Power-to-gas joint venture in Hungary
The representative of MVM is a spin-off incubator Smart Future Lab Plc, which is connected to research and development. The contracts were signed on October 17 in Budapest.
Some information about methodology of gas production: “The facility employs a power-to-gas technology based on biological methanation that is world unique and was developed by Electrochaea. A proprietary biocatalyst converts low-cost and stranded electricity from renewable energy sources and carbon dioxide into pipeline-grade renewable gas. The core of the system is a selectively evolved microorganism – a methanogenic archaea. The produced biomethane can be stored and directly injected into the existing natural gas grid”.
As Zsolt Bertalan, the CEO of the MVM subsidiary Smart Future Lab Plc said: “Electrochaea has found a way to solve the problem of storing renewable energy whilst at the same time contributing to the permanent reduction of climate-damaging carbon dioxide. The potential of this disruptive technology is enormous. We are always on the search for such innovative solutions for a safe, clean, reliable and affordable energy supply for today and in the future”.