SFC Energy to acquire small stationary hydrogen fuel cell business of Ballard Power Systems.

SFC Energy, a direct methanol and hydrogen fuel cells manufacturer, agreed to acquire small stationary hydrogen fuel cell business of Ballard Power Systems, an innovative clean energy fuel cell solutions provider. Financial terms were not disclosed. “We have served as a long-standing supplier of PEM fuel cell stacks to SFC for some of its hydrogen-based stationary power products. During this time, we have developed trust in SFC’s business strategy, team and technical capabilities. We believe the consolidation by SFC Energy of our proven 1.7 kW and 5 kW PEM fuel cell solutions into their growing product portfolio of low-power hydrogen fuel cells in the stationary power markets will provide significant value for our existing customer base. We at Ballard are confident that SFC will successfully build on our work, and we look forward to continuing to serve SFC as a trusted stack supplier,” Randy MacEwen, Ballard Power Systems CEO.