We have established Power-to-Gas Hungary Kft. today aiming to develop commercially viable and disruptive solutions for utility-scale energy storage, grid balancing, and carbon reuse.
Our proprietary process converts low-cost and stranded electricity and carbon dioxide into pipeline-grade renewable gas for direct injection into the existing natural gas grid, a conversion process known as “power-to-gas”. The core of our power-to-gas system is a selectively evolved microorganism –a methanogenic archaea– that excels through unprecedented catalytic ability and industrial robustness. The technical advantages of this biocatalyst enable our technology to operate at lower capital and operating costs and with greater flexibility than conventional thermochemical methanation processes.
Upon establishment of the company, MVM Group / Smart Future Lab Zrt has provided seed capital in order to finance the 'Prototype Planning Phase', the second phase of the business plan of Power-to-Gas Hungary Kft.