The €24.9 million grant will support Elcogen’s next phase in scaling up its manufacturing capacity of solid oxide electrolyser cell (“SOEC”) and solid oxide fuel cell (“SOFC”) cells and stacks in Estonia to support the energy transition and efficient production of green hydrogen.
Elcogen partners with AVL to develop cutting-edge megawatt scale solid oxide electrolyser stack modules.
On June 18th, the cornerstone for Elcogen’s new factory was laid in the Loovälja Industrial Park near Tallinn. The 14,000 square meter factory will significantly increase the Company’s current production capacity of solid oxide cells and stacks to meet the growing global demand for emission-free energy and green hydrogen-producing fuel cells.
The primary objective of the partnership is to drive innovation within important projects of common European interest, with the collective aim to accelerate the energy transition.
Construction of the new 14000 m2 facility in Loovälja Industrial Park started at the beginning of January 2024, with operations scheduled to commence mid-2025. Developed together with Maru Ehitus AS, the facility will expand the Company’s manufacturing capacity from 10 MW to 360 MW.
The capacity of the direct power line to be built is 10 megavolt amperes, comparable to the power consumption of some smaller communities in Estonia. Construction of the direct power line will begin soon and is expected to be completed by January 2025. The electricity direct sales agreement has been signed for ten years.
Combined with equity investment from Hydrogen One Capital Growth plc, HD Hyundai and Mirae, as well as project grants from the European Commission, including an IPCEI project, totalling more than €24m, and a proposed debt of €15m, Elcogen has now raised more than €140m for the continuous development and scaling of its market leading solid oxide technology, enabling affordable green hydrogen and accelerating the energy transition.
We are very pleased to announce that Elcogen, the European manufacturer of technology that enables delivery of efficient, affordable green hydrogen and emission-free electricity, has been named on Cleantech Group’s 2024 Global Cleantech 100.
Elcogen, in collaboration with its partner Convion, have concluded a test period of 2000 hours of the first-of-a-kind Convion Solid Oxide electrolyser equipped with Elcogen’s cell technology last week, validating superb performance and good operability.
WattAnyWhere selected Elcogen as a partner based on their expertise and exceptional track record in solid oxide fuel cell technology – our fuel cells (SOFC) are recognized as the most efficient fuel cells in the market, achieving fuel to electricity conversion efficiency above 74 %-LHV on a stack level.