This Week In Energy Transition - Elcogen's New Factory Powers Europe's Clean Energy Future

Elcogen has inaugurated a new high-volume solid oxide fuel cell factory in Tallinn, Estonia, marking a significant expansion in clean technology production to meet global demand for efficient and sustainable energy solutions. The facility, spanning 14,000 m², dramatically boosts Elcogen's production capacity from 10 MW to 360 MW, positioning the company as a major player in Europe's clean energy transition. This development supports the drive to reduce industrial emissions and enhance energy resilience, aligning with increasing global commitments to net-zero targets. The factory's launch is supported by strategic investments from stakeholders, including Baker Hughes and HD Hyundai, alongside a substantial contribution from the European Innovation Fund, underlining the industry's focus on advancing the transition to a more sustainable energy future.

• HD Hyundai (KOSE:A267250) last closed at ₩161,300 down 0.3%, hovering around its 52-week high.

Elsewhere in the market, Hengtong Optic-Electric (SHSE:600487) was a notable mover up 10% and ending the day at CN¥22.22, close to the 52-week high. In the meantime, Ørsted (CPSE:ORSTED) softened, down 44.3% to end the day at DKK106.50, not far from its 52-week low.

Tesla's rapid shift towards high-margin software revenue could transform its profitability trajectory with pivotal advancements imminent. Discover the full narrative on Tesla's strategic expansion.

Best Energy Transition Stocks

• IREN (NasdaqGS:IREN) ended the day at $37.90 up 4%, hovering around its 52-week high.
• Applied Materials (NasdaqGS:AMAT) finished trading at $178.13 up 2.6%. Yvonne McGill resigned from the Board of Directors of Applied Materials last week for personal reasons unrelated to company operations.
• Tesla (NasdaqGS:TSLA) ended the day at $425.86 up 1%. This week, Tesla announced that its upcoming AGM will address proposals to amend its bylaws and eliminate supermajority voting requirements.

Where To Now?

• Get an in-depth perspective on all 179 Energy Transition Stocks, including AXIS Capital Holdings, Sembcorp Industries and SBI Holdings, by using our screener here.
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Sources:

• Simply Wall St
• "Elcogen launches new high-volume solid oxide fuel cell factory in Europe to meet global demand for clean energy solutions" from Elcogen on GlobeNewswire (published 17 September 2025)

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