SFC Energy AG and its strategic partner FC TecNrgy (FCT) Pvt Ltd. win another major order from the Indian Ministry of Defence for stationary fuel cell generators

• Second major order in 2023 within two months for SFC and FCT
• Order value of more than EUR 17.5 million
• Order is part of the "Make in India" initiative

Brunnthal/Munich, Germany, May 30, 2023 – SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, together with its strategic partner FC TecNrgy Pvt Ltd ("FCTec"), has received a major order from the Indian Defense Force for the supply of 900 stationary methanol fuel cell generators. The order covers the supply of the systems over a period of one year as well as their servicing and maintenance over a period of five years. The initial order volume amounts to more than EUR 17.5 million. The fuel cell solutions will be assembled by SFC's Indian subsidiary SFC Energy India Ltd. and FCT at the new production facility in Gurgaon, Haryana (India). This order follows the earlier major order from the Indian Defence Force for the delivery of 450 portable methanol fuel cell systems with a volume of more than EUR 16 million, announced on March 6, 2023.

The stationary fuel cell solutions produce clean electricity and can be used by infantry and special forces units for parallel charging of multiple batteries and for powering sensors, monitoring and communication systems and basic field electrification. Their use is often in remote areas, at high altitudes and under extreme climatic conditions. SFC Energy's variable power solutions are highly reliable, easy to transport, and feature economical consumption of the fuel methanol.

The Indian government is increasingly looking to replace fossil fuel-based polluting energy systems such as diesel generators with sustainable energy solutions in order to significantly reduce CO₂ emissions. The order for the stationary fuel cell generators is part of the Indian government's "Make in India" initiative.

Dr. Peter Podesser, CEO of SFC Energy AG: "The second major order from the Indian defense forces within a short time along with the establishment of our Indian subsidiary underlines our confidence in the enormous business potential in this market. In addition, the order is a strong signal from the Indian government to reduce CO₂ emissions and a contribution to the announced political measures to promote clean energy solutions, including fuel cells. The production of efficient and low-emission fuel cell solutions will be part of the 'Make in India' initiative. Therefore SFC Energy brings its decades of expertise in fuel cell technology as well as the experience of more than 60,000 worldwide sold fuel cells to support the Indian government in its ambitious climate protection goals, including the 'National Green Hydrogen Mission'. Together with our strategic partner FCT we are working towards the vision of a climate-neutral society and this order also pays off for an ecological, sustainable energy transition.”

"The fuel cell generators jointly developed by FC TecNrgy Pvt and SFC Energy are extremely robust and ideally suited for the operations of the Indian Defense Forces. Even under the most difficult environmental and climatic conditions, they provide self-sufficient and reliable power. We are very excited about the second major order from the Indian Army producing the state-of-the-art fuel cells together with SFC Energy in India under the 'Make in India' initiative for self-reliance," says Colonel (Retd.) Karandeep Singh, Managing Partner of FCT Energy.

For more information on SFC Energy's Clean Energy and Clean Power Management solutions, visit sfc.com.

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 60,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich and operates production facilities in Germany, the Netherlands, Romania, Canada and India. SFC Energy AG is listed on the Deutsche Boerse Prime Standard and has been part of the selection index SDAX since 2022 (GSIN: 756857, ISIN: DE0007568578).

About FC TecNrgy Pvt Ltd.

FC TecNrgy is a Fuel Cell and Sustainable Energy Tech enterprise and the first company to commence marketing Methanol Fuel Cells in India. With over 6 years of experience in extended trials and validations, the company has now deployed more than 800 Fuel Cell Solutions in India as a back-up power to remote locations & critical infrastructures. We are the first venture in India to secure Fuel Cell contracts with the Indian Army, Indian Air Force, Ministry of Home and Smart Cities.

SFC IR and Press Contact:
Susan Hoffmeister
Phone: +49 89 125 09 03-33
Email: [email protected]
Web: www.sfc.com