Solidpower, a leading manufacturer of solid oxide fuel cell (SOFC) systems, has closed an investment round with a new strategic investor to fund the growth of its breakthrough technology and products, raising new equity in the amount of 40 million euros. Building on the success of its fuel cell power generator Bluegen – the most efficient of its kind worldwide, with over 13 million operative hours of electricity supply – Solidpower will increase its production capacity to 50 MW/year and will launch a new generation of fuel cell products in the near future. With its proprietary technology and a volume manufacturing, Solidpower is able to remove the cost barrier to the mass-deployment of fuel cells.

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