Periodic Reporting for period 1 - ElectroGas (New Technology for Efficient Electrochemical Production of Synthetic Natural Gas)
Reporting period: 2019-06-01 to 2019-11-30
This incapacity to consume large amounts of excess electricity has been one of the biggest obstacles to high penetration of renewable energy systems, such as wind power.
Our CEO, José Campos Rodrigues, Electrical and Nuclear Engineer, has invented, patented and demonstrated a new technology for efficient electrochemical production of synthetic natural gas. This is considered a great energy storage due to rising prices for natural gas and the dependency from imports, and as energy carrier offers the advantages to be easily stored, transported and back-converted into energy. The European Patented Electrogas is a system that can be scaled from 1kW up to 1MW of power and will generate SNG using available non-dispatchable electricity.
Conventional techniques to produce SNG require high temperatures and pressures. The capacity of Electrogas to produce synthetic gas at low temperature and pressure is revolutionary for its technical and economic feasibility. Our consolidated market segments will exceed 5 billion € in 2020 (2 digits annual growth rate), including Synthetic Fuels, the Electricity storage market, grid management systems, Islands and other isolated systems and micro-grids.
We used the project to prepare stategic documents to use in the process to raise a Seed Round of Venture Capital (1M€) that will allow us to implement our first 1MW unit in real life conditions. We have begun negotiations with 3 international energy companies which have VC departments and are interested in our technology.
The main advantage of our proposed technology compared to other Power-to-Gas solutions available or under development is that does not require a CO2 autonomous source. The CO2 is locally produced through the oxidation of bio-coal (biomass) electrodes. Furthermore, this solution offers a valorisation of the oxygen produced by electrolysis. We have run several simulations on CAPEX and OPEX costs for variable number of operating hours and economies of scale. With Electrogas, SNG production is becomes price attractive, flexibly located, with no environment drawbacks and a short lead time to be implemented. The technology is scalable, ranging from the kW to MW power.