Methanology relies on crowd financing
Methanology has developed a prototype for the scalable production of renewable methanol. The young company from Schaffhausen has now launched a swarm financing campaign to further develop the prototype.
Methanology has developed a process with which methanol can be produced from water, CO2 and renewable electricity, explains Methanology in a press release. With the patented willpower energy technology, excess energy from renewable sources can be stored in the form of methanol. Alcohol, which is toxic to humans, is suitable as fuel for machines or as a substitute for heating oil. The young company from Neuhausen am Rheinfall wants to contribute to the energy transition with its technology.
A prototype of the willpower energy reactor developed by Methanology can be found as a single system in most basement rooms, the start-up writes in the press release. Its modular and scalable design also enables the production of larger quantities of methanol, such as would be necessary for the operation of a ship, for example. Methanology aims to bring its technology to market maturity within three years. For the appropriate development of the prototypes, the young company now has a campaign for swarm financing launched.