Dantherm's previously wholly-owned subsidiary Dantherm Power, which makes fuel cell-based backup power systems for use in IT and telecom network base stations, has received a combined capital injection of DKK 40m (CAD 8m) from Canada's Ballard Power Systems Inc., Denmark's Danfoss Ventures, and Dantherm itself, as a result of which Ballard has taken over the controlling interest in the company. The news is reported by both Dantherm Power and Ballard on their respective websites.
Dantherm and Danfoss Ventures will now be minority shareholders in Dantherm Power, which with its 40-strong workforce will continue to operate under the same name from the town of Hobro in Denmark.
In a news release on Ballard's website, company president and CEO John Sheridan says: "Dantherm Power has a strong track record in fuel cell backup power systems in telecommunications, including the largest European fuel cell installation for TETRA emergency networks as well as for telecom service providers."
Sheridan goes on to say that through the investment, Ballard will now be actively involved with delivery of complete backup power systems, in addition to providing fuel cell stacks and power modules to leading companies in other markets.
The joint investment and partnering support from Ballard, Danfoss and Dantherm is expected to result in accelerated development of fuel cell backup power applications across Europe.