{"id":42633,"date":"2019-03-29T18:57:01","date_gmt":"2019-03-29T16:57:01","guid":{"rendered":"https:\/\/newserver.fyb.de\/goerg-advises-electrochaea-on-further-financing-round\/"},"modified":"2019-03-29T18:57:01","modified_gmt":"2019-03-29T16:57:01","slug":"goerg-advises-electrochaea-on-further-financing-round","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/goerg-advises-electrochaea-on-further-financing-round\/","title":{"rendered":"G\u00d6RG advises Electrochaea on further financing round"},"content":{"rendered":"

Paris\/Munich (ener\u00adgate) \u2014 The power-to-gas plant manu\u00adfac\u00adtu\u00adrer Elec\u00adtro\u00adchaea<\/strong> has raised further growth capi\u00adtal via a finan\u00adcing round. The gas storage opera\u00adtor Storengy<\/strong> has joined as a new inves\u00adtor<\/strong>. Accor\u00adding to Storengy, the move is inten\u00added to posi\u00adtion the company in a growth market. The compa\u00adnies did not disc\u00adlose the amount of the invest\u00adment. Eletro\u00adchae\u00ada\u2019s exis\u00adting inves\u00adtors, inclu\u00adding the deve\u00adlo\u00adp\u00adment bank KFW<\/strong> and venture capi\u00adta\u00adlists Munich Venture <\/strong>and B\u2011to\u2011V Part\u00adners,<\/strong> Caliza <\/strong>and Focus First <\/strong>also parti\u00adci\u00adpa\u00adted in this finan\u00adcing round. In paral\u00adlel, Storengy and Elec\u00adtro\u00adchaea announ\u00adced their inten\u00adtion to jointly imple\u00adment commer\u00adcial projects in Europe and North America based on the deve\u00adlo\u00adped power-to-gas tech\u00adno\u00adlogy. They did not give details.<\/p>\n

Advi\u00adsor Elec\u00adtro\u00adchaea: G\u00d6RG<\/strong> Part\u00adner\u00adship of attor\u00adneys mbB<\/strong>
\nG\u00d6RG Part\u00adner\u00adschaft von Rechts\u00adan\u00adw\u00e4l\u00adten mbB, under the lead of Dr. Chris\u00adtian Glauer, advi\u00adsed Elec\u00adtro\u00adchaea GmbH on another finan\u00adcing round.
\nDr. Chris\u00adtian Glauer, Asso\u00adciate Part\u00adner, M&A\/Corporate Law, Munich
\nDr. Bernt Paudtke, Part\u00adner, M&A\/Corporate Law, Munich
\nDr. Chris\u00adtian B\u00fcrger, Part\u00adner, Anti\u00adtrust Law, Cologne
\nTobias Reichen\u00adber\u00adger, Asso\u00adciate, M&A\/Corporate Law, Munich<\/p>\n

Consul\u00adtant STORENGY
\nBaker & McKen\u00adzie Part\u00adner\u00adship of Lawy\u00aders and Tax Consul\u00adtants mbB
\nHolger Engel\u00adkamp B.Sc. LL.M., M&A\/Corporate, Berlin<\/p>\n

About Elec\u00adtro\u00adchaea<\/strong>
\nBased on bioca\u00adta\u00adly\u00adsis, Elec\u00adtro\u00adchaea offers an inter\u00adna\u00adtio\u00adnally paten\u00adted key power-to-gas tech\u00adno\u00adlogy (photo)<\/strong>. It recy\u00adcles CO2 cost-effec\u00adtively while produ\u00adcing storable and versa\u00adtile rene\u00adwa\u00adble natu\u00adral gas from rene\u00adwa\u00adble elec\u00adtri\u00adcal energy. The first large-scale plant is successfully in opera\u00adtion in Denmark. By 2025, plants with a capa\u00adcity of more than one giga\u00adwatt are to be built.<\/p>\n

