MVM, Electrochaea to build 10 MW power-to-gas plant

Energy Trade

wikimedia commons

The state-owned Hungarian Electricity Works (MVM) has announced the establishment of a joint venture with German startup Electrochaea to build a grid-scale power-to-gas plant, Hungarian news agency MTI reported today.

The 10 MW plant, to be built in Hungary, uses a power-to-gas technology developed by Electrochaea. Power-to-gas is a technology that converts electrical power to a gas fuel.

Electrochaea employs a patented biocatalyst to convert low-cost and stranded electricity and carbon dioxide into pipeline-grade renewable gas. This gas can be directly injected into the existing natural gas grid. 

Contracts on establishing the JV, named Power-to-Gas Hungary, were signed on October 17.

ADVERTISEMENT

Czech economic confidence weakens in September Analysis

Czech economic confidence weakens in September

Parl't extends pandemic legal provisions Parliament

Parl't extends pandemic legal provisions

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.