Power-to-Gas Hungary is an innovative startup company focusing on the development and commercialization of a disruptive and scalable technology aimed at efficiently converting carbon dioxide into methane, the principal component of natural gas. This technology utilizes electricity, carbon dioxide, and water as inputs to produce pipeline-grade renewable natural gas for direct injection into the existing natural gas infrastructure.
The company's game-changing technology, labeled as "Power-to-Gas," essentially reverses the uni-directional link between electricity and gas markets, allowing for arbitrage between electricity and gas prices with unparalleled flexibility. The bi-directional linking of power and gas grids eliminates the time dependency of electricity generation and enhances the versatility of renewable electricity by making it available as transportation fuel and for thermal applications.
At the core of this innovation lies a proprietary biological catalyst—an evolved methanogenic archaea—which efficiently catalyzes the conversion of electrical energy and carbon dioxide into methane. Notably, the technology boasts key technical advantages such as efficiency, robustness, responsiveness, scalability, and productivity.
Founded in 2016, this groundbreaking venture operates within the industries of Energy, Renewable Energy, and Oil and Gas. In December 2017, the company secured a significant €1.58M Seed Round investment from Hiventures, reaffirming investor confidence in the potential of Power-to-Gas Hungary's innovative solution.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round - Power-to | €1.58M | 1 |
|
20 Dec 2017 |
| Pre Seed Round - Power-to | €148.00K | 1 | Smart Future Lab | 31 Oct 2016 |
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