Elcogen, a Tallinn-based clean energy technology company, recently raised over €140 million in
funding. This includes more than €24 million in equity investments from Hydrogen One Capital
Growth plc, HD Hyundai, and Mirae, as well as grants from the European Commission.
Additionally, the company has secured a proposed debt of €15 million. Baker Hughes also
participated as a strategic investor. Elcogen’s technology enables the production of green
hydrogen and electricity efficiently and affordably, supporting the global shift towards cleaner
energy sources. The funding will facilitate the expansion of Elcogen’s manufacturing capacity,
including a new facility in Tallinn, Estonia, to meet the increasing demand for its products and
support ongoing development efforts.
https://arcticstartup.com/elcogen-raises-e140m/
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