Smart grid technology leader Tantalus Systems Holding Inc. announced today the financial results for the third quarter and nine months ended September 30, 2021."In the third quarter of 2021, Tantalus achieved a number of important milestones. We not only witnessed our user community exceed 200 utilities by adding 7 new utilities in the quarter, but we also launched our first commercially-available predictive data ...

Smart grid technology leader Tantalus Systems Holding Inc. (TSX: GRID) ("Tantalus" or the "Company") announced today the financial results for the third quarter and nine months ended September 30, 2021.

"In the third quarter of 2021, Tantalus achieved a number of important milestones. We not only witnessed our user community exceed 200 utilities by adding 7 new utilities in the quarter, but we also launched our first commercially-available predictive data analytics tool to improve the resiliency and reliability of electric distribution grids. In addition to our continued commercial success, we also closed our first prospectus-based financing to further strengthen our balance sheet in support of growth initiatives," said Peter Londa, President & CEO of Tantalus.

Extreme weather continues to challenge the resiliency of distribution grids while the availability and accelerating adoption of electric vehicles and other distributed energy resources is stressing existing grid infrastructure. Coupled with investments being made by homeowners and businesses to install roof-top solar panels to reduce carbon footprints, the utility industry continues to confront an unprecedented number of challenges that require upgrades to distribution grids across North America. "These challenges create urgency among utilities to transform their grids into digital networks that are capable of accessing granular data in order to gain situational awareness, as well as command and control of critical assets," said Londa.

To help utilities improve the resiliency of their grids by leveraging such granular data, the Company commercially launched the Tantalus Grid Reliability Analytics ("TGRA") tool. TGRA accesses data from Tantalus' edge devices installed in meters and other grid equipment in order to help utilities detect anomalies in power quality that can lead to premature failure of critical assets and sustained outages. After launching the analytics tool in September, Tantalus quickly secured subscriptions to a Software-as-a-Service (SaaS) offering from six utilities within the Company's existing user community. The tool is delivering quantifiable benefits to those utilities and will serve as the foundation for leveraging data captured by Tantalus' smart grid platform to help improve their efficiency, reliability and sustainability.

"We are extremely pleased with our team's performance during the quarter despite witnessing the continuing impact of COVID-19 and global supply chain constraints for semiconductors and other electronic components. The global supply chain challenges directly correlated to backlog revenue being pushed out of Q3 and into future periods. Coupled with the absorption of costs associated with becoming a publicly-traded company and the loss of the Canadian government's Scientific Research & Experimental Development ("SR&ED") funding as a result of no longer being a private company, we delivered negative Adjusted EBITDA for the first time in over 4 years. While it is unfortunate to see our streak of 18 consecutive quarters of delivering positive Adjusted EBITDA come to an end, we remain confident that Tantalus is extremely well positioned to deliver next-generation smart grid solutions as the utility industry accelerates their investments to build the grid of the future," said Londa.

Q3, 2021 and Year to Date Financial Summary

Financial information is reported by Tantalus in United States dollars ("US$") unless otherwise specified and is presented in accordance with International Financial Reporting Standards ("IFRS").

Key results for the quarter are compared to the same timeframe in the previous year unless otherwise stated.

– Revenue of US$8.5 million reported compared to US$8.8 million for the prior year and US$24.6 million during the first nine-months of 2021 compared to US$23.7 million for the same nine-month period in 2020.

– Gross Profit of US$3.6 million representing Gross Profit margin of 42% for Q3, 2021 decreased from the prior year of US$4.1 million and 47% due to the revenue mix and increasing costs associated with supply chain constraints and logistics. Gross Profit reported for the first nine months of 2021 was US$11.0 million representing Gross Profit margin of 45% compared to US$11.3 million and 48% for 2020.

– Core Business Operating Expenses for Q3, 2021 increased to US$4.2 million compared to US$3.2 million in the prior year and to US$11.5 million during the first nine months of 2021 from US$9.5 million for the same nine-month period in 2020 due primarily to increased public company expenses and loss of funding from the Canadian government's SR&ED program as a result of becoming a publicly-traded company in 2021. On a comparative basis, excluding the impact of SR&ED benefits associated with being a private company in 2020, the variance between the Operating Expenses of the Company is US$4.2 million versus US$3.4 million dollars for the three months ended September 30, 2021 and 2020, respectively and US$11.6 million versus US$10.5 million for the nine months ended September 30, 2021 and 2020, respectively.

