05/03/2021 | Press release | Distributed by Public on 05/02/2021 23:34
03 May 2021, Investors, News, Press Release
Alberta Oil Producer places an initial order for SFC Energy`s successful, fully integrated Variable Frequency Drive Systems (VFDs). +++ SFC Energy VFD systems help the oil producer to significantly reduce costs with unique installation and operations benefits. +++ Order is with a volume of more than CAD 2 million.
Brunnthal/Munich, Germany, May 3, 2021 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, has received an initial order for their fully integrated Variable Frequency Drive systems (VFDs) from an Alberta Oil Producer. The order is for electric submersible pumps (ESPs) in excess of CAD 2 million.
These VFD Systems operate electrical submersible pumps to artificially lift oil from well pads. They significantly reduce installation and operating costs. Additional benefits are improved pump uptimes, optimized pump operation and augmented oil production.
'We are excited to receive this order from a new customer for our Variable Frequency Drive solutions,' says Hans Pol, COO of SFC Energy AG. 'They appreciate the many advantages our intelligent customized solutions bring them: Increased performance, automated operations, facilitated logistics. With our systems and integration expertise and our clean, innovative product solutions we can perfectly meet the growing demand of oil & gas producers for more operational excellence and environmental friendliness.'
SFC Energy AG (www.sfc.com) is a leading provider of hydrogen and direct 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 50,000 fuel cells to date. The Company is headquartered in Brunnthal/Munich, Germany, operates production facilities in the Netherlands, Romania, and Canada. SFC Energy AG is listed on the Deutsche Boerse Prime Standard (GSIN: 756857 ISIN: DE0007568578).