MOU with Korea Shipbuilding and Offshore Engineering and Fraunhofer Institute for Ceramic Technologies and Systems

Tallinn, Estonia, January 9, 2023: Elcogen, the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the signing of a Memorandum of Understanding (“the MOU”) with Korea Shipbuilding and Offshore Engineering (KSOE), a member of Hyundai Heavy Industries Group (“HHI Group”), and the Germany based Fraunhofer Institute for Ceramic Technologies and Systems (IKTS). The MOU was signed at recently held CES 2023 in Las Vegas.

Board Update

Tallinn, Estonia: Elcogen Group Plc, the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the appointment of Markus Holm as CFO of Elcogen Group and an executive member of the Board of Directors. He is replacing Henri Kaar who has decided to step down from his roles with the Company.

Elcogen receives €24 million investment from HydrogenOne

Tallinn, Estonia: Elcogen AS (“Elcogen” or “the Company), the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce completion of EUR 24m (£20m) investment from HydrogenOne Capital Growth plc (“HydrogenOne”) to help expand its capabilities in enabling the production of green hydrogen using its reversible solid oxide cell technology.

Elcogen wins Good Work Environment 2021 Award

Elcogen, a leading European solid oxide fuel cell manufacturer headquartered in Estonia, is delighted to announce that it has been named winner of the prestigious Good Work Environment 2021 Award, in the small business category, by the Labour Inspectorate.