Baker Hughes leads investment in Elcogen

In the UK, Elcogen announced that Baker Hughes has made a strategic investment in the company, combined with equity investment from Hydrogen One Capital Growth plc, HD Hyundai and Mirae, as well as project grants from the European Commission, including an IPCEI project, totalling more than €24m, and a proposed debt of €15m. Elcogen has now raised more than €140m for the continuous development and scaling of its market leading solid oxide technology, enabling affordable green hydrogen and accelerating the energy transition.