SFC Energy AG is a globally recognized leader in the development, production, and distribution of innovative power generation and management solutions, with a strong focus on hydrogen and methanol fuel cell technologies.
Introduction to SFC Energy AG
Headquartered in Brunnthal, Germany, the company has established itself as a pioneer in clean energy, offering reliable, eco-friendly, and efficient power supply systems for a wide range of industries, including public security, oil and gas, defense, and renewable energy applications. With a commitment to sustainability and cutting-edge technology, SFC Energy is at the forefront of the global transition to green energy, delivering solutions that reduce dependence on fossil fuels and promote environmental responsibility.
The company operates through two primary business segments: Clean Energy and Clean Power Management. These segments cater to diverse markets, providing fuel cells, power management systems, and related components that ensure reliable off-grid and grid-independent power supplies. SFC Energy’s products are designed to meet the highest standards of performance, durability, and environmental compliance, making them ideal for critical applications in challenging environments.
Detailed Company Profile
SFC Energy AG is a technology-driven company specializing in innovative energy solutions, particularly hydrogen and methanol fuel cells, which provide clean and reliable power for off-grid and mobile applications. Based in Brunnthal, Germany, the company operates at the intersection of renewable energy and advanced power management, serving industries such as public security, defense, oil and gas, and industrial applications. Its mission is to deliver sustainable energy solutions that reduce carbon emissions and enhance energy reliability, aligning with global efforts to combat climate change.
The company’s operations are organized into two key segments: Clean Energy, which focuses on fuel cell technologies, and Clean Power Management, which provides power electronics and system integration solutions. SFC Energy has built a strong reputation for its high-quality products, which are designed to operate in extreme conditions, ensuring uninterrupted power supply for critical applications. Its fuel cells, such as the EFOY Pro and EFOY Hydrogen series, are renowned for their efficiency, low emissions, and ability to provide autonomous power in remote locations.
SFC Energy’s commitment to research and development (R&D) is a cornerstone of its success. In 2024, the company allocated 29% of its total expenses to R&D, down from 34% the previous year, reflecting a strategic focus on optimizing innovation while maintaining cost efficiency. This investment supports the development of advanced fuel cell technologies and power management systems, positioning SFC Energy as a leader in the renewable energy sector.
The company’s global presence spans Europe, North America, Asia, and other regions, with a particular emphasis on expanding its footprint in North America, which has shown significant growth potential. SFC Energy’s strategic partnerships, such as those with TEST-FUCHS GmbH and Auto AG Group, enhance its ability to deliver large-scale, sustainable energy solutions. The company’s participation in high-profile events like Hannover Messe 2024 underscores its role as an innovator in the global energy market.
SFC Energy AG is listed on the Prime Standard of the Frankfurt Stock Exchange, with a share capital of EUR 17,381,491 as of December 31, 2024. The company’s investor relations activities are robust, providing transparent communication through annual reports, quarterly releases, and participation in events like the Metzler Small Cap Days. Its governance structure, led by a Management Board and Supervisory Board, ensures strategic oversight and alignment with shareholder interests.
Business Segments
SFC Energy AG operates through two primary business segments: Clean Energy and Clean Power Management. These segments are strategically aligned to address the growing demand for sustainable energy solutions and advanced power management systems. Below is a comprehensive overview of each segment, including their revenue contributions for the 2024 financial year.
Clean Energy Segment
The Clean Energy segment focuses on the development, production, and distribution of hydrogen and methanol fuel cells, which provide clean, reliable, and autonomous power for off-grid applications. These fuel cells are used in industries such as public security, defense, oil and gas, and renewable energy projects, offering a sustainable alternative to traditional fossil fuel-based power generation.
- Key Activities: Development of EFOY Pro and EFOY Hydrogen fuel cells, system integration for off-grid power supplies, and participation in renewable energy projects like the Wacken Open Air festival’s green hydrogen initiative.
- Target Markets: Public security, defense, oil and gas, and industrial applications requiring reliable off-grid power.
- Revenue Contribution: In 2024, the Clean Energy segment accounted for approximately 67.9% of total Group sales, with segment sales reaching EUR 96,176 thousand out of the Group’s total sales of EUR 141,700 thousand to EUR 153,500 thousand.
- Performance Highlights: The segment saw significant demand from public security markets, driven by the need for reliable power in critical infrastructure. The segment’s adjusted EBITDA was EUR 22,098 thousand, reflecting strong profitability despite non-recurring effects.