– Adjusted EBITDA decreased to (US$580,535) in Q3, 2021 compared to US$951,927 in the prior year and to (US$459,710) for the nine months ended September 30, 2021 compared to US$1.8 million in 2020 with the decline due primarily to the incremental public company expenses incurred and the reduction in SR&ED funding in 2021.

– Closed a CDN$10.6 million overnight-marketed financing on August 12, 2021 which strengthened the Company's balance sheet and positions Tantalus for additional organic growth as well as strategic partnerships and M&A opportunities.

– The Company had total assets of US$32.9 million as at September 30, 2021, inclusive of US$14.6 million in cash, compared to US$23.5 million as at December 31, 2020, inclusive of US$4.6 million in cash, with Adjusted Working Capital as at September 30, 2021 of US$15.6 million compared to US$3.5 million as at December 31, 2020.

While the growth horizon remains favorable for Tantalus and is being bolstered by the United States' unprecedented Infrastructure Investment and Jobs Act, signed into law on November 15, 2021, management is mindful of the ongoing worldwide disruption to the availability of electronic components, particularly with respect to semiconductors. The COVID-19 pandemic continues to impact Tantalus through delays in project deployments, restricted access to in-person meetings with utilities as part of the sales process and delays in decision-making by utilities that are assessing modernization plans.

Management continues to implement polices to prioritize the health and safety of our employees while maintaining regular interactions with customers. Similarly, management is navigating through the semiconductor shortage by implementing a number of strategies to mitigate the impact of supply chain constraints by building inventory of long-lead components, qualifying alternative component providers, increasing buffer stock and coordinating directly with our contract manufacturer.

The Company will hold a conference call and webcast to discuss the financial results on Tuesday, November 16, 2021 at 11:00 a.m. Eastern Time.

Conference Call

Participant Dial In (Toll Free) 1-866-807-9684
Participant International Dial In 1-412-317-5415

Webcast

https://services.choruscall.com/links/gridt211116CVilNc92.html

Replay Information

A conference call replay will be available until November 23, 2021. The webcast will be available until April 15, 2022 at the link set out above.

To access the conference call replay, please see details below:

US Toll Free: 1-877-344-7529
International Toll: 1-412-317-0088
Canada Toll Free 1-855-669-9658
Replay Access Code 10161714

Financial Statements and Management Discussion & Analysis

Please see the unaudited interim consolidated financial statements and related Management's Discussion & Analysis ("MD&A") for more details. The unaudited interim consolidated financial statements for the three and nine months ended September 30, 2021 and related MD&A have been reviewed and approved by Tantalus' Audit Committee and Board of Directors. For a more detailed explanation and analysis, please refer to the MD&A that has been filed on SEDAR at www.sedar.com and is also available on the Company's website at www.tantalus.com.

About Tantalus Systems Holding Inc. (TSX: GRID)

Tantalus is a smart grid technology company that transforms aging one-way grids into future-proofed multi-directional grids that improve the efficiency, reliability and sustainability of public power and electric cooperative utilities and the communities they serve. Our solutions are purpose-built to allow utilities to restore power quickly after major disruptions, adapt to rapidly shifting consumer expectations and population shifts, innovate new solutions based on the adoption of distributed energy resources and evolve their grid infrastructure at their own pace without needless cost or complexity. All this gives our user community the flexibility they need to get the most value from existing infrastructure investments while planning for future requirements. Learn more at www.tantalus.com.

Contact Tantalus:
Jacquie Hudson
Marketing Communications Manager
Tantalus Systems Inc.
613-552-4244 | jhudson@tantalus.com

Investor Relations:
Linda Armstrong
Investor Relations
647-456-9223 | larmstrong@tantalus.com

Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
Twitter: @TantalusCorp

Non-IFRS Measures

The preceding discussion of financial results includes reference to Gross Profit, Core Business Operating Expenses, Adjusted EBITDA and Adjusted Working Capital, which do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other issuers. Management believes that Gross Profit is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company and is comprised of revenues less cost of sales. Management believes that Core Business Operating Expenses is a useful indicator for investors, and is used by management, in evaluating the operating expenses of the Company. Core Business Operating Expenses is exclusive of depreciation and amortization, share-based compensation and non-core business related expenses. Management believes that Adjusted EBITDA is a useful indicator for investors, and is used by management, in evaluating the operating performance of the Company. Adjusted EBITDA is comprised of income (loss) less interest, income tax, depreciation, amortization, stock-based compensation, foreign exchange gain (loss) and other non-core business related income / expenses and is provided as a proxy for the cash earnings from the operations of the business. Management believes Adjusted Working Capital is a useful indicator for investors, and is used by management, for evaluating the operating liquidity available to the Company. Adjusted Working Capital is comprised of current assets less current liabilities exclusive of the Company's bank loan.

Forward-Looking Statements:

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes", "may", "plans", "will", "anticipates", "intends", "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding: the challenges facing utilities to upgrade distribution grids in North America, the benefits of TGRA, the realization of revenue pushed out of Q3, 2021, the positioning of Tantalus solutions, the favorable growth horizon of Tantalus, the adoption and development of new products and offerings, the ability to attract customers accessing government stimulus funding, the impact of and Tantalus' ability to manage supply chain constraints and the growth of the Company's user community,

In connection with the forward-looking information contained in this news release, Tantalus has made numerous assumptions, regarding, among other things: the expected impact of COVID-19 and the expected timing of new product introductions. While Tantalus considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause Tantalus' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the impacts of COVID-19 are unpredictable and could have significant impacts on Tantalus' financial performance; sales cycles to Tantalus' customers can be lengthy and unpredictable and require significant employee time with no assurances that a prospective customer will select Tantalus' products and services; Tantalus' financial and operational performance significantly depends on its ability to attract and retain customers and its ability to develop new products and to enhance and sustain the quality of existing products to retain such customers; Tantalus depends on a limited number of key suppliers and if such suppliers fail to provide Tantalus with sufficient quantities of components at acceptable levels of quality and at anticipated costs, Tantalus' revenue and operating results could be materially and adversely affected; Tantalus has a prior history of operating losses and Tantalus may not sustain profitability on a quarterly or annual basis; Tantalus' quarterly results are inherently unpredictable and subject to substantial fluctuations; Tantalus' success depends in part on Tantalus' ability to integrate its technology into devices and its relationship with device manufacturers; Tantalus' marketing efforts depend significantly on Tantalus' ability to receive positive references from Tantalus' existing customers; the markets for Tantalus' products and services, smart grid, smart city, and broader IoT technology in general, are still developing - if the markets develop less extensively or more slowly than Tantalus expects, Tantalus' business could be harmed; Tantalus operates in a highly competitive industry and Tantalus competes against many companies with substantially greater financial and other resources, and Tantalus' market share and results of operations may be reduced if Tantalus is unable to respond to competitors effectively; Tantalus is dependent on the utility industry, which has experienced volatility in capital spending - this volatility could cause Tantalus' results of operations to vary significantly from period to period; Tantalus' reliance on certain infrastructure and information technology systems make it vulnerable to the potential adverse effects of cyber-attacks and other breaches; if Tantalus' products contain defects or otherwise fail to perform as expected, Tantalus could be liable for damages and incur unanticipated warranty, recall and other related expenses, Tantalus' reputation could be damaged, Tantalus could lose market share and, as a result, Tantalus' financial condition or results of operations could suffer; the nature of Tantalus' business exposes it to the unpredictable risks of contractual disputes; the loss of key employees and the inability to attract and retain qualified personnel could harm Tantalus' business; Tantalus' business is exposed to potential risks associated with international sales and operations; foreign exchange rate fluctuations could harm Tantalus' results or operations; Tantalus and its customers operate in a highly regulated business environment and changes in regulation could impose costs on Tantalus or make Tantalus' products less economical; Tantalus' inability to acquire and integrate other businesses, products or technologies could seriously harm Tantalus' competitive position; intellectual property infringement claims could be costly and time-consuming to prosecute or defend; substantially all of Tantalus' current products depend on the availability and are subject to the regulation of radio spectrum in the United States and abroad; and interruptions or delays in services from Tantalus' third-party data center facilities, or problems with the third-party hardware or software that Tantalus employs, could impair the delivery of its services and harm Tantalus' business.

