Fuji Electric acquires N2telligence shares to boost fuel cell business
Fuji Electric Co., Ltd. has announced that its European subsidiary, Fuji Electric Europe GmbH, has completed an agreement to acquire 70% of the shares of N2telligence, a German fuel cell company in Wismar, Germany. N2telligence is best known for holding the exclusive license for the patent on a fire prevention system using exhaust air from fuel cells. The acquisition is part of Fuji Electric's plan to expand their business in the areas of clean and renewable energy, including geothermal, hydro, PV, and fuel cells.
A key application for fuel cells is their use in fire prevention systems, which initially brought Fuji Electric and N2telligence together. N2telligence holds the exclusive license for the patent for this fire prevention system using exhaust air from fuel cells. Since establishing a cooperative business with Fuji Electric in 2009, it has sold fuel cells made by Fuji Electric to major automobile manufacturers, internet data centers, and other facilities. Fuji Electric's intention with this acquisition is to strengthen and expand its fuel cell business in Germany and other parts of Europe.