Elogen CEO resigns as company halts electrolyser gigafactory construction

By Edward Laity on Feb 10, 2025

Elogen’s CEO has stepped down as the company halts construction of its electrolyser gigafactory in Vendôme, France, following a €33m ($34m) EBITDA loss for the 2024 financial year.

Last month, parent company GTT Group announced it was conducting a strategic review of its subsidiary. It has now been revealed that the gigafactory construction will be suspended, and up to 110 positions at the company could be eliminated.

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Elogen CEO resigns as company halts electrolyser gigafactory construction

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Elogen CEO resigns as company halts electrolyser gigafactory construction

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