HydrogenOne to invest in Elcogen

Elcogen supplies the core technology that sits at the heart of energy security and transition away from fossil fuels. This investment will allow for the company to significantly drive forward its plans, strategy and vision to provide affordable green hydrogen for everyone, and progress towards net zero. Specifically, the investment will:

• Fund the expansion of Elcogen’s facilities in Tallinn, Estonia, to create a new, automated production line for solid oxide fuel cells, initially scaled at 25 MW/yr, rising to 50 MW/yr (equivalent to 100 – 200 MW in electrolysis mode).
• Enable the company to further invest in research and development to continue progressing solid oxide technology and fuel cells.
• Support a strategic recruitment drive and retain Elcogen’s diverse pool of talent.
• Promote the company effectively and fund marketing materials to enable Elcogen to further grow its customer base.
• Enable Elcogen to scale up its proposition and expand its number of customers.

Elcogen manufactures core components for solid oxide systems, cells and stacks, that enable customers to produce green hydrogen. Solid oxide fuel cells and electrolysers run at high temperatures with an efficiency of greater than 80%, setting them apart from alternative solutions. Elcogen’s core technology is further distinguished by its ability to operate at a lower temperature than its competitors, improving degradation, and benefitting project economics. Solid oxide technology is also reversible, allowing for the production of emission-free electricity and green hydrogen in one integrated system.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/09052022/hydrogenone-to-invest-in-elcogen/