European Innovation Council Fund, a private equity firm, led a €15m funding round in Electrochaea, a renewable energy equipment manufacturer. “We are proud to be one of the few selected funding recipients of the EIC. For us, this funding commitment is also a crucial strategic statement. In its rationale, the European Innovation Council confirms for the first time and in all clarity that Europe needs sustainable storage solutions for renewable energy sources and that green gas is indispensable for a sustainable, reliable and comprehensive energy supply," Doris Hafenbradl, Electrochaea CTO.