Tag: hydrogen one

With a strategic investment from Baker Hughes, Elcogen closes its current funding round, raising overall €140m for scaling of its leading solid oxide technology for hydrogen

Combined with equity investment from Hydrogen One Capital Growth plc, HD Hyundai and Mirae, as well as projects granted from the European Commission, including an IPCEI project totaling 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.