HydrogenOne Capital Growth plc, a London-listed fund focused on investing in clean hydrogen, celebrates the €5 million investment secured by its portfolio company Elcogen plc from SmartCap, an Estonian venture capital fund supporting 'greentech' companies. Elcogen, renowned for its solid oxide technology enabling the production of green hydrogen and emission-free electricity, will utilize the investment to accelerate its growth trajectory. The investment signifies SmartCap's confidence in Elcogen's potential and will aid in scaling the company's operations, production capacity, and business initiatives. Dr JJ Traynor, representing HydrogenOne, expressed satisfaction with this milestone, highlighting the validation of Elcogen's strategy and its prospects for further growth. Elcogen's CEO, Enn Õunpuu, welcomed SmartCap as a strategic investor, affirming the company's readiness to capitalize on the global transition towards clean energy. The investment is seen as pivotal in supporting Elcogen's expansion and the construction of a new factory in Tallinn to enhance the manufacturing capacity of solid oxide fuel cells and electrolyser cells. SmartCap's CEO, Sille Pettai, emphasized the significance of Elcogen's technology in driving the green transition in industrial processes, underlining the growing demand for efficient hydrogen technologies. The collaboration between Elcogen and SmartCap reflects a shared vision for sustainable energy solutions and innovation in the green technology sector. Elcogen's commitment to delivering affordable green hydrogen and emission-free electricity aligns with the global push for net-zero emissions, positioning the company as a key player in advancing the energy transition. The investment not only boosts Elcogen's capabilities but also underscores the positive impact of strategic partnerships in fostering growth and innovation within the clean energy industry. The support from SmartCap, alongside existing key investors, reaffirms Elcogen's position as a leading provider of solid oxide technology driving sustainable energy solutions worldwide.