SFC Energy

Last updated
SFC Energy AG
Company type Public
ISIN DE0007568578
Industry Energy industry
Founded2000;24 years ago (2000) (as Gigantus Vermögensverwaltung)
Headquarters,
Products fuel cells
Revenue118.15 million Euro  (2022)
Number of employees
326 (2022)
Website www.sfc.com

SFC Energy is a manufacturer of direct methanol and hydrogen fuel cells based in Brunnthal near Munich. The company also develops solutions[ buzzword ] for off-grid and stationary power generation and distribution. This also includes the production of voltage converters and switching power supplies. [1] The fuel cells are produced at the headquarters in Brunnthal. Other production sites are located in Almelo in the Netherlands (PBF Group, development & production of power electronics), in Romania (PBF Power) and in Canada (Simark Controls division).

Contents

History

Gigantus Vermögensverwaltung was founded in 2000 and transformed into Smart Fuel Cell GmbH (SFC) in 2002. In 2006, the company was transformed into a stock corporation. The change from the open market to the Prime Standard of the Frankfurt Stock Exchange in May 2007 was combined with a capital increase and generated around 57 million euros.

The company was renamed SFC Energy in 2010. In November 2010, Holland Private Equity (HPE) acquired around 25 percent of the shares from company founder Manfred Stefener and PRICAP Venture Partners and thus became a major shareholder in the company. The company has been listed on the OTC market since April 2006. The largest shareholder is HPE PRO Institutional Fund with around 25%, with around 48% of the shares in free float. The shares have been listed on the SDAX since December 2022.

In a period of over a decade following SFC's IPO in 2006, the company's balance sheet showed losses. The 57 million euros in issue proceeds were thus completely used up. [2] A significant profit was achieved in 2018. [3] Turnover increased from 32.4 million euros in 2013 [2] to 279 million euros at the end of 2018. [3]

In the fourth quarter of 2011, the company acquired the Dutch PBF Group, which had emerged from Philips in 1999. [4]

In January 2020, it was announced that SFC Energy will supply emergency power supply systems for mobile phone stations in Germany in cooperation with the Canadian company Ballard Power Systems and the German company AdKor. [5]

Products

SFC products are used to supply off-grid power to industrial, public and private users. According to the company, it had sold over 41,000 fuel cells by January 2019 [6] (January 2016: 34,000; January 2017: 35,000 [7] ) for the leisure, industrial and defense & security sectors. SFC Energy's fuel cell systems are direct methanol fuel cells (DMFC). The DMFC product lines include small, portable units (e.g. in the defense & security sector) as well as more powerful, transportable units, e.g. as portable units or trailer systems. Another field of activity is electronic components such as voltage converters and switching power supplies for industry, which SFC develops, produces and sells internationally. The products are increasingly supplied as system solutions[ buzzword ] for power supply. In addition to the DMFC product line, fuel cells that run on hydrogen instead of methanol have been offered since 2019.

Related Research Articles

<span class="mw-page-title-main">Fuel cell</span> Device that converts the chemical energy from a fuel into electricity

A fuel cell is an electrochemical cell that converts the chemical energy of a fuel and an oxidizing agent into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from substances that are already present in the battery. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.

Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products for markets such as heavy-duty motive, portable power, material handling as well as engineering services. Ballard has designed and shipped over 400 MW of fuel cell products to date.

<span class="mw-page-title-main">Gasification</span> Form of energy conversion

Gasification is a process that converts biomass- or fossil fuel-based carbonaceous materials into gases, including as the largest fractions: nitrogen (N2), carbon monoxide (CO), hydrogen (H2), and carbon dioxide (CO2). This is achieved by reacting the feedstock material at high temperatures (typically >700 °C), without combustion, via controlling the amount of oxygen and/or steam present in the reaction. The resulting gas mixture is called syngas (from synthesis gas) or producer gas and is itself a fuel due to the flammability of the H2 and CO of which the gas is largely composed. Power can be derived from the subsequent combustion of the resultant gas, and is considered to be a source of renewable energy if the gasified compounds were obtained from biomass feedstock.

