Electrochaea GmbH, a leading European provider of renewable methane technology, announced today that it has established a Sacramento-based U.S. subsidiary, Electrochaea Corporation, to accelerate the commercial roll-out of its technology in North America.
Electrochaea’s technology is a solution to store renewable electricity and recycle CO2 in the form of renewable methane by using an ancient microorganisms, called archaea, as a biocatalyst to convert hydrogen and carbon dioxide into grid-quality methane. The technology was developed by Prof. Laurens Mets at the University of Chicago. The biological process is extremely robust, efficient and reliable.
Unneeded electricity is stored in the form of renewable methane and can then be used for electricity generation when other renewable sources are currently unavailable or during peak demand.
“This is a transformative time in the U.S. energy market. The critical needs for both new climate solutions and new areas of economic development are increasingly urgent, while new renewable energy solutions are gaining traction,” said Mich Hein, CEO of Electrochaea. “We’re optimistic about the growing potential for our renewable methane to promote use of renewable electricity, and we look forward to deepening our collaborations with U.S. partners to accelerate its commercialization.”
“Electrochaea has presented us with an innovative technology to investigate at an important time,” said Martin Keller, Laboratory Director at NREL. “We appreciate the opportunity to collaborate with a partner who has experience and know-how in the field of biological methanation. We anticipate a huge potential for scale in the U.S. market as we seek to diversify the gas grid, which is the backbone of the U.S. energy storage network.”
The business development activities of the U.S. subsidiary will focus on development and execution of commercial opportunities and partnerships in the United States, Canada and Mexico. Electrochaea’s headquarters, with laboratories, engineering and business functions, will remain in Munich.
Source: Electrochaea |
www.electrochaea.com
Image: Electrochaea |
www.electrochaea.com
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