A more complete discussion of the risks and uncertainties facing Tantalus is disclosed under the heading "Risk Factors" in the Tantalus' Filing Statement dated January 28, 2021, as well as the MD&A included with Tantalus' continuous disclosure filings with Canadian securities regulatory authorities available at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Tantalus disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103625

News Provided by Newsfile via QuoteMedia

Nano One Announces Retirement of Director and President John Lando

Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) (Nano One), is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Nano One announces the retirement of John Lando, President, co-founder and member of the Board.

Mr. Lando stated, "I am very proud of what we have built at Nano One to date, and while I believe the best is yet to come, it is time for me to retire. Nano One has never been in a better position, both financially and operationally. I have complete confidence in the company's leadership team and their ability to execute on the vision they have created for Nano One, and I am also very pleased with the acumen of recent management additions, which has given me the confidence to make this move at this time. We have a strong treasury, solid technology, the world's largest partners and we are positioned to continue building long-term value for all stakeholders."

Keep reading... Show less
Northstar To Present At The TSX Clean Technology Investor Day And OTC Markets Small Cap Growth Virtual Investor Conference

Northstar To Present At The TSX Clean Technology Investor Day And OTC Markets Small Cap Growth Virtual Investor Conference

Northstar Clean Technologies Inc. (TSXV: ROOF) ("Northstar" or the "Company") is pleased to announce that CEO, Mr. Aidan Mills will present at the TSX Clean Technology Investor Day on Wednesday, December 1, 2021 and at the OTC Markets Small Cap Growth Virtual Investor Conference on Thursday, December 2, 2021 . At these conferences, Mr. Mills will discuss Northstar's progress since listing publicly on the TSX Venture Exchange in July 2021 including successfully completing commissioning runs at the Empower Facility, completing the RFP process, in which BBA was selected as Northstar's consulting engineering firm and completing the Life-Cycle Assessment for Northstar's carbon footprint at the Empower Facility.

Keep reading... Show less
American Manganese Invited to Present at Upcoming Battery Recycling Conferences

American Manganese Invited to Present at Upcoming Battery Recycling Conferences

Closing the Loop with the RecycLiCo Patented Process

American Manganese Inc. (TSXV:AMY)(OTCQB:AMYZF)(FSE:2AM) ("AMY" or the "Company") is pleased to present its patented lithium-ion battery recycling process (RecycLiCo) at the upcoming E-Waste World Conference and Benchmark Mineral's Battery Sustainability Summit

Keep reading... Show less
HydroGraph Clean Power

HydroGraph Clean Power


Overview

There's never been more attention on clean energy generation than exists today. Between the EU's push for clean energy for all Europeans, the passing of various state-level green laws throughout the US, and the US government's decision to invest $2 trillion in clean energy to support a green economy — when it comes to energy production — it's clear the future is leaning green. The goal of these initiatives is to transition our energy production from non-sustainable sources like coal, gas, and oil into more sustainable options like solar, wind, and hydroelectric.

The US government is committing to decarbonizing the power sector by 2035, with the goal of reaching net-zero carbon emissions by 2050. The UK has also followed suit by committing to cutting more than 50 percent of its emissions, which it believes could help bolster its economy through increased jobs. As governments around the world shift towards clean energy, the demand for various materials such as hydrogen and graphene is expected to rapidly increase.

HydroGraph Clean Power (CSE:HG) is a Canadian industrial materials manufacturer focused on commercializing its patented, green and cost-effective graphene and hydrogen manufacturing process. HydroGraph Clean Power's patented Synthetic Detonated Graphene (SDG) process is a clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene.

SDG process

The SDG process produces identical batches of 99.8 percent of pure graphene without impurities from hydrocarbon gases. The process is cost-effective, digitally-controlled, customizable, decentralized, consistent and energy-efficient compared to other methods. More importantly, the company's graphene product can be produced on-site at an industrial scale and competitive prices.

The SDG process is a green, low-cost and low-energy process that produces virtually no emissions. The process is initially sparked from an electrode –– which requires very low energy –– and then relies on reactants to continually power the system. By enabling the energy within the hydrocarbon gases to power the system, the company can keep its energy costs low. The SDG process is also completely chemical and solvent-free resulting in low or net-zero emissions.

