Tognum to discontinue Fuel-cell Activities

摘要

The Executive Board of Tognum AG, specialist for propulsion and power solutions, has decided to discontinue its fuel-cell activities for stationary power generation. Having carefully examined the most recent demand forecasts and carried out a thorough risk/reward analysis, Tognum opted against further active engagement in this area. The company has come to the conclusion that the fuel-cell business is unlikely to become commercially viable in the medium term, given current market conditions and subsidy schemes.