SFC Energy acquires assets from Ballard Power Systems for hydrogen fuel cell solutions

SFC Energy strengthens its hydrogen fuel cell portfolio by acquiring assets from Ballard Power Systems, extending its presence in Northern Europe and consolidating its leadership in stationary energy solutions.

Partagez:

SFC Energy AG (“SFC”), a leading provider of hydrogen and methanol fuel cells for stationary, portable, and mobile hybrid solutions, has announced the acquisition of strategic assets from Ballard Power Europe Systems A/S (“BPSE”). This transaction includes intellectual property rights, customer contracts in Scandinavia, and represents a major step in SFC’s international expansion strategy.

The agreement, concluded with SFC’s newly established Danish subsidiary, SFC Energy Denmark ApS (“SFC Denmark”), enables the company to expand its product range with two proven hydrogen fuel cell solutions with power outputs of 1.7 kW and 5 kW. The standardized design of these cells allows them to be clustered into multiple modules, facilitating adaptation to varying customer needs. This acquisition also strengthens BPSE’s installed base, primarily distributed across Northern European countries such as Denmark, Norway, Sweden, and Finland.

Technological Expansion and Market Leadership

With this acquisition, SFC Energy consolidates its position as a leader in the stationary hydrogen fuel cell market below 50 kW. The combination of SFC’s existing EFOY solutions and BPSE’s new offerings creates a comprehensive and competitive range, addressing the growing demand for sustainable energy solutions. This technological expansion allows SFC to offer the most complete product line in this power category worldwide.

Long-term service agreements and the acquired installed base provide a solid foundation for accelerated entry into the Northern European market. The establishment of SFC Denmark not only facilitates sales and service but also application engineering and local assembly, enhancing SFC’s capacity to respond quickly to market needs and ensure business continuity for existing customers.

Growth Strategy and Market Consolidation

SFC’s growth strategy is based on three main pillars: market penetration and international expansion, technological and intellectual property development, and complementary mergers and acquisitions. The acquisition of BPSE’s assets aligns perfectly with this strategy, enabling SFC to strengthen its market position and diversify its product portfolio.

By integrating BPSE’s hydrogen fuel cell solutions, SFC Energy expands not only its technological offering but also its network of clients and partners. This market consolidation allows SFC to leverage synergies along the entire value chain, from production to distribution and after-sales service. The acquisition also contributes to cost reduction and improved operational efficiency, thereby enhancing SFC’s competitiveness in the global market.

Financial Outlook and Future Development

The SFC board of directors expects this new business to generate revenues in the mid-single-digit million-euro range and contribute positively to EBITDA and EBIT as early as 2025. This financial projection reflects SFC’s confidence in the growth potential of the stationary hydrogen fuel cell market and the company’s ability to capitalize on the acquired assets.

Additionally, SFC Energy is committed to offering future employment to selected BPSE employees who possess key expertise in the field of hydrogen fuel cells. This integration of talent and knowledge enables SFC to strengthen its technical team and ensure a smooth transition for customers and business partners.

Executive Comments

Dr. Peter Podesser, CEO of SFC Energy AG, stated: “By integrating Ballard Power Systems’ expertise in this power range into our product portfolio, we will be able to offer our combined customer base the most comprehensive range of stationary hydrogen fuel cells below 50 kW worldwide. This transaction contributes to various elements of our defined and consistently pursued growth strategy.”

Randy MacEwen, CEO of Ballard Power Systems Inc., added: “We have confidence in SFC’s business strategy, team, and technical capabilities. We believe that SFC Energy will successfully develop our proven solutions and provide significant value to our existing customer base.”

The majority-Indigenous-owned Canadian manufacturer HyVera Distributed Energy is introducing an eCat pellet that instantly produces ultra-pure green hydrogen without external electricity and is counting on two pilot plants to simplify industrial supply.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Singapore-based hydrogen specialist Hydrexia seals a protocol with Indonesian gas giant Samator to deploy purification, transport and storage of hydrogen, betting on rapidly growing local demand and export outlets to the Asia-Pacific region.
Cadiz Inc. signs a memorandum of understanding with British company Hoku Energy for a large-scale energy project including green hydrogen, solar power, and digital infrastructure in the Californian desert, projecting annual revenues of up to $10mn.
BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.
Plug Power expands its partnership with Allied Green through a new 2 GW electrolyzer deal tied to a $5.5bn chemical plant in Uzbekistan.
Stargate Hydrogen launches 140 MW factory in Estonia with modular expansion model amid cautious hydrogen investment climate.
The European Commission is considering legal action over RED III delays, as regulatory uncertainty slows renewable hydrogen projects and Union-wide investment.
The Cour des comptes warns of the gap between France’s hydrogen ambitions and the reality of funding and available industrial capacity.