SFC Energy AG Partners with RESTART in Saudi Arabia for Fuel Cell Order
Key Ideas
- SFC Energy AG receives its first order from Saudi Arabia for EFOY Pro methanol fuel cells and accessories for public safety monitoring systems, contributing to revenue and earnings in 2025.
- RESTART Limited Company will use SFC's fuel cell technology for CCTV and other surveillance systems, aligning with Saudi Vision 2030 for clean energy solutions.
- The performance, reliability, and low-maintenance requirements of SFC's fuel cell technology were proven during an intensive testing phase in high-temperature locations in Saudi Arabia.
- The partnership between SFC Energy AG and RESTART highlights a significant step in expanding presence in the Middle East and providing sustainable energy solutions for the region.
SFC Energy AG, a leading provider of hydrogen and methanol fuel cells based in Brunnthal/Munich, Germany, has secured its inaugural order from Saudi Arabia. The order comes from RESTART Limited Company, specializing in construction and infrastructure solutions, for EFOY Pro methanol fuel cells and associated accessories. This move marks SFC's entry into the Saudi market, with the contract expected to bolster both revenue and earnings in 2025. RESTART intends to utilize SFC's fuel cell technology for public safety monitoring systems like CCTV, ensuring reliable and eco-friendly power supply in off-grid areas.
The successful completion of the proof-of-concept phase, involving rigorous testing in challenging high-temperature Saudi locations, demonstrated the superior performance, reliability, and low-maintenance needs of SFC's fuel cell solutions. Dr. Peter Podesser, CEO of SFC Energy AG, praised the partnership with RESTART as a crucial development for the company's growth strategy in the Middle East. Additionally, Mr. Fahad Alsuhaim, Vice Chairman of RESTART, highlighted the cost-effectiveness and environmental alignment of the solution with Saudi Vision 2030.
This collaboration not only signifies a milestone for SFC Energy AG but also reflects the growing emphasis on clean energy solutions in alignment with national sustainability goals. By expanding its presence in the Middle East and providing sustainable power solutions, SFC is poised to make a significant impact in the region's energy landscape.