Methanol fuel is an alternative biofuel for internal combustion and other engines, either in combination with gasoline or independently. Methanol (CH3OH) is less expensive to sustainably produce than ethanol fuel, although it is more toxic than ethanol and has a lower energy density than gasoline. Methanol is safer for the environment than gasoline, is an anti-freeze agent, prevents dirt and grime buildup within the engine, has a higher ignition temperature, and produces horsepower equivalent to that of super high-octane gasoline. It can readily be used in most modern engines. To prevent vapor lock due to being a simple, pure fuel, a small percentage of other fuel or certain additives can be included. Methanol may be made from fossil fuels or renewable resources, in particular natural gas and coal, or biomass respectively. In the case of the latter, it can be synthesized from CO2 (carbon dioxide) and hydrogen. The vast majority of methanol produced globally is currently made with gas and coal. However, projects, investments, and the production of green-methanol has risen steadily into 2023. Methanol fuel is currently used by racing cars in many countries and has seen increasing adoption by the maritime industry.

<span class="mw-page-title-main">Direct methanol fuel cell</span> Type of fuel cell

Direct methanol fuel cells or DMFCs are a subcategory of proton-exchange fuel cells in which methanol is used as the fuel. Their main advantage is the ease of transport of methanol, an energy-dense yet reasonably stable liquid at all environmental conditions.

<span class="mw-page-title-main">Methanol economy</span>

The methanol economy is a suggested future economy in which methanol and dimethyl ether replace fossil fuels as a means of energy storage, ground transportation fuel, and raw material for synthetic hydrocarbons and their products. It offers an alternative to the proposed hydrogen economy or ethanol economy, although these concepts are not exclusive. Methanol can be produced from a variety of sources including fossil fuels as well as agricultural products and municipal waste, wood and varied biomass. It can also be made from chemical recycling of carbon dioxide.

<span class="mw-page-title-main">Wärtsilä</span> Finnish energy and marine technology company

Wärtsilä Oyj Abp, trading internationally as Wärtsilä Corporation, is a Finnish company which manufactures and services power sources and other equipment in the marine and energy markets. The core products of Wärtsilä include technologies for the energy sector, including gas, multi-fuel, liquid fuel and biofuel power plants and energy storage systems; and technologies for the marine sector, including cruise ships, ferries, fishing vessels, merchant ships, navy ships, special vessels, tugs, yachts and offshore vessels. Ship design capabilities include ferries, tugs, and vessels for the fishing, merchant, offshore and special segments. Services offerings include online services, underwater services, turbocharger services, and also services for the marine, energy, and oil and gas markets. At the end of December 2022, the company employed 17,500 workers.

Formic acid fuel cells (direct formic acid fuel cells or DFAFCs) are a subcategory of direct liquid-feed fuel cells (DLFCs), in which the liquid fuel is directly oxidized (electrochemically) at the anode instead of reforming to produce hydrogen. Formic acid-based fuel cells represent a promising energy supply system in terms of high volumetric energy density, theoretical energy efficiency, and theoretical open-circuit voltage. They are also able to overcome certain problems inherent to traditional hydrogen (H2) feed fuel cells such as safe handling, storage, and H2 transportation.

Direct-ethanol fuel cells or DEFCs are a category of fuel cell in which ethanol is fed directly into the cell. They have been used as a model to investigate a range of fuel cell concepts including the use of PEM.

<span class="mw-page-title-main">WEG Industries</span> Brazilian electronics company

WEG is a Brazilian company, operating worldwide in the electric engineering, power and automation technology areas. Headquartered in Jaraguá do Sul, Brazil, the company produces electric motors, generators, transformers, turbines, drives, and coatings. WEG has operations in around 100 countries, with approximately 39,000 employees (2023). It's one the largest manufacturers of electric motors in the world.

<span class="mw-page-title-main">Reformed methanol fuel cell</span> Fuel Cell Type

Reformed Methanol Fuel Cell (RMFC) or Indirect Methanol Fuel Cell (IMFC) systems are a subcategory of proton-exchange fuel cells where, the fuel, methanol (CH3OH), is reformed, before being fed into the fuel cell.

Automotive Fuel Cell Cooperation (AFCC) was a Vancouver, British Columbia, Canada, based automotive fuel cell technology company. The company was formed on February 1, 2008 as a spin-off from its predecessor, Ballard Power Systems to allow for further expansion of fuel cell technology. After the split, Ballard continued as a publicly traded company focusing on non-automotive applications, while AFCC became a privately held company of 150 employees, developing hydrogen fuel cell stacks for automobiles. AFCC's initial ownership split was Daimler (50.1%), Ford Motor Company (30.0%), and Ballard itself (19.9%).

