Contact

The Break-Up of Heliocentris

By

May 3, 2017

Image titel:

Sources:

The Break-Up of Heliocentris

odascoHeliocentris Energy Solutions, which filed for bankruptcy in late 2016, will be no more, although its expertise will live on. The manufacturing and the education division were sold to different companies, but many employees who worked in Berlin lost their job.

The business founded in Berlin, Germany, announced on Jan. 12, 2017, that important assets of the Heliocentris Group had been sold to a subsidiary of Odeh Asalem Automation Systems from Dubai. The stake in Heliocentris Italy and important assets of Heliocentris Fuel Cell Solutions and Heliocentris Industry now belong to the Arab technology provider. With approval by the creditor’s committees, Acta S.p.A. based in Pisa will be renamed ODASCO – Heliocentris Italy S.r.l., whereas FutureE Fuel Cell Solutions GmbH based in Wendlingen, Germany, will become ODASCO – Heliocentris Fuel Cell Solutions GmbH and Munich-based P21 will be known as ODASCO – Heliocentris Industry GmbH.

Advertisements

However, while many working at the business’s southern German locations can keep their job, the employees at the headquarters in Berlin-Adlershof will not be so lucky. The former had even posted new job offers for industry specialists since February, but the latter will be closed down entirely. Assets and shares in what used to be Acta and were held by the Berlin location have been retransferred from the German Spree region to Italy, so that most of the work in the technology center in Berlin ended recently. This means that a few tens employees lost their jobs.

The education division, Heliocentris Academia, was incorporated into the Horizon Educational Group from Singapore on Feb. 1, 2017, which means that important assets and some of the jobs have remained. However, these jobs are far from secure, as it seems unlikely that the Asian corporation will maintain a large presence in Berlin.

Mark-Uwe Oßwald, formerly managing director of FutureE, has meanwhile returned to Stuttgart after an almost two-year stint at the Italian subsidiary of Heliocentris. It has been reported that the UPS system for the BOS locations could be built by the new German business after all, as the NIP tender had been adapted to reflect the change in circumstances. No one knows how the story will continue in Italy, particularly in light of the fresh capital Heliocentris had received from Inabata Europe in 2015. The subsidiary of Japanese trading corporation Inabata & Co had entered into a strategic partnership with the Berlin-based business to receive the exclusive distribution rights for all Heliocentris products sold on the Japanese market for five years.

What is certain, however, is that former CFO Sabine Kauper left Heliocentris on Jan. 31, 2017, and that company founder Henrik Colell continues at the helm of Home Power Solutions. Colell had founded HPS at the end of 2014 in Wildau together with Zeyad Abul-Ella, the brother of Heliocentris CEO Ayad Abul-Ella. During the ISH and Hannover Messe, HPS showcased its new Picea system (see New Priorities in Hanover) for grid-independent power supply of buildings through solar energy and hydrogen. Pilots of the system are being tested; more details should become available after the Hanover trade show. Colell has also kept his position as spokesperson of Clean Power Net. HPS joined the business network during the CPN general assembly in mid-March 2017.

Ayad Abul-Ella, formerly CEO of Heliocentris Energy Solutions, will have left the company by now.

Here are interesting and current articles on the topic of hydrogen – stocks and the stock market!

Economic prospects for companies in the hydrogen sector | Future, stocks & hydrogen companies on the stock exchange and more…

Which hydrogen companies will prevail in the competitive market in the long term? Get tips and cartwheels and learn more about risks or opportunities. Our stock market specialist and expert author Sven Jösting reports critically, independently and competently.

Mar 11 2024

On the way to becoming a green hydrogen partner

Oman aims to score points with H2 infrastructure Wind, sun and loads of expertise – these...
Mar 07 2024

We can master a scale-up for green hydrogen

Interview with Dr. Kai Fischer, Director at RWTH Aachen The efficient scaling of green hydrogen...
Mar 07 2024

Frustration over continuing uncertainties

Interview with Jorgo Chatzimarkakis, CEO of Hydrogen Europe There is a lot that needs sorting out...
Mar 05 2024

“If ever there was momentum for hydrogen, it is now”

Interview with Dr. Jochen Köckler, chairman of Deutsche Messe “We’re bringing people together.”...
Feb 28 2024

H2Direkt: Blueprint for heating with pure H2

The energy providers Thüga und Energie Südbayern (ESB) as well as Energienetze Bayern have...
Feb 26 2024

Just switch over?

Hydrogen in the existing natural gas network Whether hydrogen contributes to the clean heating...
Feb 26 2024

Pilot plant for coating bipolar plates

At Fraunhofer FEP (Fraunhofer-Institut für Organische Elektronik, Elektronenstrahl- und...
Feb 20 2024

55 MW electrolyzer to decarbonize Saarland

Hydrogen Regions series: HydroHub Fenne living lab The power plant site in Fenne, Völklingen, a...
Feb 20 2024

Chicken feathers as FC membrane material

Feathers from chickens or other poultry could in the future help make fuel cells more effective...
Feb 15 2024

SMEs demand more security

Guest article by André Steinau, CEO of GP Joule Hydrogen After all, the Ampel Coalition leading...
Feb 15 2024

Accelerated expansion of renewable energies

RED III is here – Elsewhere, the wait continues Progress is being made at EU level – albeit...
Feb 12 2024

Picea 2 relies on lithium instead of lead

HPS presents new product generation The company HPS Home Power Solutions has unveiled a new...
Feb 12 2024

H2 production by photocatalysis

The direct generation of hydrogen from sunlight has long been considered the most elegant solution...
Feb 05 2024

Regional instead of international

Hy-Fcell has it difficult asserting itself The aspiration of Landesmesse Stuttgart with Hy-Fcell...
Feb 01 2024

Hydrogeit Verlag turns 20 years old

Hydrogeit Verlag is proudly celebrating its 20th anniversary as a renowned specialist publisher in...
Jan 26 2024

Stracke other H2Now managing director

BMV Energy GmbH is entering the market as another player in hydrogen refueling stations. The...
Jan 26 2024

Starting points for a comprehensive hydrogen ramp-up

Industry congress GAT 2023 in Cologne To establish a functioning hydrogen economy, the entire...
Jan 26 2024

The industry highpoint in autumn

Hydrogen Technology Expo total success In autumn 2023 as well, the Hydrogen Technology Expo was...
Jan 22 2024

New management for the northern real-world lab

Obituary for Professor Werner Beba Mike Blicker will be the new project coordinator of the...
Jan 22 2024

Axel Funke moving to Apex

The Apex Group is expanding its management team from five to six people. Starting the new year,...

1 Comment

  1. Arno A. Evers

    Does anybody of you know, what happened
    to the above mentioned Mark-Uwe Oßwald,
    formerly managing director of FutureE?
    I would like to contact him and am thankful for every hint.
    Thanks a lot.

    Arno

    Reply

Leave a Reply