Topsoe Fuel Cell, a fully owned subsidiary of Haldor Topsøe A/S, aims to generate massive sums from fuel cell technology in a few years, writes financial daily newspaper Børsen. Topsoe Fuel Cell develops, manufactures and markets solid oxide fuel cell technology (SOFC), which is reputed to be the most efficient fuel cell technology.
Managing director Claus Olsen and director of business development Helge Holm-Larsen of Topsoe Fuel Cell said to Børsen: "The Americans are very interested in our fuel cells for providing power supplies to large trucks, mobile homes and buses, for example. In a few years, we could be earning billions of kroner for Denmark on fuel cell technology."
Topsoe Fuel Cell is currently building a DKK 100m (USD 20m) pilot plant for production of fuel cells and fuel cell stacks at the company's location in Lyngby, north of Copenhagen. The pilot plant, which is scheduled for completion in May this year, is expected to have an annual manufacturing capacity of 150,000 – 200,000 cells and 2,000 stacks, a 15-fold increase on the capacity of the present laboratory-based manufacturing.
Provided that Topsoe Fuel Cell is ready with its first commercial and competitive fuel cells by 2011-2012, Claus Olsen considers it highly probable that the company will be generating revenues of DKK 1.5bn (USD 300m) by 2015. "After that there are almost no limits for growth. As I see it, our adventure has started," he says.
Initially, Topsoe Fuel Cell is focusing on three business areas: distributed generation, micro combined heat and power for residential applications, and auxiliary power units for the transportation market.