Heliocentris receives EUR 1.5 million in subsidies for new type of fuel cell development

  • Development of next generation fuel cell-based emergency power supply launched
  • Commercially competitive zero-emissions solution based on hydrogen ready for market
  • Conclusion of project planned by mid-2016

Berlin, 17. October 2014 - Heliocentris Energy Solutions AG (WKN A1MMHE) is to receive subsidies amounting to EUR 1.5 million for the development of a new kind of hydrogen-based fuel cell emergency power supply that does not require highly elaborate hydrogen cylinder logistics. The subsidies are available immediately and are a non-refunded grant to Heliocentris. Among other things, these funds are to be used for grid-connected mobile phone base stations to ensure full availability in the event of blackouts.

The new solution works with an integrated, highly cost-effective hydrogen generator (electrolyser) that produces hydrogen from electricity and water and then saves it in a tank. In the event of a blackout, the fuel cell uses this hydrogen to generate electricity – with zero emissions – for the uninterrupted operation of the stationary facility.

In countries with a poor power grid, grid-connected mobile phone base stations are predominantly backed up with diesel battery solutions. Using them entails high diesel and maintenance costs in addition to the associated environmental pollution. But even in regions with a stable power supply, these conventional solutions are used, e.g. for digital radio networks, which as critical infrastructure are subject to special security requirements, to bridge even long downtimes in emergencies.

Henrik Colell, CTO of Heliocentris AG, said: “This subsidised project will enable us to develop a ground-breaking, autonomous emergency power supply that does not require fuel cell logistics and that will have significantly lower maintenance costs even with highly competitive acquisition costs. Moving ahead, this solution also has the potential to replace back-up diesel generators at photovoltaics locations in addition to backing up grid-connected locations.”

The acquisition of FutureE Fuel Cell Solutions GmbH created a new market leader in Germany for fuel cell-based energy solutions. Colell continued: “The subsidy commitment confirms our strategy of using fuel cell systems, not just as an emergency power supply on domestic markets, but also to supply power to mobile phone base stations in countries without hydrogen logistics and to replace diesel generators there. Our range of fuel cell systems will therefore be open to even larger markets in future, and we are confident that we will play a leading role as a system supplier.”

The project is expected to be concluded by mid-2016. The funding comes from the German Federal Ministry of Transport and Digital Infrastructure as part of the Hydrogen and Fuel Cell Technology National Innovation Programme (NIP). NOW GmbH, the National Organisation for Hydrogen and Fuel Cell Technology, is responsible for coordinating the NIP.

About Heliocentris Energy Solutions AG
Heliocentris Energy Solutions AG is a leading technology company for energy efficiency solutions and services in the field of distributed power for global customers in the fields of information and communication technology, education and applied research. Heliocentris’ energy management system creates intelligently controlled, reliable and high-efficiency hybrid energy solutions from diverse components such as batteries, photovoltaic modules, conventional diesel generators and fuel cells. The solutions reduce CO2 emissions by an average of more than 50% and operating costs by an average of more than 60% compared to conventional energy solutions for mobile telecommunications base stations. The Company employs around 170 people and is headquartered in Berlin with offices in Munich, Wendlingen, Dubai, Kuala Lumpur, Vancouver and Johannesburg. Heliocentris AG’s shares are traded in the Entry Standard of the Frankfurt Stock Exchange under the security identification number (A1MMHE). Further information is available at: www.heliocentris.com.
   
Disclaimer
This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of Heliocentris Energy Solutions AG. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forward-looking statements or to conform them to future events or developments. The information in this press release does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or any other country.
 
Contact
Heliocentris Energy Solutions AG
Doris Busche
Corporate Communications
+49 89 2000 414-440
Doris.Busche@Heliocentris.com