HydrogenOne invests in electrolyser manufacturer Elcogen

Hydrogen investment fund takes minority stake in solid-oxide technology specialist

London-listed investment fund HydrogenOne Capital Growth has bought a minority stake in Estonia-based fuel cell and electrolyser manufacturer Elcogen for £20mn ($24.7mn). Elcogen specialises in solid-oxide technologies and has developed a reversible ceramic technology that can convert hydrogen into emission-free electricity, or electricity into green hydrogen. Solid-oxide fuel cells and electrolysers can run with efficiency greater than 80pc and Elcogen’s core technology is able to operate at lower temperatures than competitors, resulting in superior economics, HydrogenOne says. “There is substantial demand for fuel cells and electrolysers as the clean hydrogen sector continues to grow at ra