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Elcogen logo — #fuelcells #SOFC #greenhydrogen #electrolyser #SOEC

Elcogen

#fuelcells #SOFC #greenhydrogen #electrolyser #SOEC

Founded 2001 Estonia Estonia 81 employees Corporate Round Total: $105.11M ESG, Energy +4

General Information

Company Name Elcogen
Founded Year 2001
Location Estonia Estonia +2
Employees 81
Industries ESG, Energy, Manufacturing +3
Funding Stage Corporate Round
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About Elcogen

Elcogen, a European clean energy technology manufacturer, boasts a rich Estonian heritage and a global clientele across 30 countries. The company, founded in 2001 and headquartered in Estonia, specializes in solid oxide fuel cell (SOFC) and solid oxide electrolyzer cell (SOEC) technology. Elcogen's recent €45.00M Corporate Round investment on 11 October 2023 from Korea Shipbuilding & Offshore Engineering underscores its growing prominence. Elcogen's focus on delivering affordable green hydrogen and emission-free electricity aligns with the global push for net-zero targets. Their technology serves as a core component in energy security and the transition away from fossil fuels. By converting fuel sources into emission-free energy and, in turn, into green hydrogen, Elcogen's SOFC and SOEC technology presents an efficient solution for green hydrogen production, thus reducing commercial costs and aiding customers in meeting net-zero targets. With manufacturing facilities in Estonia and Finland, Elcogen caters to 160 customers worldwide, operating within the Energy, Manufacturing, Renewable Energy, and Clean Energy industries. The company's recent investment highlights its potential to drive impactful change in the clean energy sector, positioning it as an intriguing prospect for potential venture capital opportunities.

Taxonomy: Fuel Cells, SOFC, Green Hydrogen, Electrolyser, SOEC, Clean Energy Technology, Emission-Free Electricity, Energy Security, Net-Zero Ambitions, Solid Oxide Fuel Cell, Solid Oxide Electrolyser Cell, Affordable Energy Solutions, Fossil Fuel Transition, European Business, Global Customer Network

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round •••••• 1
Investor
03 Apr 2024
Corporate Round •••••• 1 •••• •••• 11 Oct 2023
Grant •••••• 1 •••• •••• 27 Sep 2023
Venture Round •••••• 1 •••• •••• 09 May 2022
Grant •••••• 1 •••• •••• 01 Sep 2018

View All 7 Funding Rounds

Latest News

View All
$145M for Pigment's business forecasting, Easop acquired by Remote, and German startups to watch — Tech
$145M for Pigment's business forecasting, Easop acquired by Remote, and German startups to watch
Tech Apr 05, 2024
EIC Scaling Club'a katılan 72 teknoloji şirketi — Webrazzi
EIC Scaling Club'a katılan 72 teknoloji şirketi
Webrazzi Oct 21, 2024
Deep roots, global reach: Estonia’s tech ecosystem — Tech
Deep roots, global reach: Estonia’s tech ecosystem
Tech May 15, 2025
The Baltics’ fastest-growing startup teams — Sifted
The Baltics’ fastest-growing startup teams
Sifted Nov 23, 2025

Elcogen Alternatives & Competitors

Elcogen vs
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FAQ About Elcogen

#fuelcells #SOFC #greenhydrogen #electrolyser #SOEC
Elcogen was founded in 2001.
Elcogen is headquartered in Estonia.
Elcogen operates in the following industries: ESG, Energy, Manufacturing, Renewable Energy, Clean Energy, Oil and Gas.
Elcogen has approximately 81 employees.
Elcogen has completed 7 funding rounds, raising a total of $105.11M. The latest funding stage is Corporate Round.
Top alternatives and competitors to Elcogen include SeeO2 Energy Inc., Ceres, Adelan Limited, Ally Power Inc, RenCat Aps. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Elcogen and SeeO2 Energy Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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