SFC Energy AG

  • WKN: 756857
  • ISIN: DE0007568578
  • Land: Deutschland

Nachricht vom 08.06.2020 | 07:30

SFC Energy receives call-off order for hydrogen fuel cells in the amount of more than EUR 2.5 million - Broad support program boosts the process of replacing diesel generators

DGAP-News: SFC Energy AG / Key word(s): Incoming Orders
08.06.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

SFC Energy AG - Corporate News

SFC Energy receives call-off order for hydrogen fuel cells in the amount of more than EUR 2.5 million - Broad support program boosts the process of replacing diesel generators

- Call-off order is part of the framework agreement between SFC Energy and adKor with a volume of more than EUR 2.5 million

- JUPITER hydrogen fuel cells by SFC complement adKor's emergency power systems to ensure more than 100 emergency back-up power supplies for BOSNet radio tower sites

- Federal Government support program boosts the process of replacing diesel aggregates with hydrogen fuel cells despite coronavirus pandemic

Brunnthal/Munich, Germany, June 8, 2020 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading provider of hybrid power solutions to the stationary and mobile power generation markets, has received a large-scale call-off order for hydrogen fuel cells. Together with its cooperation and license partner adKor GmbH in Wildau, Germany, SFC will deliver JUPITER fuel cell systems installed in switch cabinets for radio towers sites in another German federal state until December 2020. The call order has a volume of more than EUR 2.5 million for more than 100 locations. It is planned to equip up to 1,500 radio sites all across Germany. The goal of the Federal Government is to make the digital radio of the authorities (BOSNet) future-oriented by providing a sustainable emergency back-up power in every respect.

The hydrogen fuel cell represents a key technology in this context. There are numerous advantages. It is gradually being installed as an alternative energy supply and offers low-maintenance operation compared to conventional diesel generators. Furthermore, the hydrogen fuel cell does not emit CO2 but only water vapor. At the same time, it can reliably supply energy over a longer period of time. A standard hydrogen cylinder with a volume of 50 liters provides more than seven hours of power at a capacity of 2.5 kilowatt-hours (kWh). As a requirement of the users, the locations to be equipped are supplied with hydrogen for 72 hours of emergency power. Another advantage is the very low noise emission compared to diesel generators.

The German government has set up a broad support program for this exchange. The additional costs that arise from the purchase of a hydrogen fuel cell compared to a diesel generator are partially compensated by the Federal Government. This additional incentive is currently leading to a sustainable increase in demand for hydrogen fuel cell solutions.

"Germany is undergoing a major rethinking process towards a sustainable energy supply. The recently adopted economic stimulus package of the Federal Government is an impressive proof of this. As a pioneer of fuel cell technology, we are pleased not only to be able to support this process but also to shape it with our many years of experience. Hydrogen and fuel cells are key technologies here, which make clean energy storable and transportable, but can also be used in a decentralized manner tailored to the requirements of the user. In the future we are also thinking about the use of green hydrogen," says Dr. Peter Podesser, CEO of SFC Energy.

"The large-volume call-off order confirms the sustainable performance of our hydrogen fuel cell solutions. They do not only supply energy and reduce emissions, they also combine the many years of profound know-how of two strong partners for a greener future," says Hartmut Kordus, Managing Director of adKor GmbH.

For more information on SFC Energy's off-grid power solutions for Clean Energy & Mobility, Defense & Security, Oil & Gas, and Industry, please visit sfc.com.

About SFC Energy Group
SFC Energy AG is a leading provider of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power solutions. With more than 45,000 fuel cells sold worldwide, SFC Energy is a sustainably profitable fuel cell producer. The Company has award-winning products and serves a range of applications in Clean Energy & Mobility, Defense & Security, Oil & Gas and Industry markets. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578).

SFC Press Contact:
Jens Jüttner
Tel. +49 89 125 09 03-32
Email: pr@sfc.com
Web: sfc.com

IR Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. +49 89 125 09 03-33
Email: susan.hoffmeister@sfc.com
Web: crossalliance.de


08.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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