|
| Monday, 9 January 2023, 15:00 HKT/SGT | |
| |  | |
Source: Elcogen AS | |
|
|
|
|
- Elcogen signs MOU with KSOE (HHI group) and Fraunhofer IKTS
- Covers R&D Cooperation on Fuel Cell and Hydrogen Technology |
TALLINN, EE, Jan 9, 2023 - (ACN Newswire) - Elcogen, the European manufacturer of clean energy technology that delivers affordable green hydrogen and emission-free electricity, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Korea Shipbuilding and Offshore Engineering (KSOE), a member of Hyundai Heavy Industries (HHI) group, and the Germany based Fraunhofer Institute for Ceramic Technologies and Systems (IKTS). The MOU was signed at recently held CES 2023 in Las Vegas.
 | | From left: Hanna Grano-Fabritius, Chief Commercial Officer of Elcogen Group; Dr. Sung-Joon Kim, Chief Technical Officer at KSOE; Prof. Alexander Michaelis, Director of Fraunhofer IKTS [Image: Elcogen] |
The MOU covers close R&D collaboration in the fields of green hydrogen production and emission-free power generation systems. KSOE is a research-oriented intermediate holding company of Hyundai Heavy Industry (HHI) group, one of the world's largest shipbuilders and is headquartered in Seoul, South Korea. In its own research centers, KSOE is pursuing the development of innovative technologies, including emission-free power generation and hydrogen value chain.
IKTS is a world leading application-oriented research institute in the ceramic sector. IKTS has been developing various fuel cell stack designs, has constructed them as prototypes and tested them for their suitability for different applications including load profiles. Together with its partners, Fraunhofer IKTS develops stacks for use in decentralized energy supply systems - from micro-CHP units to systems with more than 20 kW power. To this end, IKTS selects and tests various components within the stack environment, including long-term and cycle tests, and develops costefficient and automatable manufacturing processes for stack production.
Elcogen will supply its solid oxide fuel cell (SOFC) and solid oxide electrolyser cell (SOEC) technology to the partnership. Elcogen's technology offers an efficient solution to green hydrogen and emission-free energy production, thereby reducing commercial costs so customers can deliver affordable energy solutions to meet net-zero targets. Elcogen supplies the core technology that sits at the heart of energy security and transition away from fossil fuels.
Enn Ounpuu, CEO of Elcogen, commented: "Our emission-free power generation and green hydrogen production technology has the potential to make an important contribution to the decarbonisation of the energy industry. Today's agreement with KSOE and IKTS shows that world class shipbuilding and system integrators share that view. We are delighted to be working with two such high quality partners and are looking forward to our collaboration."
Dr. Sung-Joon Kim, Chief Technical Officer at KSOE added: "The collaboration between KSOE, Fraunhofer IKTS and Elcogen has high value at a time when the shipbuilding and offshore industries are now moving into a zero CO2 era."
"Today we are taking the meaningful step towards a successful and outstanding collaboration for all of us, and ultimately an important step for global society," said Prof. Alexander Michaelis, Director of Fraunhofer IKTS, describing the scope of the MOU, "Renewable energies and carbon net zero are the challenge of our time, and in this cooperation, we can apply our many years of experience, particularly in the field of solid oxide fuel cells."
Click to view the full announcement: http://www.rns-pdf.londonstockexchange.com/rns/0647M_1-2023-1-9.pdf
For further information please visit https://elcogen.com/ or contact:
Elcogen AS
Marek Roostar
marek.roostar@elcogen.com
+372 53 84 6006
Tavistock (Corporate and Financial PR)
Simon Hudson / Nick Elwes / Rebecca Hislaire
elcogen@tavistock.co.uk
+44 20 7920 3150
For more information about KSOE, please visit http://ksoe.co.kr/en/about01
For more information about IKTS, please visit https://www.ikts.fraunhofer.de/en/aboutus.html
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Topic: Business Tieup
Source: Elcogen AS
Sectors: Alternative Energy, Marine & Offshore
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
VCREDIT Releases 2025 Full-Year Results
Apr 1, 2026 10:29 HKT/SGT
|
|
|
Legend Holdings 2025 Annual Results: Both Revenue and Net Profit Rise
Apr 1, 2026 10:17 HKT/SGT
|
|
|
Thunderstruck Resources Announces Strategic Investment by Zhaojin International Gold Co. Ltd.
Apr 1, 2026 06:00 HKT/SGT
|
|
|
A Closer Look at Fosun International 2025 Annual Results: 'One-Off Risk Clearance' Paves Way for 'RMB10 Billion Profit'
Mar 31, 2026 23:06 HKT/SGT
|
|
|
Toyota Motor Corporation aims to join Daimler Truck and Volvo Group as equal shareholder in the fuel cell joint venture cellcentric
Tuesday, March 31, 2026 10:39:00 PM
|
|
|
GOME Retail Delivers Marked Improvement in 2025 Results
Mar 31, 2026 21:36 HKT/SGT
|
|
|
Datavault AI and Coppercore Inc. Announce Tokenization of High-Grade Copper Resources into Coppercoin(TM)
Mar 31, 2026 21:15 HKT/SGT
|
|
|
Honda Announces the Establishment of PathAhead Co., Ltd., a Startup Originated from IGNITION, a Honda New Business Creation Program
Tuesday, March 31, 2026 8:58:00 PM
|
|
|
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
Mar 31, 2026 20:00 HKT/SGT
|
|
|
Hitachi Digital Services Strengthens OT-IT Integration with Manufacturing Operations Management Platform
Tuesday, March 31, 2026 6:14:00 PM
|
|
|
|
|
More Press release >> |
|
|
|
