€24m investment in Elcogen to drive forward SOFC technology

Elcogen announced today (May 9) that it has received a €24m ($25.25m) investment to aid the expansion of its capabilities to produce green hydrogen, using its reversible solid oxide fuel cell (SOFC) technology, from HydrogenOne Capital Growth Plc (HydrogenOne).

The investment is set to allow Elcogen to drive forward its expansion of facilities in Tallinn, Estonia, to create an automated production line for SOFCs, initially scaled at 25MW per year.

It’s understood this would rise to 50MW per year, equivalent to 100MW – 200MW in electrolysis mode.

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