Press release

Brunnthal/Munich, Germany, and Calgary, AB, Canada, March 31, 2010 – SFC Energy AG, technology and market leader for mobile and off-grid power solutions based on fuel cells, and Evergreen Energy Technologies Inc., a start-up company in Calgary, Canada, announce their further partnership to market clean fuel cell energy for the oil and gas industry in Canada.

With the innovation and strength of the two companies a reliable and environmentally friendly fuel cell stand-alone power solution for remote monitoring and service of oil and gas well sites has been created. The “Power Pod System”, developed by Evergreen Energy Technologies, is a completely new and eco-friendly approach which is used to replace pneumatic devices at well sites. For reliable autonomous operation, the system is powered by a hybrid combination of SFC’s EFOY Pro fuel cell and solar. This innovative solution powered by the EFOY Pro fuel cell just received a funding award of $50.000 under the “Alberta Innovation Voucher Pilot Program” by the Government of Alberta, that funds projects with environmentally friendly and energy efficient technologies in Western Canada.

So far, equipment used to monitor and service well sites and pipelines uses thermoelectric generators, diesel generators, the pneumatic power of venting propane or natural gas coming from the well, or solar power. Drawbacks to each of these systems are cost of fuels, cost and logistics of refuelling, effects of harsh weather conditions, and high greenhouse gas emissions. Powered by the EFOY Pro fuel cell the “Power Pod” generates reliable power for an electronically controlled solenoid injection pump, as well as other equipment. The system easily retrofits on existing well sites and provides automatic site electrical power, in extreme weather conditions with significant economic, environmental, and safety benefits. The cost and environmental advantages are enormous compared to regular pneumatic devices at well-sites, with typical 2.5 year breakeven, and 60% IRR (after tax) and increasing safety due to reduced combustible and toxic gas emissions at the production site. In this application, GHG emissions reductions of over 99% are achieved which corresponds to 170 tonnes CO₂ per year per pump.

”The EFOY Pro fuel cell is the solution of choice for Evergreen’s Power Pod System due to its decisive advantages: reliable, zero emission power supply at extremely low fuel consumption“, says Darryl West, President of Evergreen Energy Technologies Inc. “In combination with solar it creates one of the most innovative and green remote energy supply solutions for on-site oil and gas industry available with enormous advantages in total cost of ownership. The system is able to address a significant oil and gas industry problem: the use of gas venting pneumatic pumps and instruments resulting in lost revenue and high greenhouse gas emissions”.

“We are very pleased to join forces with Evergreen Energy Technology to adapt clean fuel cell technology for use at remote oil and gas well sites in Canada”, says Dr. Peter Podesser, CEO of SFC Energy AG. “Evergreen’s Power Pod system ideally combines the advantages of the EFOY Pro fuel cell and solar: the solar cell provides power when it can, and is backed up by the fuel cell during times of low solar flux. It is the perfect solution for remote oil and gas well-sites, but it is only one example for the potential of the EFOY Pro fuel cell as enabling technology for reliable power supply of many more remote industrial applications”.

Trade visitors can experience the “Power Pod System” and EFOY Pro fuel cells at Global Petroleum Show in Calgary, AB, Canada, booth 9220, June 8-10, 2010

More information at www.sfc.com, www.efoy.com and www.evergreen-eti.com.

About SFC Energy
SFC Energy AG (www.sfc.com) is market leader in fuel cell technologies for mobile and off-grid power applications serving the leisure, industrial and defense markets.  As one of Germany’s technology pioneers, SFC has won numerous innovation awards.  SFC has alliances with leading companies in a wide range of industries. Unlike most other fuel cell manufacturers, who are in the research and development phase or run subsidized demonstration projects, SFC has shipped more than 17,000 fully commercial products to industrial and private end users for more than five years, and has created a convenient fuel cartridge supply infrastructure. SFC is DIN ISO 9001:2008 certified. SFC is based in Brunnthal, Germany, and has a sales and technical service office in the U.S. SFC Energy AG is listed in the Prime Standard on the German stock exchange (WKN 756857).

About Evergreen
Evergreen Energy Technologies Inc is a small start-up company focused on bringing fuel cell technology to the oil & gas industry in Western Canada. Formed in 2009, Evergreen has developed the Power Pod system as a platform to supply electrical power at remote well sites for a variety of uses, reducing operating costs and GHG emissions. Applications include chemical injection, SCADA communication, and many others. For further details, please visit the web site at www.evergreen-eti.com .


SFC Press Contact:
Claudia von Junker und Bigato
Public Relations
SFC Energy AG
Eugen-Saenger-Ring 4
D-85649 Brunnthal
Tel. +49 89 673 592-377
Fax. +49 89 673 592-169
Email: claudia.junker@sfc.com

SFC Investor Relations:
Barbara v. Frankenberg
Head of IR and PR
SFC Energy AG
Eugen-Saenger-Ring 4
D-85649 Brunnthal
Tel. +49 89 673 592-378
Fax. +49 89 673 592-169
Email: barbara.frankenberg@sfc.com

Evergreen press contact:
Darryl West, P.Eng, President
Evergreen Energy Technologies Inc.
10290 Tuscany Hills Way NW
Calgary, Alberta, Canada
T3L 2G5
Tel. (403) 370-5437
Email: darryl.west@evergreen-eti.com

Pictures:

1) Power Pod System

2) Power Pod System with EFOY Pro fuel cell, open

3) Mr. Lindsay Blacket (left), MLA, and Mr. Darryl West (right), President Evergreen Energy Technologies Inc., holding the Alberta Innovation Voucher Award Certificate