The company's graphene product is commercially superior to other graphene products on the market. HydroGraph Clean Power's SDG process produces one to five layers of graphene without impurities compared to conventional methods which produce less than 10 layers of graphene, often with impurities. Given the company's ability to produce high-quality graphene at low costs, HydroGraph Clean Power strongly believes that it will be able to market its graphene product at competitive prices with significant margins.

The company is positioned for strong growth in the near future with the recent commercialization of its graphene detonation chambers. The company plans to use its detonation chambers to develop advances in additive manufacturing, battery technology, conductive inks, industrial manufacturing and other applications.

HydroGraph Clean Power is expected to capitalize on graphene sales in various markets. The company's highly efficient SDG process is capable of producing consistent and customizable graphene for a variety of applications. The compact and modular detonation cylinders also allow the process to be deployed virtually anywhere resulting in significant market opportunities.

In May 2021, the company closed a private placement for gross proceeds of $6,505,000. The private placement was led by PowerOne Capital Markets Limited and Haywood Securities Inc. The funds from the financing round have been allocated towards scaling production of its SDG platform to commercialization, SDG platform automation and research and development focused on synthesizing nanotechnology products.

HydroGraph Clean Power, is led by a highly experienced management team with specialized experience in materials science. The company's technical team took part in the discovery of the detonation method at Kansas State University currently used in the SDG platform to produce graphene. HydroGraph Clean Power is the exclusive owner of the worldwide license from Kansas State University allowing it to produce valuable clean energy and nanotechnology products through their patented detonation process.

Company Highlights

  • HydroGraph Clean Power (CSE:HG) is focused on commercializing its patented, green and cost-effective graphene and hydrogen manufacturing process.
  • HydroGraph Clean Power's patented Synthetic Detonated Graphene (SDG) process is a clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene at an industrial scale.
  • The company's SDG process produces identical batches of 99.8 percent of pure and graphene for a variety of applications. HydroGraph Clean Power's graphene is superior to other options on the market with very few layers and no impurities.
  • The SDG process is completely chemical and solvent-free resulting in low or net-zero emissions.
  • Led by a highly experienced management team with specialized experience in materials science - the company's technical team took part in the discovery of the detonation method currently used in the SDG platform to produce graphene.

Key Product

HydroGraph Synthetic Detonated Graphene Process

The HydroGraph Synthetic Detonated Graphene (SDG) process is a patented clean energy production platform that produces hydrogen gas and the only synthetic detonated graphene. The company's process effectively produces identical batches of 99.8 percent of pure graphene from acetylene and oxygen gas. The SDG process is cost-effective, green, digitally-controlled, customizable, decentralized, consistent and energy-efficient compared to other methods.

HydroGraph Synthetic Detonated Graphene Process

Conventional graphene mass manufacturing involves reducing multilayer graphene from mined graphite feedstock to less than 10 layers of graphene. This conventional method is complex, energy-intensive, expensive and ultimately results in an inferior graphene product with impurities. HydroGraph Clean Power's SDG process produces between one to five layers of graphene which is classified as "very few-layer graphene" with no impurities. The process enables the energy within hydrocarbon gases to also power the system which reduces the energy requirements with virtually no emissions.

The company's graphene detonation chambers have already entered commercialization. Going forward, the company plans to use its detonation chambers to develop advances in additive manufacturing, field technology, conductive inks, industrial manufacturing and other applications. The company's graphene product can be produced on-site at an industrial scale and competitive prices.

Management Team

Harold Davidson - Chief Executive Officer and Founder

Harold Davidson has more than 30 years of tech experience with Fortune 500 technology companies and in executive positions at tech start-ups. He was vice president of marketing at INToo Software Corporation which was the fastest growing and best performing TSX-V tech stock at the time. Davidson is the CEO and a director of Core Workflows Inc. which is a private technology company that provides the underlying technology for Omada. He invented, patented and helped develop a revolutionary new system of engagement (SOE) to provide businesses with a more efficient means of visualizing workflows.

