Baker Hughes (BKR) Backs Green Hydrogen Producer Elcogen

U.S.-based energy firm, Baker Hughes (BKR) has made a strategic investment towards Estonian clean energy producer, Elcogen. The specific terms of the transaction have not been disclosed yet. Baker Hughes, through this investment, intends to collaborate with Elcogen for the production green hydrogen using the latter’s solid oxide electrolyzer cell technology.Apart from Baker Hughes, Elcogen has secured equity investments from Hydrogen One Capital Growth, HD Hyundai and Mirae. The solid oxide technology devel ...