SFC Energy to cooperate on hydrogen and fuel cells in India
The partnership will be focused on fulfilling the growing demand for sustainable energy supply in India through hydrogen and fuel cells.
SFC Energy (a supplier of hydrogen and direct methanol fuel cells for power supply solutions) has partnered with Indian based companies Bharat Electronics Limited (BEL) (a state-owned company) and FC TecNrgy Pvt Ltd (FCTec) (facilitates with alternative energy management solutions).
Under the LoI, the partners aim for the rapidly emerging market of off-grid power supplies with low emissions that can be used in various places such as defence, disaster control and homeland security.
BEL will facilitate partnership with knowledge of engineering and mass production, while SFC Energy will facilitate its fuel cell expertise and FCTec will provide its knowledge of system integration and installation. The partners are aiming for local sales of € 50 to 100 million by 2025.
In India, most of the remote locations such as deserts, mountain ranges and glaciers of the Himalayas are still uncut from the national grid, and there is no other reliable power source except diesel generators. The diesel generators emit CO2 at quite a high rate. The fuel cell provided by SFC Energy will have the capability to use less fuel and facilitate abundant power. It also can be used in extreme weather conditions such as high altitudes and hot weather.
Anandi Ramalingam, CMD at BEL, said, “We see the cooperation with SFC Energy AG and FCTec as a strategic step to close the critical gap in proven, tailor-made and environmentally friendly energy solutions for our Indian security forces.”
Dr Peter Podesser, CEO of SFC Energy AG, said, “With this cooperation, we are bundling the know-how of three companies and responding to the growing demand for alternative energy supply solutions based on fuel cells. The cooperation with Bharat Electronics Ltd and FC TecNrgy will strengthen our market position in India.”
Colonel Karandeep Singh, MD of FC TecNrgy Pvt Ltd, said, “The complementary partners have the common goal of making the urgently needed contribution to the Indian market with reliable and intelligent energy solutions based on SFC fuel cells.”
