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Elcogen

  • Clean hydrogen developer backed by Hydrogenone brings in dirty oil money funding

    energy

    The firm said these funds will be used to expand Elcogen's manufacturing capacity as it continues to build a new factory facility in the Estonian capital

    "2024 was a transformational year with the completion of the Wintershall Dea transaction, our fourth significant transaction since 2017. As a result, we achieved a step change in the scale, resilience and longevity of our business underpinning the potential for material free cash flow generation well into the next decade. At the same time, we delivered another year of solid operational and financial performance. "Looking to 2025, we have had a strong start to the year. We continue to prioritise safe and efficient operations, mature our significant 2C resource base and maintain disciplined capital allocation. We remain excited about our future and look forward to realising the potential of our company for all our stakeholders.".

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