of high shares of intermittent renewable energy on the electrical grid.

Power to Fuel processes have gained attention in recent years as a solution to the storage of surplus energy, increasing energy security and supply of sustainable fuels.