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HydrogenOne Capital Growth PLC - London-based hydrogen investment fund managed by HydrogenOne Capital LLP - invests £20 million in solid-oxide fuel cells manufacturer Elcogen PLC. HydrogenOne Capital Growth doesn't say what size stake it now has in Elcogen, but says it is a minority stake and gives it the right to a seat on the Elcogen board. Elcogen plans to expand its production facilities in Tallinn, Estonia, creating an automated production line. ‘This investment from HydrogenOne will enable us to continue to develop our cutting-edge technology, grow our customer base and revenues, and scale production to drive net-zero ambitions forward,’ Elcogen said.
Current HydrogenOne Capital Growth stock price: 96.40 pence, down 1.6% on Monday.
12-month change: down 3.6%
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