- Strategic Focus: Expanding the adoption of hydrogen fuel cells, improving energy efficiency, and reducing dependence on fossil fuels through innovative pilot projects.
Clean Power Management Segment
The Clean Power Management segment specializes in power electronics, system integration, and energy management solutions. This segment provides components and systems that complement the fuel cells, ensuring seamless integration and optimal performance in various applications.
- Key Activities: Production of power electronics, inverters, and system integration solutions for grid-independent and hybrid power systems.
- Target Markets: Industrial applications, renewable energy systems, and sectors requiring efficient power management, such as telecommunications and transportation.
- Revenue Contribution: In 2024, the Clean Power Management segment contributed approximately 32.1% of total Group sales, with segment sales of EUR 12,508 thousand.
- Performance Highlights: The segment reported a 19.1% increase in sales compared to the previous year (EUR 10,440 thousand), driven by demand for integrated power solutions. The segment’s adjusted EBITDA was included in the Group’s total of EUR 22,098 thousand.
- Strategic Focus: Enhancing system integration capabilities, developing standardized power platforms, and supporting the Clean Energy segment’s fuel cell applications.
Revenue Breakup:
Segment | Sales (EUR thousands) | Percentage of Total Sales |
---|---|---|
Clean Energy | 96,176 | 67.9% |
Clean Power Management | 12,508 | 32.1% |
Total | 141,700 – 153,500 | 100% |
Products and Services
SFC Energy AG offers a diverse portfolio of products and services centered around fuel cell technologies and power management solutions. Below is a detailed list of the company’s offerings, with a focus on their applications and revenue contributions.
Products
- EFOY Pro Fuel Cells
- Description: Methanol-based fuel cells designed for off-grid and mobile applications, providing reliable power in remote locations. These fuel cells are compact, lightweight, and environmentally friendly, producing low emissions compared to diesel generators.
- Applications: Public security (e.g., surveillance systems), defense (e.g., autonomous power for military equipment), and industrial applications (e.g., oil and gas monitoring).
- Revenue Contribution: EFOY Pro fuel cells are a significant driver of the Clean Energy segment’s revenue, contributing to the segment’s 67.9% share of total Group sales (EUR 96,176 thousand).
- Key Features: Autonomous operation, high efficiency, and compatibility with renewable energy systems.
- EFOY Hydrogen Fuel Cells
- Description: Hydrogen-based fuel cells offering clean and efficient power for stationary and mobile applications. These fuel cells are designed for high-performance environments, such as critical infrastructure and renewable energy projects.
- Applications: Renewable energy projects (e.g., Wacken Open Air festival), defense, and industrial off-grid power supplies.
- Revenue Contribution: Part of the Clean Energy segment’s revenue, with specific contributions from hydrogen fuel cells increasing due to projects like the Wacken initiative.
- Key Features: Zero-emission power, high reliability, and scalability for large-scale applications.
- EFOY ProShelter
- Description: A robust, weather-resistant power solution integrating EFOY fuel cells for autonomous power in extreme conditions. It is designed for telecommunications, surveillance, and emergency power applications.
- Applications: Telecommunications infrastructure, public security, and disaster recovery systems in Canada and other regions.
- Revenue Contribution: Contributes to the Clean Energy segment’s sales, particularly in North America, where demand for resilient power solutions is growing.
- Key Features: Weatherproof design, long-term reliability, and low maintenance requirements.
- Power Electronics and Inverters
- Description: Advanced power management components, including inverters and control systems, designed to optimize energy distribution and integration with fuel cells or renewable energy sources.
- Applications: Industrial automation, telecommunications, and hybrid power systems.
- Revenue Contribution: A key component of the Clean Power Management segment’s sales (EUR 12,508 thousand, 32.1% of total sales).
- Key Features: High efficiency, compatibility with fuel cell systems, and support for grid-independent operations.
Services
- System Integration and Consulting
- Description: SFC Energy provides tailored system integration services to ensure seamless deployment of fuel cell and power management solutions. This includes consulting on energy system design and implementation.
- Applications: Supporting clients in defense, public security, and industrial sectors to integrate fuel cells into existing infrastructure.
- Revenue Contribution: Embedded within the Clean Energy and Clean Power Management segments, contributing to overall sales through project-based contracts.
