BEL signs MoU with SFC Energy-AG and FC TecNrgy

New Delhi: The Bharat Electronics Limited (BEL) on Tuesday signed an MoU with a leading supplier of hydrogen and direct methanol fuel cells for stationary and mobile hybrid power supply solutions SFC Energy AG and FC TecNrgy Pvt Ltd (FCTec). 

 

The letter of intent forms the framework for the current and future cooperation between the three companies. The partners aim to address the rapidly developing market for off-grid, low-emission power supplies for Indian homeland security and disaster control, defense and a number of other applications. The declaration of intent aims to combine BEL's strengths in engineering and mass production with the outstanding fuel cell expertise of SFC and the system integration and installation know-how of FCTec. The partner network is aiming for local sales of EUR 50 to 100 million by 2025, SFC Energy mentioned.

 

BEL is a multi-product, multi-technology company with nine production sites across India, primarily a manufacturer of advanced electronic components for aerospace applications, and broad access to the Indian government market. The combination of BEL's specialist knowledge with SFC Energy's many years of know-how in the field of sustainable fuel cell technology is intended to address the growing need for sustainable energy in India.

 

“Fuel cells are a sustainable and environmentally friendly technology for generating electricity. By replacing conventional diesel generators, fuel cells significantly decarbonise the user's footprint and thus contribute to achieving long-term climate goals. 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 ”, says Dr. Peter Podesser, CEO of SFC Energy AG.

Anandi Ramalingam, acting CMD at BEL, comments: “BEL is increasingly concentrating on supplying defense and homeland security forces with sustainable and reliable energy sources, including energy storage. 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. BEL has taken on a pioneering role in meeting the growing energy demand with modern solutions based on fuel cells. "

 

 

“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. We are very proud to be one of the first Indian companies to create a fuel cell market with Indian government agencies. Our marketing and validation initiatives as well as the consistently positive user feedback have boosted the demand for these systems. We are very excited to sign this letter of intent with BEL and SFC Energy, which aims to take fuel cells in India to the next level, ”said Colonel a. D. Karandeep Singh, Managing Director of FC TecNrgy Pvt Ltd.

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