Elcogen Named Winner of Innovation at European Business Awards 2019

21.01.2020

Elcogen has been named Winner of the Innovation category in the Grand Final of this year’s European Business Awards, at an exclusive awards ceremony held in Warsaw, Poland.


Over 500 successful business leaders from across Europe came together at the two-day event, to celebrate the remarkable business achievement of Elcogen in Europe’s biggest and most prestigious business competition.


Elcogen was named the winner following a final face to face judging session and were chosen out of over 150,000 business from 33 countries who were initially considered. In the rigorous, independently judged competition, 2753 businesses were named ‘Ones to Watch’ in July, and following a further detailed review, 363 companies were announced as ‘National Winners’ in September.


Adrian Tripp, CEO of the European Business Awards said: “Elcogen has reached the gold standard for business excellence by winning this Award. They are a powerful example of a business meeting the challenges of a hugely competitive global marketplace, achieving phenomenal success, and making a positive difference to the world we live in. They deserve their success and we wish them well.”


Enn Õunpuu, CEO and founder of Elcogen, said: “Our technology enables world-leading industrial companies to deliver clean power generation and storage solutions to the mass market. Today it is innovation. But I hope that the hydrogen society will soon become common idea. The Innovation Prize will help us deliver the message of the need for green technology to politicians, industrialists and most importantly – consumers in Europe and worldwide.”


The European Business Awards is now in its 12th year. Elcogen is the first Estonian company to win the competition.


Background
About Elcogen:

Founded in 2001, Elcogen is an Estonian manufacturer of the world’s most efficient fuel cells. Fuel cells are a new generation of clean energy generation technology that enables to generate electricity without the need for internal combustion. The production of electricity through fuel cells is significantly more efficient, it does not release polluting substances and is safe. In addition, fuel cells can produce “green” hydrogen, which will play an important role in the future of energy storage. Fuel cell technology is at the heart of a European and global energy strategy aimed to reduce the use of fossil fuels and limit CO₂ emissions.


About the European Business Awards:
The European Business Awards is one of the world’s largest and most prestigious cross border, cross sector business competitions. Its primary purpose is to support and develop a stronger, more successful, innovative and ethical business community in Europe, as it believes businesses play a key role in addressing major issues faced across the world. The European Business Awards is now in its 12th year. This year it considered over 150,000 businesses from 33 countries.


Press contact


Elcogen:
Marek Roostar

+372 6346 752,
marek.roostar@elcogen.com


EBA:
Vanessa Wood

+44 (0) 796 666 6657
vanessa.wood@businessawardseurope.com


Archive

2020
21.01.2020Test of wind propulsion on Maersk Pelican completed: Norsepower Rotor Sails confirmed savings of 8.2% fuel and associated CO2 on Maersk Pelican
21.01.2020OGCI Climate investments leads MEUR8 investment in Norsepower
21.01.2020Elcogen Named Winner of Innovation at European Business Awards 2019
2019
01.10.2019Introducing WeSustain’s ESG Management
02.09.2019Swiss smart grid expert opens subsidiary in Singapore
12.02.2019CHF 13.2 million: Successful financing round strengthens DEPsys in Smart Grid growth market
12.02.2019#InnovFin: EUR 12 million loan from EU to Estonian clean tech company Elcogen
2018
31.10.2018Cajo Technologies Oy voitti Kasvu Open 2018 kilpailun
31.10.2018Cajo Technologies Oy is the winner of Growth Open (in Finnish: Kasvu Open) 2018 competition
08.02.2018Wello to export Wave Energy Converters to China
08.02.2018New clean energy system to make Finnish business district self-sufficient
18.01.2018Swiss Smart Grid Solution Company DEPsys Raises Additional CHF 2 Million of Funding
2017
09.11.2017Convion SOFC generates zero emission electricity and heat from biogas in Italy
02.11.2017Power Fund II investee Visedo sold
21.09.2017Visedo CEO, Kimmo Rauma, Takes Electric Message to the World
30.05.2017Maersk Tankers in wind power project
11.05.2017DEPsys has been selected for global energy startup accelerator program Free Electrons
11.05.2017Superb performance with renewable biogas
06.03.2017Application test of innovative off-grid power supply
02.03.2017Norsepower Rotor Sail Solution to be installed onboard Viking line cruise ferry vessel
2016
19.12.2016Visedo is ready to take a global lead in providing smart and high performance electric drivetrain systems
07.09.2016WeSustain develops reporting software for the partnership for sustainable textiles
13.06.2016Swiss Smart Grid Solution Company DEPsys Raises CHF 3 Million of Financing
22.03.2016Finnish Laser Marking Machine Provider Cajo Technologies heads to US markets
29.01.2016Performance monitoring and verification drives orders and investment for Norsepower
11.01.2016Visedo joins forces with Dutch marine electric system expert Electric Power Conversion B.V.
2015
03.11.2015Sustainability Management 2.0“ – WeSustain receives top marks
30.10.2015WeSustain becomes a SASB Enterprise Resource Platform (ERP) Partner
11.06.2015Visedo’s electric drive trains to equip world’s largest electric ferryboat
14.01.2015Merus Power wins its biggest contract ever
2014
14.12.2014Growth capital for WeSustain (Series B)
21.10.2014Self-Sufficient and Emission-Free Energy to Go
2013
21.10.2013Fuel cell company Siqens receives funding from Finnish investor VNT Management Oy and German KfW Bank
11.10.2013Mobilemarking Gets Nearly
€1 Million in Funding for Internationalization
10.09.2013Wello’s Wave Energy Converter Producing Clean Energy
06.05.2013GASEK Oy, CCM-Power Oy and Asmacon Oy to combine their business
31.01.2013Final Closing of Power Fund III
16.01.2013Valopaa Receives a Significant Capital Investment from VNT Management