Elcogen, an Estonian company, has been granted €24.9m from the EU Innovation Fund to boost the production of solid oxide electrolyser cell (SOEC) and fuel cell (SOFC) cells and stacks. The EU's Innovation Fund, with a total of €4.8bn allocated in 2024, aims to support projects that can collectively reduce 476 million tonnes of carbon dioxide emissions over the next decade. Elcogen's CEO, Enn Õunpuu, and COO, Stefano Piscitelli, expressed the significance of the funding in advancing green hydrogen production in Europe. The company plans to establish a new 14,000m2 facility in Tallinn, Estonia, by mid-2025, with a production capacity ranging from 10MW to 360MW. Elcogen's recent success also includes securing investments from Baker Hughes and Mirae, totaling around €140m, to propel its solid oxide technology manufacturing plans. The company's focus on sustainable energy solutions aligns with the EU's goal of accelerating the energy transition towards a more environmentally friendly future.