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