# Elcogen signs EUR 12M loan from EIB for fuel cell plant

Elcogen signed a EUR 12 million loan with the European Investment Bank to set up a demonstration manufacturing plant for solid oxide fuel cell systems in Tallinn, Estonia.

- Type: Investment
- Announced: 2019-02-22
- Where: Tallinn, Estonia
- Value: $13.6M (12.0M EUR)
- Status: announced
- Products: solid oxide fuel cells, fuel cell stacks
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Elcogen](https://endata.com/companies/37547.md)
- [European Investment Bank](https://endata.com/companies/10295.md) (investor)

## Sources

- [elcogen.com](https://elcogen.com/elcogen-signs-12-million-loan-from-european-investment-bank/), 2019-02-22: "Elcogen has signed EUR 12 million loan facility with The European Investment Bank (EIB) in Ülemiste city (Tallinn) today."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.