6 questions to Electrochaea GmbH – SET Award Finalist 2017

Finalist of the Cleantech against Climate Change category Electrochaea converts electrical power into chemi­cal energy in methane: “Power to Gas”. This process allows arbitrage between electricity and gas prices with the greatest possible flexibility to maximize value creation in each side of the market at any point in time. The technology offers a solution to the pressing problems of excess electrici­ty, lack of green fuels, supply-demand imbalances and need for grid de-con­gestion beyond software solutions. Find out more about this smart start-up here: http://www.electrochaea.com/

 

Tell us the story behind your project/company?

Electrochaea GmbH is a start-up company, based in Planegg, Germany, that has developed a disruptive grid-scale energy storage technology. The process uses a simple and robust bio-catalytic methanation system that is scalable over a broad range of conversion and storage applications. In contrast to start-ups that migrate their headquarters across the Atlantic Ocean looking to conquer the U.S. market; Electrochaea migrated from the U.S.A. to Germany in 2014! This move was driven by the availability of venture capital for cleantech and the strong market signals for renewable energy in Europe.

 

What makes you passionate about your project?

Our offering allows long-term storage of intermittent renewable power and, at the same time, makes this power available for other sectors like transportation and heating enabling other sectors to reach their decarbonization goals.

 

What in the energy, sustainability, and start-up world keeps you up at night?

Large amounts of intermittent renewable energy and the capital invested for its production are not being put to best use for decarbonizing the global economy. The broad international consensus for reducing CO2 emissions is at risk of missing critical milestones not because of a lack of available solutions but because it is difficult to change regulatory regimes are inhibiting capital flows into novel solutions.

 

Tell us what happened after your project/company was selected to be a finalist at SET2017.

Large amounts of intermittent renewable energy and the capital invested for its production are not being put to best use for decarbonizing the global economy. The broad international consensus for reducing CO2 emissions is at risk of missing critical milestones not because of a lack of available solutions but because it is difficult to change regulatory regimes are inhibiting capital flows into novel solutions.

 

What stands out for you when you remember SET2017?

We were deeply impressed with the mission and personal commitment of grass root innovators from developing countries who clearly showed a dedication to make a difference to their local community and spread their ideas and enthusiasm around the globe.

 

Has SET17 supported your project and/or company, and how?

Following up on the SET17 we were given the chance to pitch our company at the dena Jahreskongress recently, another great opportunity to reach out to relevant stakeholders.

Related articles

Creating Circularity: How Cling Systems is Leading the Charge in Battery Recycling Innovation

Discover how Cling Systems is leading battery recycling innovation with their award-winning platform. Learn about their comprehensive approach to battery data management, recycling, and material recovery, and how they are transforming the clean energy sector.

Electrifying African Transportation with Roam

Electrifying African Transportation with Roam: A Deep Dive into SET Award Winner’s Impact and Challenges

Discover how Roam is leading the electrification of transportation in Nairobi and Sub-Saharan Africa, overcoming financial and infrastructural challenges, and aligning with global climate goals. Explore the innovative approaches of Roam and sister startups like Blitz Electric Mobility, Epic Charging, and Deftpower in revolutionizing mobility for a sustainable future.

SolCold and How Its Self-Cooling Technology Will Change How We Build Things

From Cooling Buildings to Brewing Beer: SolCold and How Its Self-Cooling Tech Will Change How We Build Things

Explore the groundbreaking advancements in self-cooling technology with SolCold, a leading innovator in the clean energy sector. Learn about their sustainable coating solution that harnesses sunlight to reduce interior temperatures without electricity consumption. Discover the challenges and triumphs behind SolCold’s journey to revolutionize the buildings & construction sector and drive global energy efficiency. Dive into the fascinating world of climate tech innovation and its impact on our sustainable future.