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Developer of a solid oxide fuel cell (SOFC) system to commercialize 50-300 kW CHP products for distributed generation markets

Founded in 2013
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Finland Espoo, Finland
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Updated by Cleantech Group on 10/22/2024

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IPO INFORMATION

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Description

Date Investors Type Amount
05/31/2018 Springvest Oyj Springvest Oyj (1)
Post-money valuation of
The purpose of the capital placement is to provide the company with operating capital to build a reference portfolio as well as to maintain its technology advantage
Seed $4,666,400
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SOFC System

SOFC system with a range of 50-300 kW for distributed power generation.

Product Development Products - Wholesale
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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