Tallinn, Estonia: Elcogen, a leading European solid oxide fuel and electrolysis cell manufacturer headquartered in Estonia, is pleased to announce that it has entered into an agreement with Uljin-County and Next Energy Corporation to supply its solid oxide electrolyser technology for large-scale nuclear hydrogen production complex in Uljin-County, Korea.
Under the terms of the memorandum of understanding (MOU), Elcogen will build a 200 MW solid oxide electrolysis cell and stack factory in Uljin-County. Estimated investment of the electrolysis cell and stack factory would be around 75 MEUR.
Elcogen’s electrolysis cells and stacks will be incorporated into Uljin Nuclear Hydrogen Production Complex, close to Korea’s largest – Hanul Nuclear Power Plant. Solid oxide electrolysis technology enables to mass produce hydrogen at lowest cost compared to other hydrogen technologies by utilizing waste heat from the nuclear power plant. Nuclear hydrogen production complex will contribute to the Korea’s ambitious energy transition policy.
Earlier this year, Uljin-County signed an agreement with several organizations including Korea’s Atomic Energy Research Institute, Hyundai Engineering, and Pohang Institute of Industrial Sciences, to create a large-scale hydrogen production complex utilizing nuclear power.
Elcogen’s world-leading solid oxide cell technology is widely considered to be one of the most innovative solutions to combat the global challenge of finding reliable alternative fuel sources and will play a foundational role in the production of hydrogen at this plant.
Enn Õunpuu, founder and CEO of Elcogen, commented: “The signing of an MOU with Uljin-County and Next Energy further endorses and demonstrates the confidence in our technology to deliver large-scale hydrogen production. The emergence of hydrogen as a means to produce clean energy aligns closely with Elcogen’s mission – to enable efficient and emission-free distributed power generation and hydrogen production for a cleaner future. We are very proud that Uljin-County and Next Energy have selected Elcogen to supply the hydrogen-producing technology for the complex and we look forward to working with them in delivering this project.”
About Elcogen
Founded in 2001, Elcogen is a manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity. We are a European business with a proud Estonian heritage and a global customer network delivering flexible core solid oxide technology that can be applied to a broad range of residential, industrial, and commercial applications. Our core, reversible solid oxide technology combats climate change by converting fuel sources into emission-free energy and emission-free energy into green hydrogen.
Elcogen supplies the core technology that sits at the heart of energy security and transition away from fossil fuels. We promise to deliver the world’s most efficient technology for the production and use of affordable green hydrogen. Our solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technology offers an efficient solution to green hydrogen production, thereby reducing commercial costs so customers can deliver affordable energy solutions to meet net-zero targets.
Elcogen believes in a future fuelled by a hydrogen-economy for its commercial customers and partners. The company was recently named Innovator of the Year 2020 by the European Business Awards.