Global Trade Alert
Global Trade Alert

Germany: European Innovation Fund invests EUR 14.9 million in power-to-gas company Electrochaea

Announcement

07 Jan 2022

In January 2022, the European Innovation Council (EIC) pilot fund granted EUR 14.9 million to German company Electrochaea GmbH to promote the commercialization of the company's technology.

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

07 Jan 2022

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

On 7 January 2022, the European Innovation Council (EIC) pilot fund granted a EUR 14.9 million (approx. USD 16.9 million) capital injection to Electrochaea, a German power-to-gas company. The funds wi...

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