About Elcogen
Elcogen is a company based in Tallinn (Estonia) founded in 2001. Elcogen has raised $103.25 million across 14 funding rounds from investors including Mirae Asset, Baker Hughes and European Investment Bank. Elcogen offers products and services including Solid Oxide Electrolysis Cells, Solid Oxide Fuel Cells, and Solid Oxide Stacks. Elcogen operates in a competitive market with competitors including Plug Power, FuelCell Energy, Bloom Energy, Intelligent Energy and Blue World Technologies, among others.
- Headquarter Tallinn, Estonia
-
Sectors
Energy & Utilities
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Elcogen As
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$103.25 M (USD)
in 14 rounds
-
Latest Funding Round
$5.15 M (USD), Series B
Jan 16, 2025
-
Investors
Mirae Asset
& 8 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Elcogen
Elcogen offers a comprehensive portfolio of products and services, including Solid Oxide Electrolysis Cells, Solid Oxide Fuel Cells, and Solid Oxide Stacks.
Components for efficient green hydrogen production via electrolysis
Cells for emission-free power generation from fuels
Stacks for fuel cell and electrolyser systems integration
Funding Insights of Elcogen
Elcogen has successfully raised a total of $103.25M across 14 strategic funding rounds. The most recent funding activity was a Series B round of $5.15 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Elcogen
Elcogen has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Mirae Asset, Baker Hughes and European Investment Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Government agency and accelerator focusing on innovative startups and SMEs
|
Locked | Locked | Locked | |
|
Finance and advisory services for infrastructure projects are provided.
|
Locked | Locked | Locked | |
|
-
|
Locked | Locked | Locked |
Investor details for Elcogen
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Elcogen
Investment portfolio details for Elcogen
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Elcogen
Detailed financials for Elcogen
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Elcogen Comparisons
Peer comparison for Elcogen
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Elcogen
Elcogen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plug Power, FuelCell Energy, Bloom Energy, Intelligent Energy and Blue World Technologies, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Hydrogen-based fuel cells are manufactured for power applications.
|
|
| Locked | Locked | Locked |
Online platform offering fuel cell-based solutions
|
|
| Locked | Locked | Locked |
Provider of solid oxide fuel cell technology
|
|
| Locked | Locked | Locked |
PEM fuel cell and CHP power systems developer
|
|
| Locked | Locked | Locked |
Methanol-based fuel cells are developed using high-temperature PEM technology.
|
|
| Locked | Locked | Locked |
Low-temperature solid oxide fuel cells are produced for CHP systems.
|
Detailed competitors of Elcogen
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Elcogen
Complete news archive for Elcogen
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elcogen
Elcogen was founded in 2001 and raised its 1st funding round 13 years after it was founded.
Elcogen is headquartered in Tallinn, Estonia.
Enn Õunpuu is the current CEO of Elcogen.
Elcogen is a funded company, having raised a total of $103.25M across 14 funding rounds to date.
Elcogen was founded in 2001 and is based in Tallinn, Estonia. Solid oxide fuel cells are developed and produced by the company, with a focus on SOFC single cells and stacks for energy applications. Operations include the manufacture of components for fuel cell systems. Two product series, ASC-10B and ASC-10C, are provided to support various industrial uses in the clean energy sector.
Elcogen's top competitors include Bloom Energy, Plug Power and Intelligent Energy.
Elcogen offers Solid Oxide Electrolysis Cells, Solid Oxide Fuel Cells, and Solid Oxide Stacks.
Elcogen has 9 investors. Key investors include Mirae Asset, Baker Hughes, European Investment Bank, European Union, and HydrogenOne Capital.