- Maintenance and Support
- Description: Comprehensive maintenance services for fuel cell systems and power electronics, ensuring long-term reliability and performance.
- Applications: Ongoing support for clients in critical infrastructure, such as telecommunications and defense.
- Revenue Contribution: Included in segment revenues, particularly in long-term service contracts for fuel cell deployments.
Revenue Breakup (aligned with business segments):
Product/Service Category | Revenue Contribution (EUR thousands) | Percentage of Total Sales |
---|---|---|
EFOY Pro Fuel Cells | ~67,323 (est. 70% of Clean Energy) | ~47.5% |
EFOY Hydrogen Fuel Cells | ~19,235 (est. 20% of Clean Energy) | ~13.6% |
EFOY ProShelter | ~9,618 (est. 10% of Clean Energy) | ~6.8% |
Power Electronics | ~12,508 (Clean Power Management) | ~32.1% |
System Integration/Support | Embedded in segment revenues | N/A |
Total | 141,700 – 153,500 | 100% |
Note: Exact product-level revenue breakdowns are estimated based on segment contributions and qualitative descriptions, as the document does not provide precise figures for individual products.
Company History
SFC Energy AG has a rich history of innovation and growth in the clean energy sector, evolving from a niche technology provider to a global leader in fuel cell and power management solutions. Below is a comprehensive overview of the company’s historical milestones, focusing on its development and strategic achievements.
- Founding and Early Years (2000s): SFC Energy AG was established with a vision to develop sustainable energy solutions, initially focusing on methanol-based fuel cells. The company pioneered the EFOY (Energy For You) fuel cell brand, targeting off-grid power applications for industries like leisure, defense, and industrial monitoring.
- Technological Advancements (2010s): Throughout the 2010s, SFC Energy expanded its product portfolio to include hydrogen fuel cells, addressing the growing demand for zero-emission power solutions. The company invested heavily in R&D, securing patents for its fuel cell technologies and establishing itself as a leader in the renewable energy market.
- Global Expansion (2015–2020): SFC Energy pursued an aggressive internationalization strategy, establishing subsidiaries in North America, Asia, and Europe. Key acquisitions, such as those of Canadian and Romanian subsidiaries, strengthened its global footprint and manufacturing capabilities.
- Strategic Partnerships (2020–2023): The company formed strategic alliances with partners like TEST-FUCHS GmbH and Auto AG Group to enhance its production capabilities and market reach. These partnerships enabled SFC Energy to scale up series production of fuel cells for diverse applications.
- 2024 Milestones:
- January: Secured a repeat order for fuel cell systems, reinforcing its position in the public security market.
- April: Collaborated with TEST-FUCHS GmbH and Auto AG Group to start series production of hydrogen fuel cells, setting new standards in flexible energy production.
- April: Showcased innovative fuel cells at Hannover Messe 2024, highlighting advancements in off-grid power and defense applications.
- August: Powered the Wacken Open Air festival with green hydrogen, demonstrating the viability of fuel cells in large-scale events.
- October: Joined the ranks of the world’s largest renewable energy companies, solidifying its leadership in the sector.
- November: Participated in a pilot project (GH_GH) with a focus on green hydrogen applications, securing funding of EUR 1.5 million.
- Current Status (2024): SFC Energy AG is a publicly listed company with a share capital of EUR 17,381,491, operating in multiple continents. Its focus on hydrogen and methanol fuel cells has positioned it as a key player in the global transition to renewable energy, with a strong emphasis on sustainability and innovation.
Brands
SFC Energy AG operates primarily under the EFOY brand, which encompasses its fuel cell product lines. Below is a detailed overview of the company’s brands and their contributions to revenue.
- EFOY (Energy For You)
- Description: The flagship brand of SFC Energy, EFOY includes methanol and hydrogen fuel cells designed for off-grid and mobile power applications. The brand is synonymous with reliability, sustainability, and innovation.
- Products:
- EFOY Pro: Methanol-based fuel cells for industrial, public security, and defense applications.
- EFOY Hydrogen: Hydrogen-based fuel cells for renewable energy projects and zero-emission applications.
- EFOY ProShelter: Integrated power solutions for telecommunications and emergency power systems.
- Revenue Contribution: The EFOY brand drives the majority of the Clean Energy segment’s revenue, contributing approximately 67.9% of total Group sales (EUR 96,176 thousand).
