press release: EU Innovation Council Invests €17.5 Million in Electrochaea’s Power-to-Methane Technology

Planegg, August 6, 2020 – Electrochaea receives funding from the European Innovation Council (EIC), confirming that their market-ready innovations make an important contribution to the goals of the European Green Deal and the UN agenda for sustainable development. Electrochaea specializes in biological methanation. Microorganisms in bioreactors convert CO2 and hydrogen into biomethane. Electricity from renewable energy sources used for this process can be stored as “green gas” at low cost and in the long term. For the scaling up of this technology and construction of the first standard 10-megawatt (MWe) plant, Electrochaea is now receiving an EU grant of 2.5 million Euro and an equity investment of 15 million Euro.

 

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