SFC Energy Acquires Ballard Power’s Small Stationary Business to Boost Hydrogen Fuel Cell Operations
SFC Energy acquires Ballard Power Systems’ Small Stationary Business, enhancing its hydrogen fuel cell market position with new assets and technology. The move includes a long-term supply agreement and aims to generate revenue and positive financial contributions by 2025. SFC’s share price showed a slight decline post-announcement, amid broader market trends.
SFC Energy has strengthened its position in the hydrogen fuel cell market by acquiring the assets and technology of Ballard Power Systems Europe A/S’s Small Stationary Business. This acquisition includes both intellectual property and an existing customer base, enabling SFC Energy to enhance its market leadership in hydrogen fuel cells under 50 kW. Additionally, it establishes a subsidiary in Denmark and secures a long-term supply agreement with Ballard, ensuring operational continuity for customers. The new business is projected to generate mid-single-digit million-euro revenue and contribute positively to EBITDA and EBIT by 2025. The company’s share price stood at €20.025 at the time of the announcement, falling slightly to €19.990 shortly after, amid broader market trends as the SDAX index dipped 0.50%.
SFC Energy is a company focused on developing and delivering clean energy solutions, particularly in hydrogen fuel cells. The acquisition of Ballard Power’s Small Stationary Business aligns with SFC’s growth strategy, emphasizing market penetration and technology development. This move reinforces SFC’s capabilities in providing stationary power solutions using hydrogen technology, particularly in Northern Europe, which is becoming increasingly relevant in the transition to green energy.
SFC Energy’s acquisition of Ballard Power Systems’ Small Stationary Business marks a significant advancement in its strategy to lead in the hydrogen fuel cell market. The deal not only boosts SFC’s technological and market standing but also ensures a stable revenue stream as it aims for growth in the coming years through its Danish subsidiary and continued partnerships. This strategic acquisition reflects SFC’s commitment to expanding its footprint in the clean energy sector.
Original Source: www.wallstreet-online.de