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 Elcogen as Chief Operations Officer, based in Tallinn, Estonia.
• Hanna Granö-Fabritius has been promoted to Chief Commercial Officer, based in Vantaa, Finland.
• Martin Skjøth-Rasmussen joins Elcogen as Chief Technology Officer, based in Tallinn, Estonia.
• Markus Holm joined Elcogen as Chief Financial Officer and a member of the Board of Directors at the end of 2022. Markus is based in Tallinn, Estonia.
Enn Õunpuu, CEO of Elcogen Group, commented:
“Elcogen is a growing business but also an international organisation. The Company’s strategy is to expand into areas related to electrolysis, utilising our world leading research and development teams to enable the production of affordable green hydrogen. These appointments reflect the growing ambitions of Elcogen as the Company accelerates the commercialisation of its solid oxide technology.”
Stefano Piscitelli, new COO of Elcogen, commented:
“Excited to be joining Elcogen as COO as we work towards a more sustainable future. Using my knowledge of hypergrowth and complex industrial scale up, I look forward to expanding the Company’s capacity, cost efficiency and excellence which are vital in supporting and improving our customer’s experience as we scale up the commercialisation of our technology.”
Hanna Granö-Fabritius, new CCO of Elcogen, commented:
“Elcogen is at the forefront of the energy transition, and I look forward to continuing my career here as CCO. I joined Elcogen because what we do really matters, and I am excited to be a part of the rapid commercialisation of our technology. My main goal will be to ensure that our customers are happy and successful in their work with our solid oxide cells and stacks. I look forward to building a strong team at Elcogen that understands the evolving market as we work towards a carbon neutral future.”
Martin Skjøth-Rasmussen, new CTO of Elcogen, commented:
“I am very excited to be joining Elcogen and applying my expertise towards a Company at the forefront of enabling a sustainable future. Elcogen has a second-to-none technology platform for the most critical components for solid oxide electrolysis and fuel cell systems as well as a proud and capable technical team behind the development. I will actively contribute to product development as well as drive the aligned scaling of technology transfer and consolidation to large scale industrial production. I look forward to applying my knowledge and working with Elcogen as CTO in becoming a leading contender in the new energy market.”
Markus Holm, new CFO of Elcogen, commented:
“I am delighted to be working with Elcogen as we work towards net-zero targets. It is vital that we position ourselves as strong drivers in the transition to greener energy and, as CFO, I look forward to helping Elcogen reach its full potential.”
Biographies
Stefano Piscitelli joins Elcogen as Chief Operations Officer with over 20 years of industrial experience in energy, infrastructure and engineering. Whilst Vice President at Northvolt, Stefano played a key role in delivering the first European homegrown Lithium-ion Gigafactory. Prior to Northvolt, Stefano held several executive and general management positions focusing on operation and delivery of large international contracts in the EMEA region. Stefano holds a Master’s degree in Engineering.
Hanna Granö-Fabritius has been promoted to Chief Commercial Officer in addition to her role as Managing Director of Elcogen Oy based in Finland. Prior to joining Elcogen in 2020, Hanna held several Director level roles within Thermo Fisher Scientific focusing on product management, marketing, commercialization and development in the Life Science and Material Science sectors. She has successfully brought several novel product and software platforms to the market. Hanna brings more than 20 years of experience within international business and commercialization to this appointment. Hanna holds a M.Sc. degree from Helsinki University of Technology (now Aalto University).
Martin Skjøth-Rasmussen joins Elcogen as Chief Technology Officer with a proven history of successful work in the chemicals industry including over 20 years of experience in catalysts, processes and technologies concerning hydrogen and syngas generation, including the conversion into derivatives such as ammonia, methanol, DME, synthetic gasoline and diesel. Previously, Martin was a fuel concepts manager at Mærsk and a Vice President at Haldor Topsøe. Martin holds a Ph.D. focused on chemical engineering from the Technical University of Denmark.
Markus Holm joined Elcogen as Chief Financial Officer and a member of the Board at the end of 2022. He has extensive experience as a CFO across both public and private companies, including Sanoma Corporation, where he acted as CFO and COO from 2017 to 2022 and Metsä Group, where he acted as CFO for Metsä Board Corporation from 2014 to 2016 and Metsä Tissue Corporation from 2008 to 2013. Prior to this Markus held a position as Financial and ICT Director for GlaxoSmithKline and various managerial positions in Huhtamaki Group. Markus is also a Board member of VR Group, the sustainable Finnish transport, logistics and maintenance company, a position he has held since March 2022. Markus holds an M.Sc. Econ. from Hanken School of Economics, Helsinki.
About Elcogen
Founded in 2001, Elcogen is a manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity. We are a European business with a proud Estonian heritage and a global customer network delivering flexible core solid oxide technology that can be applied to a broad range of residential, industrial, and commercial applications. Our core, reversible solid oxide technology combats climate change by converting fuel sources into emission-free energy and emission-free energy into green hydrogen.
Elcogen supplies the core technology that sits at the heart of energy security and transition away from fossil fuels. We promise to deliver the world’s most efficient technology for the production and use of affordable green hydrogen. Our solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technology offers an efficient solution to green hydrogen production, thereby reducing commercial costs so customers can deliver affordable energy solutions to meet net-zero targets.
Elcogen believes in a future fuelled by a hydrogen-economy for its commercial customers and partners. The company was named Innovator of the Year 2020 by the European Business Awards.
