Estonian company Elcogen has recently received a significant boost in its growth plans with a €5 million investment from SmartCap, a venture capital fund supporting green technology companies. The investment is aimed at further expanding Elcogen's operations and scaling up its production capacity to better serve its customers worldwide. Elcogen, established in 2001, specializes in developing technology that converts fuel sources into emission-free energy, including green hydrogen. Their solid oxide fuel cell (SOFC) and solid oxide electrolyzer cell (SOEC) technology is recognized for its efficiency in green hydrogen production, reducing costs and helping customers meet net-zero targets. CEO Enn Õunpuu expressed excitement about SmartCap's strategic investment, highlighting Elcogen's expertise and technology in the clean energy and hydrogen sector. SmartCap's CEO, Sille Pettai, emphasized the importance of Elcogen's innovative technology in driving the green transition in industrial processes and ensuring energy security. The investment from SmartCap complements previous funding from companies like Baker Hughes and HD Hyundai, indicating strong support for Elcogen's growth. Overall, the partnership between Elcogen and SmartCap is seen as a positive step towards advancing sustainable energy solutions, particularly in the field of hydrogen technology. The collaboration aligns with the global trend towards clean energy and underscores the increasing significance of hydrogen in the energy sector.