LONDON, UK: HydrogenOne Capital Growth’s portfolio company Elcogen has announced a strategic investment for €45 million by Korea Shipbuilding & Offshore Engineering Co., Ltd. (‘KSOE’) a member of HD Hyundai Group. The investment by HD Hyundai underscores both the Company’s strategy of backing the leading innovators in the hydrogen industry, and its valuation of Elcogen. …
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HydrogenOne Capital Growth to make £20mn investment in Elcogen
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen Plc. Elcogen’s shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Elcogen. Elcogen…