Elcogen AS

Elcogen AS

Solid oxide fuel cell and electrolyser manufacturer with presence in Estonia and Finland

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Investment size
£20m
Date announced
May 2022
Co-investors
Biofuel OÜ, VNTM Powerfund II, Baker Hughes, HD Hyundai Group
Category
Supply chain
Why invested

  • Industry-leading innovator and supplier of solid oxide cells and stacks, with manufacturing facilities in Finland and Estonia, ready for expansion 
  • Over 60 industrial customers worldwide, and > 10 year track record 
  • High-end offering based on advanced solid oxide technology with low operating temperatures and superior economics 
  • Developed a reversible ceramic technology that converts hydrogen into emission-free electricity and vice versa 
Visit Elcogen website