In the race to decarbonize heavy industry, Elcogen isn't chasing lithium-ion hype—it's betting on solid oxide technology to crack the green hydrogen code. With $183M in funding and 88 employees, this Finnish scale-up is quietly building the most efficient electrolyzer cells on the market.

"They're not selling batteries—they're selling the fundamental chemistry that makes green hydrogen economically viable."

Their leadership team reflects the intersection of academic rigor and industrial pragmatism. From CFD expert Ali Shahanaghi to R&D veteran Aki Nieminen, Elcogen's 88 employees are structured around solving the core engineering challenges of stack durability and module integration—bottlenecks that have killed previous fuel cell ventures.

• Solid oxide electrolysis at 850°C delivers 90%+ efficiency—unmatched by PEM or alkaline alternatives
• $183M war chest positions them as a capital-backed contender in a capital-intensive sector
• The 'elcogen' brand dominates search volume (290 monthly), suggesting strong industry recognition
• B2B-first digital strategy: 32% direct traffic indicates serious investor and partner engagement