EU Innovation Council invests €17.5 Million in Electrochaea’s Power-to-Methane technology

Electrochaea ́s power-to-gas technology 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.
Based on biocatalysis, Electrochaea offers a multiple nationally and internationally patented key power-to-gas technology, which cost-effectively recycles CO2 and at the same time produces CO2-neutral methane from excess electrical energy that can be stored and used as required.

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In total, more than 2,000 European companies applied for the “EIC Accelerator” pilot program. Electrochaea is one of only 64 selected start-ups and medium-sized companies supported bythe Councilwith their projects. The EIC Accelerator program is part of the EU research and innovation program”Horizon2020″. It is aimed at entrepreneurs and SMEs that can apply for grants or mixed financing from grants and equity support. Since this year, around €300 million are available for submissions that promote the European Green Deal. Electrochaea fulfils this requirement in three ways: the long-term storage of renewable energy, production of biomethane, and reduction of the carbon footprint by using CO2 emitted by various industrial sources.

“We are proud to be one of the few selected funding recipients of the EIC. For us, this funding commitment is also a crucial strategic statement,” explains Dr. Doris Hafenbradl, CTO of Electrochaea. “In its rationale, the European Innovation Council confirms for the first time and in all clarity that Europe needs sustainable storage solutions for renewable energy sources and that green gas is indispensable for a sustainable, reliable and comprehensive energy supply”.

The EU funds will be used for the so-called scale-up, the development of the technology from existing pilot plants to commercially scaled plants. With the equity investment, Electrochaea will construct a fully operational 10 to 20 MW plant. The outcome is that customers will benefit: by scaling up and building a sample plant, the risk for commercial projects will be minimized and Electrochaea will be able to offer reliable and highly efficient standardized plants. “The additional financial resources will help us to apply the potential of biological methanation even faster on a commercial scale,” says Hafenbradl. “The European Innovation Council explicitly recognizes the expertise, diversity and motivation of our team as important factors in our success story in constructing industrial pilot plants and forming strategic partnerships with key players”.

Harald Beschid (COO), Doris Hafenbradl (CTO and Managing Director) and Birgit Lewandowski (Director Development) of Electrochaea are pleased about the investment of the European Innovation Council and consider it as a strong political signal. (© Electrochaea GmbH, 2020)


Electrochaea: start of the first scalable biomethanisation plant in the USA

SoCalGas and Electrochaea announce commissioning

of new biomethanation reactor system

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Southern California Gas Co. (SoCalGas) and Electrochaea today announced the commissioning of the nation’s first scalable biomethanation reactor system at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) Energy System Integration Facility in Golden, Colo.  The technology uses renewable electricity to convert hydrogen into pipeline quality methane for use in homes, businesses and in transportation.  Over the next 24 months, the project will assess the commercial viability of this power-to-gas approach to energy storage and decarbonization and provide insights into potential mega-watt scale system designs.
The project in Colorado builds upon and advances research previously conducted by Electrochaea. The reactor system operates at a 50 to 60 percent efficiency.  For every 10 kilowatts-hour of power received by the water electrolysis model, the equivalent of 5 to 6 kilowatts-hour of methane is created by the microbes.

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innogy Innovation Hub invests in GreenCom

GreenCom Networks, the Munich-based leader in home energy management solutions, has announced that innogy Innovation Hub, the Venture Capital Arm of innogy SE, a leading German energy company, has become an investor. innogy SE supplies energy to around 22 million customers across Europe.

Christian Feisst, CEO of GreenCom Networks said: “innogy Innovation Hub and GreenCom Networks share a common vision and goals, making this investment a logical next step for both parties. We both believe in the same emerging business model: the customer will be the asset of the future. It is all about services around the customer.”

Patrick Elftmann, investment partner at innogy Innovation Hub, said: “We’ve been working closely with GreenCom Networks since 2017 and are delighted to deepen our collaboration with this investment to support their future growth. GreenCom’s innovative products and services, focusing on home energy management, have an important role to play in the power business in Europe and beyond. Christian and his team have an exceptional understanding of future energy business models and developed state-of-the-art technology to support a consumer-driven, connected and low carbon powered future.

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GreenCom Network's time to shine

GreenCom Networks acquires

home energy management start-up shine

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MVP portfolio company GreenCom Networks is acquiring shine, founded by the innogy Innovation Hub. shine made its name by building up energy management services for residential customers. The start-up already utilizes GreenCom’s Energy Information Brokerage Platform and has expanded GreenCom’s services with an array of services including shine energy check, shineSmart, and shineHub.

GreenCom will integrate shine’s end-customer base and services into its energy IoT platform. This will allow GreenCom to offer end-to-end services on top of its technology platform, which allows integration of solar PV, batteries, heat pumps or electric vehicles from various manufacturers. GreenCom plans to demonstrate disruptive services for residential customers that go beyond today’s flat-rate or energy community offerings in the market. Those lessons will be used to support GreenCom’s utility partners and device manufacturers to speed up the transition towards a future energy world.

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GreenCom secures investment by Centrica

Home Energy IoT provider Greencom Networks closes

fundraising round with Centrica Innovations

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GreenCom Networks has successfully closed a significant fundraising round led by international energy and service company Centrica. The current shareholders SET Ventures, Munich Venture Partners and Cosmos were also participating in this round. The funding will be used to finance a further international expansion of GreenCom’s Energy Internet of Things (IoT) platform in the European market.

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Shell acquires battery start-up sonnen

Shell agrees to acquire sonnen, expanding its offering

of residential smart energy storage and energy services

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Shell New Energy has agreed to acquire 100% of sonnen, a leader in smart energy storage systems and innovative energy services for households. This follows an investment by Shell in May 2018 and means that post regulatory approval and completion sonnen will become a wholly owned subsidiary of Shel

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