Important Projects of Common European Interest (IPCEI) Hy2 Tech supports projects working to accelerate the transition towards using green hydrogen to meet European net zero targets.
It includes companies from 15 EU Member States and contributes to a common objective by supporting a key strategic value chain, as well as the objectives of EU policy initiatives including the Green Deal, EU Hydrogen Strategy and REPowerEU.
Elcogen said its role in IPCEI Hy2 Tech will be to develop next generation clean energy technology that delivers affordable green hydrogen for European projects.
Elcogen will integrate its Solid Oxide Electrolysis (SOE) technology into IPCEI partners’ system prototypes and advanced pilot lines to enable their industrialisation whilst reducing commercial costs.
According to Elcogen, solid oxide electrolysers have the highest conversion efficiency from power to hydrogen compared to other technologies and is reversible. This sets SOE technology apart from competing electrolyser technologies, as its reversibility provides economic benefits for customers because of increased plant utilisation; supplying electricity when grid prices are high and green hydrogen when power is cheap.
In a statement, Enn Õunpuu, CEO of Tallinn-based Elcogen said: “Elcogen is already commercialising one of the market’s best performing solid oxide technologies for green hydrogen production, and we are very pleased to receive the IPCEI funding which recognises our role in enabling affordable green hydrogen production. The funding will be used to further develop even better performing products and ultimately catalyse our customers’ transition away from fossil fuels.”
The project began in July 2023 and runs to June 2027. Elcogen said it will execute the project in cooperation with other direct and indirect partners of IPCEI Hy2 Tech.