An Estonian fuel cell developer is planning to list on Aim with a valuation of as much as £200m, underlining the accelerating drive to decarbonise. Tallinn-based Elcogen wants to raise funds to ramp up its manufacturing capacity with a new factory in Estonia as it seizes on the boom in interest in lower carbon energy. Founded 21 years ago in Estonia, Elcogen makes solid oxide fuel cells – which produce power without combustion – for markets including power generators, as well as solid oxide electrolysis cells that produce hydrogen. Its cells run at lower temperatures, making them cheaper and longer lasting.
Telegraph 16th May 2021 read more »