With its unique biore\u00adac\u00adtor, Elec\u00adtro\u00adchae\u00ada\u2019s tech\u00adno\u00adlogy offers a solu\u00adtion for energy storage, carbon dioxide (CO2) reco\u00advery and rene\u00adwa\u00adble fuel produc\u00adtion in the form of synthe\u00adtic methane. The unique feature of Elec\u00adtro\u00adchaea tech\u00adno\u00adlogy is its proprie\u00adtary reac\u00adtor and paten\u00adted cata\u00adlyst, which consists of an excep\u00adtio\u00adnally effi\u00adci\u00adent and robust strain of Archaea* that converts green elec\u00adtri\u00adcity into methane along with CO2 and hydro\u00adgen. The func\u00adtion\u00ada\u00adlity was tested and further deve\u00adlo\u00adped in the worl\u00add\u2019s first and largest biome\u00adtha\u00adna\u00adtion plant near Copen\u00adha\u00adgen, Denmark. The bene\u00adfits of biolo\u00adgi\u00adcal metha\u00adna\u00adtion are impres\u00adsive; it enables long-term energy storage, decar\u00adbo\u00adniza\u00adtion of the gas grid and gas use (inclu\u00adding indus\u00adtry and mobi\u00adlity), and enables inde\u00adpen\u00addence from fossil fuels.<\/p>\n

About STORENGY<\/strong>
\nStorengy, a wholly owned subsi\u00addiary of ENGIE, is a leading global provi\u00adder of natu\u00adral gas under\u00adground storage. Thanks to its 60 years of expe\u00adri\u00adence, Storengy designs, deve\u00adlops and opera\u00adtes gas storage faci\u00adli\u00adties and offers its custo\u00admers inno\u00adva\u00adtive products deve\u00adlo\u00adped on the basis of long expe\u00adri\u00adence and relia\u00adble tech\u00adno\u00adlogy. The company opera\u00adtes natu\u00adral gas storage faci\u00adli\u00adties with a volume of 12.2 billion cubic meters. Buil\u00adding on its globally reco\u00adgni\u00adzed exper\u00adtise and opera\u00adtor and dealer expe\u00adri\u00adence in storage capa\u00adcity in Germany, the UK and France, Storengy is posi\u00adtio\u00adning itself as a market leader, parti\u00adcu\u00adlarly in the areas of geother\u00admal energy deve\u00adlo\u00adp\u00adment (heating, cooling and power gene\u00adra\u00adtion) and inno\u00adva\u00adtive energy supply. Solu\u00adti\u00adons for the produc\u00adtion and storage of envi\u00adron\u00admen\u00adtally friendly rene\u00adwa\u00adble ener\u00adgies (biome\u00adthane, hydro\u00adgen, power-to-gas, synthe\u00adtic methane, .\u2026). Storengy makes its know-how available to its custo\u00admers around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"

Paris\/Munich (ener\u00adgate) \u2014 The power-to-gas plant manu\u00adfac\u00adtu\u00adrer Elec\u00adtro\u00adchaea has raised further growth capi\u00adtal via a finan\u00adcing round. The gas storage opera\u00adtor Storengy has joined as a new inves\u00adtor. Accor\u00adding to Storengy, the move is inten\u00added to posi\u00adtion the company in a growth market. The compa\u00adnies did not disc\u00adlose the amount of the invest\u00adment. Eletro\u00adchae\u00ada\u2019s existing [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-deals-news-en"],"yoast_head":"\nG\u00d6RG advises Electrochaea on further financing round - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/goerg-advises-electrochaea-on-further-financing-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"G\u00d6RG advises Electrochaea on further financing round - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Paris\/Munich (ener\u00adgate) \u2014 The power-to-gas plant manu\u00adfac\u00adtu\u00adrer Elec\u00adtro\u00adchaea has raised further growth capi\u00adtal via a finan\u00adcing round. The gas storage opera\u00adtor Storengy has joined as a new inves\u00adtor. Accor\u00adding to Storengy, the move is inten\u00added to posi\u00adtion the company in a growth market. The compa\u00adnies did not disc\u00adlose the amount of the invest\u00adment. 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