SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, has launched the manufacturing of hydrogen and methanol fuel cells at its New Delhi/Gurgaon site in India in the presence of Federal Minister Dr Robert Habeck. Together with the long-standing Indian partner FCTecNrgy Pvt Ltd (“FCT”), the production facility was built and handed over in just six months.
In the medium term, annual sales of around EUR 100 million are to be generated here with the development and production of innovative energy supply systems. The local production is in line with the “Make in India” initiative and will make an important contribution to a climate-friendly positioning of the Indian economy.
“Hydrogen and its derivatives will play an important role in this transformation. By producing locally, SFC Energy makes German technology more accessible to India and its economy, thus making an important contribution to the success of the energy transition,”
India has formulated its own targets for the expansion of renewable energies and the development of green hydrogen production by 2030. The Indian government is also striving to replace polluting energy systems such as diesel generators with sustainable energy solutions in order to significantly reduce CO2 emissions.
On 4 January 2023, the Indian government adopted the “National Green Hydrogen Mission” proclaimed by Prime Minister Narendra Modi, under which, for example, generators in railways, the military and in critical infrastructure will also be replaced with emission-free fuel cells.
The technology pioneer SFC Energy has already been active in India since 2016 and is now investing in the local market development as well as in its own production capacities. The mobile and stationary fuel cell solutions manufactured in the new factory produce clean electricity based on hydrogen and methanol.
SFC’s customers in India already include public sector clients and civilian users of clean hydrogen- and methanol-based power where grid supply is not available or not stable enough. Most recently, the company booked major orders worth EUR 33 million for fuel cell-based energy supply for the Indian armed forces. Other current major projects include the planned replacement of diesel generators at Indian Railway and Border Roads Directorate as well as various smart city projects.
Tags: Hydrogen Fuel Cells, Methanol fuel cell, SFC Energy
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