January 7, 2022 – press release: Growth-Stage Power-to-Gas Company Electrochaea Closes Series D Financing Round

Munich, Germany, January 7, 2022 – Power-to-gas company Electrochaea announced today a €14.9 million equity investment from the European Innovation Council (EIC) Fund. This investment completes the €36 million Series D round, led by the energy technology company Baker Hughes and existing partners MVP, Storengy (an ENGIE subsidiary), btov, KfW, Energie 360°, Caliza, and Focus First, which was announced last year (06-29-21 Press Release). The purpose of this investment round is to accelerate the scale up and commercialization of Electrochaea’s technology that produces a replacement for fossil natural gas while storing renewable energy and reusing CO2 […]


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