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.
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