FC TecNrgy Signs MoU with partner SFC Energy, AG Germany and Navratna Defence PSU Bharat Electronics Limited (BEL) to address India’s Sustainable Energy Needs
Delhi, September 07, 2021: FC TecNrgy Pvt Ltd (FCTec), SFC Energy-AG, Germany & Navratna Defence PSU Bharat Electronics Limited (BEL) have entered into a Memorandum of Understanding (MoU) for cooperation in addressing the emerging requirement of sustainable energy in India through supply of hydrogen and fuel cells.
Reliable and sustainable power supply is an area which has been a major challenge for the Indian security forces while operating in remote, high-altitude areas, deserts, island territories, Naxal affected areas and more. The partnership aims to jointly address the off-grid power needs of the country, including mission critical requirements of the Indian Armed Forces, Homeland Security agencies and a range of additional applications through highly proven and customized green energy solutions based on Fuel Cells.
The tie-up combines BEL’s engineering and large-scale production strengths with SFC’s outstanding expertise in Fuel Cells and FCTec’s system integration and installation know-how. The MoU is in line with the Government of India’s initiative for adoption of green energy solutions.
Mrs Anandi Ramalingam, Officiating CMD, BEL said: “BEL is increasingly focusing on providing our Defence and Homeland Security Forces with sustainable and reliable sources of power including energy storage. We see this relationship with SFC Energy-AG and FCTec as a strategic move wherein we shall be able to address the critical gap in proven, customized and green energy solutions for our Indian security forces. BEL has taken the lead to address growing energy needs through contemporary solutions based on Fuel Cells.”
BEL is a multi-product, multi-technology, multi-Unit conglomerate having products in the areas of Radars, Missile Systems, Military Communications, Naval Systems, Electronic Warfare & Avionics, C4I Systems, Electro Optics, Tank Electronics & Gun/Weapon System Upgrades and Electronic Fuzes in the Defence segment. BEL’s non-Defence business segment includes areas such as Electronic Voting Machines, Homeland Security & Smart Cities, Solar and alternate energy solutions, Satellite Integration & Space Electronics, Railways, AI, Cyber Security, Software as a Service, Energy Storage Products etc.
About SFC Energy AG
SFC Energy AG is a leading provider of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions. With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable Fuel Cell producer. The Company distributes its award-winning products worldwide and has sold more than 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich and operates production facilities in Germany, the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857, ISIN: DE0007568578).
“Fuel cells are a sustainable, environmentally friendly power generation technology. By replacing conventional diesel generators, it is significantly decarbonizing the footprints of users and therefore contributing to achieve long term climate targets With this cooperation, we are combining the expertise of no less than three companies and responding to the growing demand for alternative energy supply solutions based on fuel cells. The merger with Bharat Electronics and FC TecNrgy will set up the process dynamics more efficiently and further strengthen our exposed market position in India,” says Dr. Peter Podesser, CEO of SFC Energy AG.
About FC TecNrgy
FC TecNrgy is the first Indian company to formally introduce and induct Methanol Fuel Cells in India. The firm specialises in designing hybrid energy solutions that are integrated using in-house Energy Management Systems of FC TecNrgy. The Company has been an exclusive partner of SFC Energy since 2016. The firm has generated awareness on Fuel Cells through thought leadership, direct marketing campaigns, multiple validations and extensive pan-India field trials of Fuel Cell solutions over the last five years leading to an increasing interest and demand for such systems in India.
Colonel Karandeep Singh (Retired), the Founder of FC TecNrgy Pvt Ltd mentioned “Our partnership with SFC with their proven Fuel Cells coupled with our ability to customize these systems for Indian conditions, hybridizing cum integrating them with other energy sources and managed by our Energy Management systems, has enabled us to field these highly reliable, contemporary and versatile green Energy solutions in India. We have found the perfect partner in Bharat Electronics Limited, who bring in their strong value add of technological processes, world class infrastructure and a large number of existing and new Defence programs which they are working on to make this MoU an ideal platform that will benefit our Armed Forces, the Ministry of Home, Disaster Management and other agencies.”