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Elcogen
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Elcogen

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https://elcogen.com/
Last activity: 05.02.2026
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Categories: BusinessCommerceEnergyTechGreenTechIndustryManufacturingProductionSecuritySupplyTechnology
Founded in 2001, Elcogen is a manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity. We are a European business with a proud Estonian heritage and a global customer network delivering flexible core solid oxide technology that can be applied to a broad range of residential, industrial, and commercial applications. Our core, reversible solid oxide technology combats climate change by converting fuel sources into emission-free energy and emission-free energy into green hydrogen. Elcogen supplies the core technology that sits at the heart of energy security and transition away from fossil fuels. We promise to deliver the world’s most efficient technology for the production and use of affordable green hydrogen. Our solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technology offers an efficient solution to green hydrogen production, thereby reducing commercial costs so customers can deliver affordable energy solutions to meet net-zero targets. Elcogen believes in a future fuelled by a hydrogen-economy for its commercial customers and partners. The company was recently named Innovator of the Year 2020 by the European Business Awards.
Followers
3.6K
Website visits
15.4K /mo.
Mentions
8

Overview

Location
Estonia, Tallinn
Employees
51-200
Total raised
$199.53M
Founded date
2001

Funding Rounds 2

DateSeriesAmountInvestors
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Oct 12, 2023Funding round$47.72M

Mentions in press and media 8

DateTitleDescription
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May 15, 2025Deep roots, global reach: Estonia’s tech ecosystemEstonia's tech ecosystem continues to demonstrate resilience and maturity amid global economic uncertainty. According to Startup Estonia, in the first quarter of 2025, startups generated over €400 million in turnover, contributed €63 millio...
Jan 14, 2025Elcogen Applauded by Frost & Sullivan for Enabling High-efficiency, Emission-free Power and Green Hydrogen Production with Its Versatile Solid Oxide Fuel Cell and Stack TechnologiesElcogen's advanced SOFC and SOEC technologies provide scalable, cost-effective solutions for both residential and industrial applications that enable high efficiency, fuel flexibility, and lower emissions. SAN ANTONIO, Jan. 14, 2025 /PRNews...
Jun 27, 2024Estonia: A dynamic hub for technology and entrepreneurshipFueled by a forward-thinking government and a vibrant startup culture, Estonia has earned global recognition for its advancements in technology and digital governance. The country's commitment to digital transformation is evident in initiat...
Apr 5, 2024Estonian cleantech Elcogen closes an over €140M investment roundEstonian cleantech Elcogen closes an over €140M investment round 05 April, 2024, 17:31 Mariia Denysiuk --> --> --> -->--> --> --> --> --> --> --> --> --> Elcogen, a Tallinn-based clean energy technolog...
Apr 4, 2024Baker Hughes backs Tallinn-based Elcogen to scale its leading solid oxide technology for hydrogenRead this article in: Tallinn-based Elcogen, a manufacturer of green energy technology, announced on Wednesday that it has raised funding from Baker Hughes in a fresh funding round. Baker Hughes is an energy technology company that has a di...
Oct 12, 2023Estonian startup Elcogen receives €45M strategic investment from HD HyundaiEstonian startup Elcogen receives €45M strategic investment from HD Hyundai 12 October, 2023, 16:11 Rostyslav Sobachynskyi --> --> --> -->--> --> --> --> --> --> --> --> --> Estonian green hydrogen ...
Elcogen“We manufacture market's most efficient solid oxide fuel (SOFC) and electrolyser cells (SOEC), stacks and modules.”

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FAQ about Elcogen

When was Elcogen founded?

Elcogen was founded in 2001.

How much funding has Elcogen raised?

Elcogen has raised $199.53M in total across 2 funding rounds.

What funding rounds has Elcogen raised?

Parsers VC lists 2 funding rounds of Elcogen, among them a funding round of $47.72M on Oct 12, 2023.

What has the press written about Elcogen?

Parsers VC has collected 8 articles mentioning Elcogen, among them “Deep roots, global reach: Estonia’s tech ecosystem” (May 15, 2025) and “Elcogen Applauded by Frost & Sullivan for Enabling High-efficiency, Emission-free Power and Green Hydrogen Production with Its Versatile Solid Oxide Fuel Cel...” (Jan 14, 2025).

Is Elcogen still active?

Yes, Elcogen is active; its latest activity on Parsers VC dates from Feb 5, 2026.