Elcogen has been awarded €24.9m ($26.5m) from the EU Innovation Fund to support its scale-up of solid oxide electrolyser cell (SOEC) and fuel cell (SOFC) cells and stacks.
The Estonian company was selected as part of the EU’s 2024 Innovation Fund grant – a programme that has selected 85 projects in 2024 to receive €4.8bn ($5.1bn).
“This grant is a testament to the EU’s commitment to fostering a competitive green hydrogen production value chain across Europe, highlighting the importance of scaling up in order to meet the energy transition demands we face,” explained Enn Õunpuu, Elcogen’s CEO.
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