Electrochaea is developing a disruptive energy storage technology known as power-to-gas for the conversion of low-cost and stranded electricity into pipeline-grade renewable gas (biomethane) for direct injection into the existing natural gas grid.
- Invested amount
EUR 14 975 000
- Press Release
"Equity support from the EIC Fund will have a significant impact on Electrochaea’s ability to deliver renewable gas to customers throughout Europe and the world. Technologies that can deliver on net-zero greenhouse emission goals need to be scaled up and brought to the market without delay. Electrochaea´s biomethanation technology, which has been proven in two demonstration plants, one in Denmark and one in Switzerland, is an ideal solution to replace fossil gas with fully renewable gas and to participate in the energy transition."
Mich Hein, CEO