UChicago licensee Electrochaea, named one of the 100 Global Cleantech companies in 2014, uses electricity generated by the sun or wind to convert water and carbon dioxide, a greenhouse gas, into methane, the chief ingredient of natural gas. Electrochaea’s technology developed by Laurens Mets, PhD and UChicago allows storage of renewable energy as natural gas, making it a more attractive energy option and providing the potential for European countries to reduce dependence on foreign sources of natural gas.
Stats:
- Principal Investigator – Laurens Mets
- Deal Date – 2010
- Current Status – Venture backed, building commercial scale facility in Denmark
- Industry – Clean Tech
- Learn more about Electrochaea in this press release