Fuel cell energy appliance manufacturer SOLID POWER acquires business of Ceramic Fuel Cells GmbH with Heuking Kühn Lüer
SOLID POWER GmbH, the German subsidiary of Italian fuel cell energy appliance manufacturer SOLID POWER S.p.A., acquired the business operations of Ceramic Fuel Cells GmbH, based in Heinsberg, North Rhine-Westphalia, in the context of an international bidding procedure. Led by Hamburg-based partner Dr. Lothar Ende, Heuking Kühn Lüer Wojtek comprehensively advised the client.
SOLID POWER specializes in the development, production, and sale of fuel cell energy appliances on the basis of SOFC (solid oxide fuel cell) technology. Stationary fuel cell energy appliances are furthest developed and currently in market testing. With the development of the fuel cell stack in the corporate technology center in Switzerland, development and production of the fuel cell appliances in Italy, and service and sale in Germany, the brand is already firmly established European-wide.
Ceramic Fuel Cells GmbH developed the first market-ready natural gas-powered micro power station on fuel cell basis for the power and heat supply of residential buildings, public facilities, and small enterprises and sold them under the "BlueGEN“ brand. Ceramic Fuel Cells GmbH had to file for insolvency at Aachen Local Court on March 4, 2015 after missing payments by the Australian parent company, which is also in insolvency. According to information by its General Manager Guido Gummert, SOLID POWER will not only continue Ceramic Fuel Cells GmbH's existing business and expand the production and sale of BlueGEN, but will advance the competitiveness of this future technology with an extended development and production concept.
Counsel to SOLID POWER
Heuking Kühn Lüer Wojtek:
Dr. Lothar Ende (Lead, M&A),
Dr. Kai Erhardt (Corporate),
Dr. Sebastian Jungemeyer (Commercial),
Dr. Søren Pietzcker (IP),
Dr. Johan-Michel Menke (Employment),
Fabian G. Gaffron (Tax)
Dr. Johan Schneider (Insolvency Law),
David Loszynski (Insolvency Law)