Fuji Electric: Far East Takeover

Japanese Fuji Electric bought up N2telligence, based in Wismar, Germany, at the beginning of this year. The company, which had introduced several TriGeneration and QuattroGeneration modules in collaboration with its Japanese partner (see ZBT system), announced in a press release that Fuji Electric Europe had acquired a majority stake (70%) in N2telligence on Jan. 11, 2016. The company name was subsequently renamed to Fuji N2telligence. “The aim,” CEO Andreas Exler told H2-international, “is to join forces in order to achieve a better market penetration of stationary industrial fuel cells.” The business founded by Lars Frahm and Andreas Exler is the second one besides FuelCell Energy to benefit as a fuel cell enterprise from the amendment of the CHP Act.

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