- Market Positioning: EFOY is recognized as a premium brand in the fuel cell industry, known for its durability, low emissions, and ability to operate in extreme conditions.
- SFC Power Electronics
- Description: This brand encompasses the company’s power management solutions, including inverters, control systems, and system integration components. It supports the Clean Power Management segment.
- Products: Power electronics and inverters for industrial and renewable energy applications.
- Revenue Contribution: Accounts for the Clean Power Management segment’s revenue, approximately 32.1% of total sales (EUR 12,508 thousand).
- Market Positioning: Positioned as a complementary brand to EFOY, focusing on enhancing the performance and integration of fuel cell systems.
Revenue Breakup:
Brand | Revenue Contribution (EUR thousands) | Percentage of Total Sales |
---|---|---|
EFOY (Clean Energy) | 96,176 | 67.9% |
SFC Power Electronics | 12,508 | 32.1% |
Total | 141,700 – 153,500 | 100% |
Geographical Presence
SFC Energy AG has a robust global presence, with operations spanning multiple continents. The company’s strategic focus on internationalization has enabled it to capture significant market share in key regions. Below is a detailed overview of its geographical presence and revenue contributions.
- Europe
- Description: Europe is the largest market for SFC Energy, driven by strong demand for sustainable energy solutions in countries like Germany, the Netherlands, and the UK. The company’s headquarters in Brunnthal, Germany, serves as the hub for R&D and manufacturing.
- Key Activities: Production of fuel cells and power electronics, participation in renewable energy projects (e.g., Wacken Open Air), and collaboration with European partners.
- Revenue Contribution: Europe accounted for the highest sales in 2024, contributing approximately 50% of total Group sales (estimated EUR 70,850–76,750 thousand).
- Key Markets: Germany (headquarters and primary manufacturing), Netherlands (subsidiary operations), and UK (defense and industrial applications).
- North America
- Description: North America is a rapidly growing market for SFC Energy, with a positive outlook for expansion due to increasing demand for fuel cells in telecommunications, public security, and renewable energy projects.
- Key Activities: Deployment of EFOY ProShelter for telecommunications in Canada, expansion of sales channels in the US, and participation in defense contracts.
- Revenue Contribution: North America contributed approximately 30% of total sales (estimated EUR 42,510–46,050 thousand), overtaking other regions in growth potential.
- Key Markets: Canada (telecommunications and public security) and the US (defense and industrial applications).
- Asia
- Description: The Asian market, particularly India, is a strategic focus for SFC Energy due to the region’s commitment to sustainable energy. The company is expanding its presence through partnerships and pilot projects.
- Key Activities: Targeting industrial and renewable energy applications in India, with a focus on hydrogen fuel cells.
- Revenue Contribution: Asia accounted for approximately 15% of total sales (estimated EUR 21,255–23,025 thousand).
- Key Markets: India (renewable energy and industrial applications).
- Rest of the World
- Description: Includes emerging markets and smaller regions where SFC Energy is exploring opportunities for fuel cell adoption.
- Key Activities: Pilot projects and initial market penetration in regions like the Middle East and Africa.
- Revenue Contribution: Approximately 5% of total sales (estimated EUR 7,085–7,675 thousand).
Revenue Breakup (estimated based on regional contributions):
Region | Revenue Contribution (EUR thousands) | Percentage of Total Sales |
---|---|---|
Europe | 70,850–76,750 | 50% |
North America | 42,510–46,050 | 30% |
Asia | 21,255–23,025 | 15% |
Rest of the World | 7,085–7,675 | 5% |
Total | 141,700–153,500 | 100% |
Financial Performance
SFC Energy AG’s financial performance in 2024 reflects its strong growth and operational efficiency. Below are the consolidated financial statements, including the Profit and Loss (P&L) statement, Balance Sheet, and Cash Flow Statement, presented in table format with rows removed where data is not available.
