Elcogen

Elcogen is constructing a new 14,000 m2 factory in Tallinn's Loovälja Industrial Park to expand manufacturing capacity for solid oxide fuel cells and electrolyser cells from 10 MW to 360 MW. Construction started in January 2024, with operations scheduled to begin mid-2025.

Baker Hughes has invested in Elcogen, a manufacturer of green energy technology, as part of a funding round. Elcogen will use the funds to expand manufacturing capacity at its new factory in Tallinn, Estonia, which will have a capacity of up to 360MW.

Korea Shipbuilding & Offshore Engineering, a member of HD Hyundai Group, invested €45 million in Elcogen to support solid oxide fuel cell and electrolyser technology. The investment will expand Elcogen's manufacturing capacity at its new factory in Tallinn, Estonia.

Elcogen signed an agreement to develop a 50 MW solid oxide fuel cell and stack production facility at Ülemiste City in Tallinn, Estonia, with construction starting in summer 2021 and costing €6.3 million for the building and €20 million for equipment.

Elcogen signed an agreement to develop a 50 MW solid oxide fuel cell and stack (200 MW solid oxide electrolysis cell) production facility at Ülemiste City business campus in Tallinn. The company currently has a 1.5 MW annual production capacity at its existing facility.

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.