Hydrogenone Capital Growth Plc (GB:HGEN) has released an update.
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Elcogen, a portfolio company of HydrogenOne Capital Growth plc, has been awarded a €25 million grant from the EU Innovation Fund to boost green hydrogen production in Europe. This funding will help Elcogen expand its manufacturing capacity for clean energy technology, marking a significant milestone for the hydrogen sector and highlighting the EU’s commitment to low-carbon innovations. HydrogenOne’s investment in Elcogen underscores the potential for growth and regulatory support within the hydrogen market.
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