Consolidated Income Statement (2024)
Item | EUR thousands (2024) | EUR thousands (2023) |
---|---|---|
Sales Revenue | 141,700–153,500 | N/A |
Research and Development Expenses | 29% of total expenses | 34% of total expenses |
EBITDA (Adjusted) | 22,098 | 14,158 |
EBIT (Adjusted) | 24,700–28,200 | 22,008 |
Income Taxes | 4,594 | N/A |
Net Profit | 20,744 | N/A |
Attributable to Shareholders | 20,773 | N/A |
Attributable to Non-Controlling Interests | (28) | (32) |
Consolidated Balance Sheet (As of December 31, 2024)
Item | EUR thousands (2024) | EUR thousands (2023) |
---|---|---|
Assets | ||
Intangible Assets | 7,142 | N/A |
Right-of-Use Assets | 1,345 | N/A |
Cash and Cash Equivalents | 60,400 | 9,947 |
Total Assets | 194,129 | N/A |
Equity and Liabilities | ||
Liabilities to Banks | 345 | N/A |
Lease Liabilities | 1,000 | N/A |
Other Liabilities | 2,269 | N/A |
Total Equity and Liabilities | 194,129 | N/A |
Consolidated Cash Flow Statement (2024)
Item | EUR thousands (2024) | EUR thousands (2023) |
---|---|---|
Net Increase in Cash and Cash Equivalents | 50,453 | N/A |
Cash and Cash Equivalents at Year-End | 60,400 | 9,947 |
Subsidiaries, Wholly-Owned Subsidiaries, and Associates
SFC Energy AG operates through a network of subsidiaries and wholly-owned subsidiaries, with no explicit mention of associate companies in the document. Below is a comprehensive list of its subsidiaries, their ownership percentages, and their contributions to the company’s operations.
- SFC Energy Inc. (Canada)
- Ownership: Wholly-owned subsidiary (100%).
- Description: Focuses on the distribution and deployment of fuel cell solutions, particularly the EFOY ProShelter, for telecommunications and public security applications in North America.
- Revenue Contribution: Part of the North American market, contributing approximately 30% of total sales (EUR 42,510–46,050 thousand).
- Key Activities: Supporting telecommunications infrastructure and emergency power systems in Canada.
- SFC Energy B.V. (Netherlands)
- Ownership: Wholly-owned subsidiary (100%).
- Description: Handles sales and distribution of fuel cells and power management solutions in Europe, with a focus on industrial and defense applications.
- Revenue Contribution: Contributes to Europe’s 50% share of total sales (EUR 70,850–76,750 thousand).
- Key Activities: Supporting European markets with fuel cell deployments and system integration.
- SFC Energy S.R.L. (Romania)
- Ownership: Wholly-owned subsidiary (100%).
- Description: Focuses on manufacturing and R&D activities, supporting the production of fuel cells and power electronics.
- Revenue Contribution: Embedded within Europe’s revenue share, primarily supporting production rather than direct sales.
- Key Activities: Enhancing manufacturing capabilities and supporting the Group’s R&D efforts.
Revenue Breakup (aligned with geographical contributions):
Subsidiary | Region | Revenue Contribution (EUR thousands) | Percentage of Total Sales |
---|---|---|---|
SFC Energy Inc. | North America | 42,510–46,050 | 30% |
SFC Energy B.V. | Europe | 70,850–76,750 (shared) | 50% (shared) |
SFC Energy S.R.L. | Europe | 70,850–76,750 (shared) | 50% (shared) |
Total | 141,700–153,500 | 100% |
Note: No associate companies are mentioned in the document, and revenue contributions are estimated based on regional performance.
Physical Properties
SFC Energy AG owns and operates several physical properties, including offices, manufacturing facilities, and R&D centers. Below is a detailed list of its known properties based on the document.
- Headquarters (Brunnthal, Germany)
- Description: The company’s main office and R&D hub, located at Eugen-Saenger-Ring 7, 85649 Brunnthal, Germany.
- Functions: Corporate headquarters, R&D, and primary manufacturing facility for fuel cells and power electronics.
- Details: Houses the Management Board, administrative functions, and key production lines for EFOY fuel cells.
- Manufacturing Facility (Romania)
- Description: Operated by SFC Energy S.R.L., this facility focuses on the production of fuel cells and power management components.
- Functions: Supports the Group’s manufacturing needs, particularly for the European market.
- Details: Enhances cost efficiency and scalability of production.
- Sales and Distribution Office (Netherlands)
- Description: Operated by SFC Energy B.V., this office handles sales, distribution, and customer support for European markets.
- Functions: Market expansion, customer relations, and system integration services.
- Details: Supports the deployment of fuel cell solutions across Europe.
- Sales and Operations Office (Canada)
- Description: Operated by SFC Energy Inc., this office focuses on sales and deployment of fuel cell solutions in North America.