David Morris - President

Dr. David Morris has been a prolific entrepreneur for over 18 years. Morris has built many businesses from the ground up and taken others through the recapitalization and restructuring process. After graduating from the University of Toronto's dentistry program, Dr. Morris founded the Morris Group of Companies. Morris has overseen its growth from a simple partnership to an organization employing more than 200 people with 2020 revenues over $100 million. As president of the Morris Group, Dr. Morris is involved in a wide range of business activities, including land and housing development, the mining sector, employment services and telecommunications.

Logan Anderson - Chief Financial Officer

Logan Anderson is a businessperson who has been an officer and director of numerous different public companies over the past 40 years. He is currently the Chief Financial Officer & Director at International Battery Metals Ltd., Chief Financial Officer, Secretary & Director at Scotch Creek Ventures, Inc., Chief Financial Officer, Secretary & Director at Ovation Science Inc. (Canada) and Chief Financial Officer & Director at InsuraGuest Technologies Inc. and Corporate Secretary of St. James Gold Corp. He is also a current member of Chartered Accountants Australia and New Zealand.

Kjirstin Breure - Chief Operating Officer

Kjirstin Breure has a 10-year background in emerging technologies and portfolio management. She was the director of operations for Frontline Crossings and the director and COO for Macht10. Kjirstin has also worked in investor relations for Omada Technologies. Her interest in technology and passion for problem-solving has led her to work primarily with tech start-ups. Breure graduated Magna Cum Laude from Arizona State University and is currently pursuing a Master's degree in Materials Science and Engineering with a specialization in nanomechanics.

Ranjith Divigalpitiya - Chief Scientific Officer

Dr. Ranjith Divigalpitiya is an adjunct research professor in the department of chemistry at Western University in Canada. He received his Bachelor of Science degree in physics from the University of Sri Jayawardanapura in Sri Lanka. He received his Master of Science degree and Ph.D. degree in solid-state physics from Simar Fraser University in Canada. He was a senior specialist and physicist at 3M Canada for more than 27 years. At 3M Canada, he invented 3M's graphene-like carbon coatings and contributed to 190 invention submissions and 20 granted US patents. He has authored more than 33 peer-reviewed papers in various areas of research, including digital x-ray imaging, electrically conducting adhesives, air and water purification, battery materials and nanoscale coatings.

Chris Sorensen - Technical Team Leader

Dr. Chris Sorensen is the Cortelyou-Rust University distinguished professor in the departments of physics and chemistry (adjunct) at Kansas State University. He received his Bachelor of Science in physics from the University of Nebraska. He received his Ph.D. from the University of Colorado. Sorensen also served in Vietnam. His areas of interest are particulate systems, light scattering and soft matter. He has nearly 300 publications and seven patents. He is a fellow of the American Physical Society, the American Association for the Advancement of Science and the American Association for Aerosol Research.

Stefan Bossmann - Lead Chemist

Dr. Stefan Bossmann is a distinguished professor in the department of chemistry at Kansas State University. He received his Bachelor of Science and Ph.D. in chemistry from the University of Saarland in Germany. He was a postdoctoral research associate at Columbia University from 1991 to 1993. He was then an assistant professor and subsequently an associate professor in the department of chemical and process engineering at the University of Karlsruhe in Germany. Bossmann received his Ph.D. in chemical and process engineering at the University of Karlsruhe. His areas of interest are organic and inorganic synthesis, nanoparticulate systems and soft matter. He has more than 200 publications and 14 patents.

Arjun Nepal - Lead Researcher

Dr. Arjun Nepal is an assistant research professor in the department of physics at Kansas State University. He received his Masters of Science in physics from the Tribhuvan University in Nepal and the University of Minnesota Duluth. He received his Ph.D. in physics from Kansas State University. He has managed research and development for the KSU/C-2D detonation method to produce graphene since 2017. He led the project to successfully produce graphene at the rate of 1 kilogram per day.

nuclear reactors in sunset

Carbon Capture and Storage: Basic Facts for Investors

As world leaders continue to share net zero carbon emissions pledges and make efforts to implement green energy transitions, technology is expected to play a key role.

In recent years, carbon capture and storage has emerged as a way to potentially reduce carbon emissions. The process works by capturing and storing carbon dioxide (CO2) before it is released into the atmosphere.

This technology can capture up to 90 percent of CO2 released by burning fossil fuels for electricity generation and industrial processes such as cement production.

Keep reading... Show less

Top News

Related News