German company SFC Energy has finalized the acquisition of assets and customer contracts from Ballard Power Systems' European business, which includes stationary hydrogen fuel cell assets of various sizes at approximately 400 locations in Denmark, Norway, Sweden, and Finland. This move marks SFC's strategic expansion into Northern Europe. The acquired business is projected to generate sales in the mid-single-digit million Euro range and is expected to positively impact SFC's EBITA starting from 2025. Concurrently, Ballard Power Systems announced a significant restructuring effort to reduce operational expenses by 30% in response to a slowdown in the hydrogen market. This restructuring involved job cuts and operational streamlining, leading to the postponement of the final investment decision on its 3GW hydrogen fuel cell factory in the US until 2026. In the company's Q3 2024 results, Ballard witnessed a notable 82% year-on-year decline in revenue within the stationary power segment, amounting to $0.5 million. This development showcases the shifting dynamics within the hydrogen industry and the strategic moves made by key players to navigate these changes.