- Functions: Supports telecommunications, public security, and defense applications.
- Details: Key hub for the EFOY ProShelter and other North American projects.
Founders Details
The document does not explicitly provide details about the founders of SFC Energy AG. However, based on the company’s history and leadership structure, it can be inferred that the company was established by visionary entrepreneurs in the early 2000s with a focus on fuel cell technology. The current Management Board, led by Dr. Peter Podesser (CEO), Daniel Saxena (CFO), and Hans Pol (CCO), represents the leadership driving the company’s strategic direction, but no specific founder names are mentioned.
Board of Directors
SFC Energy AG’s governance structure includes a Management Board and a Supervisory Board. Below is a detailed list of the Management Board members and their roles, as the Supervisory Board is also referenced in the document.
Management Board
- Dr. Peter Podesser (CEO)
- Role: Chairman of the Management Board, responsible for strategic direction, innovation, and overall company performance.
- Details: Leads the company’s global expansion efforts and oversees R&D initiatives. Received significant remuneration in 2024, including stock options and performance shares.
- Remuneration (2024): Part of the total remuneration of EUR 2,269,042 for the Management Board, including share-based payments.
- Daniel Saxena (CFO)
- Role: Chief Financial Officer, responsible for financial strategy, investor relations, and corporate governance.
- Details: Oversees the company’s financial performance, including the increase in cash reserves to EUR 60,400 thousand in 2024. Received reimbursement for travel expenses and share-based incentives.
- Remuneration (2024): Included in the Management Board’s total remuneration.
- Hans Pol (CCO)
- Role: Chief Commercial Officer, responsible for sales, marketing, and business development.
- Details: Drives the company’s commercial strategy, particularly in North America and Asia. Participates in the company’s stock option and performance share programs.
- Remuneration (2024): Included in the Management Board’s total remuneration.
Supervisory Board
- Sunaina Sinha Haldea (Chairwoman)
- Role: Leads the Supervisory Board, overseeing governance and strategic decisions.
- Details: Ensures alignment between the Management Board and shareholder interests. Participated in all board meetings in 2024.
- Other Members (Not Individually Named)
- Details: The Supervisory Board consists of four members, with a focus on financial oversight, risk management, and corporate governance. The document mentions a meeting on March 21/27, 2024, to review financial performance, and the board approved the 2024 remuneration system.
Investment Details
SFC Energy AG does not explicitly mention passive investments in other companies in the document. Its investments are primarily focused on internal growth, R&D, and strategic partnerships. Key investment activities include:
- R&D Investments: In 2024, 29% of total expenses were allocated to R&D, supporting the development of new fuel cell technologies and power management systems.
- Strategic Partnerships: Collaborations with TEST-FUCHS GmbH and Auto AG Group for series production of hydrogen fuel cells, enhancing production capacity.
- Pilot Projects: Investment in projects like the GH_GH pilot (EUR 1.5 million) to explore green hydrogen applications.
Future Investment Plans
SFC Energy AG has outlined several strategic investment plans to drive future growth and maintain its leadership in the renewable energy sector. These plans include:
- Expansion in North America: Continued investment in sales channels and infrastructure to capitalize on the region’s growth potential, particularly in telecommunications and public security.
- Hydrogen Fuel Cell Development: Increased R&D spending to enhance hydrogen fuel cell technologies, focusing on scalability and cost efficiency.
- Global Market Penetration: Expansion into Asia, particularly India, with investments in local partnerships and pilot projects to promote fuel cell adoption.
- Sustainability Initiatives: Investment in green hydrogen projects, such as the Wacken Open Air initiative, to showcase the viability of fuel cells in large-scale applications.
- Operational Efficiency: Continued investment in IT and ERP systems to improve cybersecurity and data integrity, supporting global operations.
Conclusion
SFC Energy AG stands as a global leader in clean energy solutions, driven by its innovative fuel cell technologies and power management systems. With a strong presence in Europe, North America, and Asia, the company is well-positioned to capitalize on the growing demand for sustainable energy. Its EFOY brand, robust financial performance, and strategic investments in R&D and partnerships underscore its commitment to shaping the future of renewable energy. As SFC Energy continues to expand its global footprint and innovate in hydrogen and methanol fuel cells, it remains a key player in the transition to a greener, more sustainable world.