Power-to-Gas Hungary
Renewables & Environment - Chicago, Illinois, United States
Power-to-Gas Hungary Employees
Power-to-Gas Hungary Details
Power-to-Gas Hungary Kft. is an innovative start-up company developing and commercializing a disruptive and scalable technology to efficiently convert carbon dioxide into methane, the principal component of natural gas. Using electricity, carbon dioxide, and water as process inputs, Power-to-Gas Hungary Kft. will produce pipeline-grade renewable natural gas for direct injection into the existing natural gas infrastructure.Our technology fundamentally changes the way utilities unlock value in the energy markets. To date, the electricity and gas markets have been linked uni-directionally: from gas to power. Our game-changing technology reverses this energy flow, to convert 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. By linking the power and gas grids bi-directionally, our process eliminates the time dependency of electricity generation. In addition, we increase the versatility of renewable electricity by making it available as transportation fuel and for thermal applications and efficient transmission over large distances using the existing gas infrastructure. The core of our innovation is based on a proprietary biological catalyst, a selectively evolved – but not genetically modified – methanogenic archaea, which catalyzes the efficient conversion of electrical energy and carbon dioxide into methane. Key technical advantages include efficiency, robustness, responsiveness, scalability, and productivity.
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