SolydEra and Convion to jointly address growth in fuel-cell and hydrogen market

26.09.2023
Pergine Valsugana (Italy) and Espoo (Finland), September 25th 2023

The agreement brings together SolydEra’s industry leading solid oxide technology and Convion’s flexible power generation and hydrogen production systems’ technology. 

The energy sector plays a strategic role in every aspect of business. With a constant electricity demand rising, companies recognize the need to adopt more efficient and greener solutions to ensure competitiveness and proceed rapidly on the critical pathway towards the Net Zero emissions.

“Proven fuel cell power and hydrogen generation technologies are in huge demand. The gas to power generation (SOFC) market is expected to grow fast to 800bn already in 2040 and rapid growth thereafter. The Green hydrogen market is expected to reach 800bn already ten years later.” Martin Füllenbach, SolydEra’s Chairman and CEO explains. “Our partnership brings together market efficient solutions suitable for large commercial and industrial applications, both for gas to power generation (SOFC) and Hydrogen generation (SOE)”, adds Füllenbach.

We are excited to partner with SolydEra to commercialize our innovative SOC systems together with such a highly recognized company in this field.” comments Erkko Fontell, CEO and co-founder of Convion. “This collaboration aligns perfectly with our technology and partnering strategies and will accelerate growth for both parties. Convion is committed to providing highly efficient and reliable solutions to power generation and hydrogen production markets. Through the partnership with Solydera we look forward to serving our customers with increased delivery capacity and with a unique combination of Convion systems technologies and the SolydEra’s SOC stacks.” explains Mr. Fontell.

ABOUT SolydEra:
SolydEra is a key world player in the market of Solid Oxide Cells, Stacks and Solutions, with an annual production capacity of 25MW SOFC (75MW SOE) on its industrial site in Pergine Valsugana, Italy. Its Solid Oxide Technology has a proven track record in the field and delivers best in class performance and durability in both fuel cell and electrolysis mode. The highly efficient solid oxide stacks can be integrated into systems from a few kW to MW sizes. The company has research & development and industrial manufacturing facilities in Italy, Switzerland and Australia. Its headquarters is in Trentino Alto Adige, Italy. The company is currently investing in all three of its business areas (Gas-to-Power, Power-to-gas and Power-to-power) to strengthen the technological base of all its related products with life-time improvement, stack cost reduction and overall growth preparation. Read more: www.solydera.com

ABOUT Convion:
Established in 2012, Convion Ltd. is a leading fuel cell system developer commercializing solid oxide fuel cell systems for distributed power generation and hydrogen production in industrial and commercial applications. Our patented technology platform based on solid oxide fuel cells (SOC) products are designed for premium energy efficiency, reliability and operational flexibility. Convion provides its customers with sustainable power generation and hydrogen solutions for power security, energy independence and unparalleled fuel economy. Convion supports sustainable energy transition with high temperature electrochemical solutions. Solid oxide fuel cells at the heart of our power generating products are ideal for distributed power generation. 

Read more: www.convion.fi

SolydEra SpA:
Francesca Gaviraghi
Media Relations 
+39 0461 1755092

Convion:
Erkko Fontel, CEO
+358 10 328 7360

Tuomas Hakala
Co-founder, business development
+358 10 328 7362   

Archive

2024
26.08.2024HD Hyundai KSOE subsidiary HD Hydrogen invests 72 million euros to acquire majority in Convion Oy, a leading fuel cell technology company from Finland
2023
24.10.2023HD Hyundai makes a Strategic Investment in Elcogen
26.09.2023SolydEra and Convion to jointly address growth in fuel-cell and hydrogen market
04.05.2023Convion And Shell Form Partnership To Commercialise Solid Oxide Electrolysers (SOEC)
04.05.2023Norsepower secures €28 million from investors
2022
13.12.2022Octopus Energy Group’s Kraken acquires Power Fund III investee Depsys
18.08.2022Norsepower signs agreement with Dalian Shipbuilding Industry Co. Ltd. to install Rotor Sails onboard two newbuild CO2 carrier vessels
10.05.2022Elcogen receives €24 million investment from HydrogenOne
2021
21.07.2021Merus Power Oyj:n First North -listautumisanti on ylimerkitty, yhtiölle noin 8 000 uutta osakkeenomistajaa – kaupankäynti alkaa arviolta 8.6.2021
15.05.2021Kestävän ja energiatehokkaan tulevaisuuden mahdollistava teknologiayhtiö Merus Power suunnittelee listautumista First North - markkinapaikalle
01.05.2021Cority Acquires Power Fund III Investee WeSustain
2020
18.12.2020Half of the Top 10 "most sustainable companies in Germany" rely on WeSustain as software partner
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