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August 4, 2020

Elcogen is part of Europe’s New Industrial Era

Enefit Green Paldiski wind farm (photo is illustrative).

With great enthusiasm, Elcogen welcomes European Commission’s freshly published long-term climate and energy strategy. In order to meet the targets, European Union is dedicated to invest into hydrogen and climate-neutral change up to 470 billion euros by 2050. The strategy is paving the way into Europe’s new industrial era where Elcogen’s technology has the key role.

To meet the target of climate-neutral EU by 2050, the priority is to develop renewable hydrogen, produced using mainly wind and solar energy. Renewable hydrogen is the most compatible option with the EU’s climate neutrality and zero pollution goal in the long term and the most coherent with an integrated energy system. The choice for renewable hydrogen builds on European industrial strength in electrolyser production, will create new jobs and economic growth within the EU and support a cost-effective integrated energy system.

For Elcogen the new EU Green Deal means that the fuel cells are now considered not only mainstream but the priority power generation and storage technologies. Elcogen’s technology enables to store wind and solar energy into renewable hydrogen and if needed to convert the hydrogen into electricity again. Elcogen commercial grade 3 kW stack is measured world record high electrical efficiency of 75,3% at 2/3 from its rated power and can be operated near to 100% efficiency in electrolysis mode when producing hydrogen at 3 Nm3/h rate. With the support of EU climate-neutral targets, Elcogen aims to become world’s leading producer of commercial SOFC/SOEC cells and stacks.

New vision, principles and guidelines of Europe’s new energy strategy are:

  • A more ‘circular’ energy system, with energy efficiency at its core. Least energy intensive choices are prioritized, unavoidable waste streams are reused for energy purposes, and synergies are exploited across sectors like in combined heat and power plants.

 

  • Accelerating the electrification of energy demand, building on a largely renewables-based power system. The rapid growth and cost competitiveness of renewable electricity production can service a growing share of energy demand.

 

  • Promote renewable and low-carbon fuels, including hydrogen, for end-use applications or hard to-decarbonise sectors where direct heating or electrification are not feasible, not efficient or have higher costs.

 

  • Making energy markets fit for decarbonisation and distributed resources. In an integrated energy system, trustworthy and efficient markets should guide customers towards the most energy-efficient and cheapest decarbonisation option, on the basis of prices that properly reflect all the costs of the energy carrier used.

According to the “A hydrogen strategy for a climate-neutral Europe”, cumulative investments in renewable hydrogen in Europe could be up to EUR 180-470 billion by 2050 , and in the range of €3-18 billion for low-carbon fossil-based hydrogen. Combined with EU’s leadership in renewables technologies, the emergence of a hydrogen value chain serving a multitude of industrial sectors and other end uses could employ up to 1 million people, directly or indirectly. Analysts estimate that clean hydrogen could meet 24% of energy world demand by 2050, with annual sales in the range of €630 billion.

 

Recent news

Management Team strengthened with three new members

Tallinn, Estonia: Elcogen (“Elcogen” or “the Company), the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the appointment of three new members to the management team following the addition of Markus Holm as Chief Financial Officer at the end of 2022: • Stefano Piscitelli joins […]

Read more

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 […]

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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 […]

Read more
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HEAD OFFICE ESTONIA

Elcogen AS
Valukoja 23, 11415 Tallinn, Estonia

Reg. no.: 10727890
VAT no: EE100677168

(+372) 634 6750
welcome[at]elcogen.com

Single cell sales inquiries and purchase orders: elcocell[at]elcogen.com

FINLAND

Elcogen OY
Niittyvillankuja 4, Vantaa 01510, Finland

Reg. no.: 2289594-1
VAT no: FI22895941

(+358) 10 323 3060
welcome[at]elcogen.com

Stack sales inquiries and purchase orders: elcostack[at]elcogen.com

UNITED KINGDOM

Elcogen Group Plc
Highdown House, Yeoman Way, Worthing, West Sussex, United Kingdom, BN99 3HH

Company number 13290541

welcome[at]elcogen.com

Elcogen has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 823620 and No 779577

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Elcogen is a developer and manufacturer of Solid Oxide (SOC) technology –
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Elcogen is a developer and manufacturer of Solid Oxide (SOC) technology –
an efficient solution to green hydrogen and emission-free power generation

HEAD OFFICE ESTONIA

Elcogen AS
Valukoja 23, 11415 Tallinn, Estonia

Reg. no.: 10727890
VAT no: EE100677168

(+372) 634 6750
welcome[at]elcogen.com

Single cell sales inquiries and purchase orders: elcocell[at]elcogen.com

FINLAND

Elcogen OY
Niittyvillankuja 4, Vantaa 01510, Finland

Reg. no.: 2289594-1
VAT no: FI22895941

(+358) 10 323 3060
welcome[at]elcogen.com

Stack sales inquiries and purchase orders: elcostack[at]elcogen.com

UNITED KINGDOM

Elcogen Group Plc
Highdown House, Yeoman Way, Worthing, West Sussex, United Kingdom, BN99 3HH

Company number 13290541

welcome[at]elcogen.com

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