October 24, 2016 – Munich based clean-tech startup Electrochaea and Hungarian utility MVM establish power-to-gas joint venture
World’s first grid-scale power-to-gas plant developed in Hungary
Munich/Budapest, October 24, 2016 – The Hungarian utility MVM (Magyar Villamos Művek) and Munich-based clean-tech startup Electrochaea GmbH are building the world’s first grid-scale power-to-gas plant together, which has a power consumption of up to 10 megawatts. The plant will be located in Hungary. For this purpose, Electrochaea and the MVM Group-related research and development incubator Smart Future Lab Plc founded the company Power-to-Gas Hungary Ltd (PtG Hungary Ltd). The contracts were signed in Budapest on October 17.