The Glossary of fuel cell terms lists the definitions of many terms used within the fuel cell industry. The terms in this fuel cell glossary may be used by fuel cell industry associations, in education material and fuel cell codes and standards to name but a few.

<span class="mw-page-title-main">Viaspace</span>

Viaspace is a clean energy company focused on commercializing technologies from NASA, Caltech, University of Southern California and the United States Department of Defense. The company operates in the alternative energy, renewable energy, and chemical sensing sectors. The company is associated with the Jet Propulsion Lab (JPL) and the California Institute of Technology through its CEO, Dr. Carl Kukkonen.

SymPowerco is an energy technology company developing the Flowing Electrolyte Direct Methanol Fuel Cell. SymPowerco’s majority-owned (70%) subsidiary, Polygenic Power Systems or Polygenic Power Corp., is in charge of the development of SymPowerco's various technologies.

Membraneless Fuel Cells convert stored chemical energy into electrical energy without the use of a conducting membrane as with other types of Fuel Cells. In Laminar Flow Fuel Cells (LFFC) this is achieved by exploiting the phenomenon of non-mixing laminar flows where the interface between the two flows works as a proton/ion conductor. The interface allows for high diffusivity and eliminates the need for costly membranes. The operating principles of these cells mean that they can only be built to millimeter-scale sizes. The lack of a membrane means they are cheaper but the size limits their use to portable applications which require small amounts of power.

The Fraunhofer Institute for Solar Energy Systems ISE is an institute of the Fraunhofer-Gesellschaft. Located in Freiburg, Germany, The Institute performs applied scientific and engineering research and development for all areas of solar energy. Fraunhofer ISE has three external branches in Germany which carry out work on solar cell and semiconductor material development: the Laboratory and Service Center (LSC) in Gelsenkirchen, the Technology Center of Semiconductor Materials (THM) in Freiberg, and the Fraunhofer Center for Silicon Photovoltaics (CSP) in Halle. From 2006 to 2016 Eicke Weber was the director of Fraunhofer ISE. With over 1,100 employees, Fraunhofer ISE is the largest institute for applied solar energy research in Europe. The 2012 Operational Budget including investments was 74.3 million euro.

<span class="mw-page-title-main">Horizon Fuel Cell Technologies</span> Fuel cell manufacturers

Horizon Fuel Cell Technologies is a manufacturer of hydrogen fuel cells based in Singapore. Founded in 2003, the company manufactures micro-size to multi-kilowatt scale (PEM) proton exchange membrane fuel cells. Additionally, it uses hydrogen storage and production methods, including hydrolysis, electrolysis and steam reforming.

High Temperature Proton Exchange Membrane fuel cells (HT-PEMFC), also known as High Temperature Polymer Electrolyte Membrane fuel cells, are a type of PEM fuel cells which can be operated at temperatures between 120 and 200°C. HT-PEM fuel cells are used for both stationary and portable applications. The HT-PEM fuel cell is usually supplied with hydrogen-rich gas like reformate gas formed by reforming of methanol, ethanol, natural gas or LPG.

References

  1. "SFC Energy I Brennstoffzellen Pionier mit Erfahrung". SFC Energy (in German). Retrieved 2024-03-15.
  2. 1 2 "Geschäftsbericht 2013" (PDF). Investoren >Finanzberichte & -kalender. SFC Energy AG. 2014. Retrieved 2019-04-03.
  3. 1 2 "Kennzahlen". Investoren > Kennzahlen. SFC Energy AG. 2019. Retrieved 2019-04-03.
  4. "Company - SFC Energy B.V." SFC Power. Retrieved 2024-03-15.
  5. "Ballard Signs ESAs for Fuel Cell Stacks to Support Backup Power Systems at German Radio Towers". Ballard Power Systems. 2020-01-13. Retrieved 2020-04-04.
  6. "SFC Energy erhält Folgeauftrag der Bundeswehr für portables SFC Energienetzwerk mit Brennstoffzelle". Investoren, News, Pressemitteilung. SFC Energy AG. 2019-01-22. Retrieved 2019-04-03.
  7. "Indisches Innenministerium setzt auf Brennstoffzellen von SFC Energy". Investoren, Pressemitteilung vom 11. Januar 2017. SFC Energy AG. 2017-01-11. Retrieved 2019-04-03.