RPuuc OF EsT0NIA
MINIsTRY OF EcoNoMIc AFFAIRs
AND C0MMuNIcATI0Ns
To Whorn It May Concern.
18.09.2023 No 18-3/2023/4212-1
Letter of Support
Subject: Support for PowerUP Fuel Cells OcJ’s Application to the Innovation Fund SSC
1 am writing this letter on behalf of the Ministry of Econornic Affairs and Cornmunications of
Estonia to express our steadfast support for PowerUP Fuel Cells OO’s application to the Innovation
Fund SSC.
Giobally, the hydrogen economy is quickly gaining momentum as a fair partner to battery
technologies as one of the pivotal solutions to sustainable energy chaLLenges. Its potential in
revolutionizing energy storage and delivery is undeniable. and nations across the world are
recognizing hydrogen as a vital energy carrier for the future.
Estonia has been at the forefront ofdeveloping sustainable energy technologies. and our vision for
the “Hydrogen Valley” stands as a testament to our cornmitment. This initiative not only showcases
our nation’s aspiration but also positions Estonia as one of the hubs ofhydrogen-based innovation
in Europe.
It is pararnount for the European Union to he self-reliant and cornpetent in ali facets of the
hydrogen economy. PowerUP Fuel Cells O) has shown exemplary prowess in developing Proton
Exchange Mernbrane (PEM) fuel cells and their advancernents in air-cooled fuel cclls specifically
make them a leader in the field, reflecting both ingenuity and expertise.
In conclusion, 1 urge the Innovation Fund to recognize the value, potential, and tirnely relevance
of PowerUP Fuel Cells OO’s contribution. Estonia, with its ambitious ‘Hydrogen Valley’, stands
ready to support and benefit from such innovations, and 1 believe that with the right backing,
PowerUP can elevate the European Unions position in the giobal hydrogen economy.
With utnJ.qprt?
Tiit Riisalo
Minister ofEconomic Affairs and Information Technology
Marta Irina Volrnre
+372 625 6311
[email protected]
Suur-Ameerika 1 / 10122 Tallinii / ESTONIA
Phone: +372 625 6342 / Fax: +372 631 3660 / E-rnail: info(n1krn.ee / http://www.mkrn.ee