For those that get it right, the prize is substantial

Elcogen is a strong business case:

1.The world faces challenges to produce electricity and heat by much cleaner, efficient and reliable means compared as it is done today.

 

2.Elcogen is a world innovation leader in SOFC technology – what is considered to be one of the most promising alternative energy production technologies today.

3.Elcogen’s business model is to become SOFC Industry platform for power generation system manufacturers globally.

 

 

4.Elcogen is about to enter mass manufacturing stage where the benefits of low temperature technology will be commercialized.

Challenges in electricity and heat production

The world faces challenges to produce electricity and heat by much cleaner, efficient and reliable means compared as it is done today. Current energy production needs to be changed in order to reduce considerably green house gases emissions, decrease air pollution and to fight with global warming.

Fuel cells provide a range of critical benefits that no other single power generating technology can match in tackling these challenges. Fuel cells offer a clean technology to generate virtually emission free electricity at very high efficiencies. Therefore fuel cell technology is considered to be one of the most promising alternative energy production technologies.

Fuel cells can produce power anywhere – in vehicles, portable devices, stationary power plants etc. And by using different fuels. Furthermore, fuel cells can be used to store energy in the form of hydrogen (only feasible solution for large scale wind and solar storage)

Business model

Elcogen’s business model is to produce in high volumes cost effective, highly efficient and robust fuel cells and fuel cell stacks that will be deployed by global brand leaders in their own power generation systems.

We see that thanks to innovative technology our unit cells and stacks could set new price and efficiency standard on the market and therefore become a platform for next generation power generation industry.

A leader in SOFC technology

Elcogen stacks achieving World record in primary energy conversion efficiency to electricity of over 70%. Elcogen has developed unique SOFC technology  that operate at 650°C vs. 750–900°C for SOFC designs by competitors.The lower operating temperature results in two key advantages: it allows for lower-cost materials to be used and for a more cost efficient stack and CHP system design. Crucially, these advantages of Elcogen stacks have delivered a world record in fuel conversion efficiency to electricity of 74 per cent.

Elcogen stacks use: 50 per cent less fuel than conventional distributed power generation technologies (such as micro-gas turbines and diesel engines); emit 50 per cent less CO2 and near-zero NOx, SOx or VOC. Its technology therefore helps reduce natural gas consumption – and the associated greenhouse emissions – as well as reducing air pollutants.