MagneGas Corporation forms a subsidiary joint venture with a confidential party. Supplemental Energy Solutions LLC was formed between MagneGas Corporation and a confidential partner from the United States on January 16, 2014 to pursue coal co-combustion solutions in electric power utility companies. On October 7, 2013, the company signed a Memorandum of Understanding with a confidential U.S. partner to form a Joint Venture to pursue the use of MagneGas in the reduction of hydrocarbon emissions for the coal power industry in the United States and Canada.

The first phase of the agreement includes testing of MagneGas with a major utility research center in the U.S., approved by the Environmental Protection Agency. Preliminary internal testing being performed on a larger combustion unit is being observed by the major utility research center and is progressing positively. The 20% Carbon Dioxide reduction and other emission improvements seen in Sydney, Australia and at the MagneGas headquarters in Florida are being replicated consistently.

The company believes these results may offer power companies and other industries a significant value.