Möt oss i Almedalen 4-5 juli

 
 

Den 4:e och 5:e juli befinner sig PowerCell i Almedalen.

Tillsammans med partners AGA/Linde, Impact Coating, Sandvik och Vätgas Sverige m fl kommer vi att hålla två seminarier kring ämnena:

FOSSILFRI TRANSPORTSEKTOR: Bränslefordon och vätgas infrastruktur – Måndag den 4 juli, kl. 13.00 – 15.30 på Glassmagasinet

ENERGILAGRING I VÄTGAS: Lagring av förnybara energikällor för elproduktion med bränsleceller - Tisdag den 5 juli, kl. 10.00 – 12.00 på Glassmagasinet.

VÄLKOMNA!

 
 
 

CEO Per Wassén presents PowerCell at Redeye’s Småbolagsdagen

 
 

See CEO Per Wassén present PowerCell at Redeye’s Småbolagsdagen 2016 in Stockholm, June 13
Find the presentation here: http://beta.redeye.se/events#/videos/dtxzmqac

 
 
 

Se PowerCells VD Per Wasséns framförande på Cleantechdagen i Stockholm

 
 

Se filmen här

 
 
 

PowerCell Sweden and Cortus Energy develop a climate-neutral solution to produce environmentally friendly electricity

 
 

[Gothenburg, Sweden, May 23, 2016.] Nordic leading fuel cell company PowerCell Sweden AB (publ) has signed a letter of intent regarding a cooperation with Cortus Energy AB (publ) to jointly develop and market environmentally friendly electricity from biomass.

Nordic leading fuel cell company PowerCell Sweden AB commences a close cooperation with Swedish Cortus Energy AB, a company that provides cost-effective and innovative bioenergy solutions for the power and process industries based on the patented gasification technology WoodRoll®. Together they will offer the market a climate smart solution based on Cortus Energy’s biomass gasification to hydrogen, which is then used in fuel cells from PowerCell to produce environmentally friendly electricity.

With this cooperation, there is an opportunity to fill the need for green hydrogen at a low cost and high availability, which will affect the commercial success. PowerCell also sees synergies with automotive stacks and the fact that industrial applications of fuel cells will increase the production rate of the stacks and the ability to reach critical production volumes.

“Cortus Energy’s technology allows clean gas from biomass on a large scale enabling the use of our fuel cells in new markets,” said Andreas Bodén, Marketing & Sales Manager, PowerCell Sweden AB. “We really look forward to a close cooperation with Cortus Energy to jointly develop a climate solution that fits customers’ needs for solutions to produce environmentally friendly electricity based on biomass”.

The cooperation with PowerCell gives Cortus Energy an environmentally friendly alternative to the gas engines they use in the installations for electricity supply and also good opportunities to offer its customers a cost effective solution with fuel cells as a key component.

“Electricity generation by fuel cells gives us the opportunity for higher power exchanges with lower emissions than possible with gas engines today”, said Rolf Ljunggren, CEO, Cortus Energy AB.. “The installation cost of electricity is reduced through a system of fuel cells in WoodRoll®. We also get the opportunity to become completely self-sufficient of power to our own process. Simply put, there are several mutual benefits and synergies”.

The letter of intent on cooperation means that the companies will gradually validate the technology, from tests in Köping, Sweden, to industrial scale, e.g. in Japan. With an upscaling of the technologies, opportunities are created for new joint customer projects in which Cortus Energy’s and PowerCell’s technologies are integrated.

For additional information please contact:

Per Wassén CEO, PowerCell Sweden AB (publ)
Phone: +46 76 553 37 71
Email: per.wassen@powercell.se

Rolf Ljunggren CEO, Cortus Energy AB (publ)
Phone: +46 (0)8 588 866 30

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics, which develops and produces environmentally friendly power systems for stationary and mobile customer applications.

PowerCell has developed a modular system of fuel cell platforms, powered by clean environmentally friendly produced hydrogen where only electricity, heat and water are emissions. The fuel cells are also designed to handle the reformed hydrogen from e.g. biogas, natural gas, biodiesel or standard diesel.

In case hydrogen infrastructure is missing, PowerCell has combined its leading fuel cell and reformer technology and developed a fuel cell system, PowerPac, which converts standard diesel, with hydrogen, into electricity. This is done in an energy-efficient and environmentally friendly way, in which emissions of carbon monoxide, nitrogen oxides and particles are completely eliminated and the carbon dioxide is greatly reduced compared with a conventional diesel engine.

PowerCell Sweden AB (publ) is listed on First North at Nasdaq Stockholm and is an industrial spinout from the Volvo Group. G&W Fondkommission is appointed Certified Adviser by the Company. Among the largest owners are Midroc New Technology, Fouriertransform, Finindus and Volvo Group Venture Capital. For additional information, please visit: www.powercell.se

About Cortus Energy
Cortus Energy offers cost-effective and innovative bioenergy solutions for the power and process industries based on the patented gasification technology WoodRoll. WoodRoll has great fuel flexibility, which means that the process can utilize low-grade renewable fuel without compromising processing performance. Cortus Energy’s shares are traded on Nasdaq First North. Mangold Fondkommission AB, tel 08-503015 50, is the Company’s Certified Adviser. More information is available at www.cortusenergy.se

 
 
 

PowerCell Sweden presents the Interim Report for January to March 2016

 
 

[Gothenburg, Sweden, May 10, 2016.] The leading fuel cell company PowerCell Sweden AB (publ) presents its interim report for January to March 2016. PowerCell Swedens interim report shows that the company increased revenues during the first quarter of 2016 mainly due to the sale of prototypes for testing by customers in various applications.

PowerCell Sweden AB presents its interim report for January to March 2016.

”PowerCell increased revenues during the first quarter of 2016 mainly due to the sale of prototypes for testing by customers in various applications. Furthermore, the platforms were launched to a wider market at the same time the company continues with its on-going industrialization process and development towards serial production according to plan”, said Per Wassén, CEO of PowerCell Sweden AB.

The interim report Q1, 2016 shows following important events during this period:

• Continued increase in customer interest with many outstanding quotations and improved sales.
• Several completed sales of prototypes. The PowerCell S2 REX (range extender) for automotive applications and PowerCell S1 for stationary applications.
• The first orders for the PowerCell S3 platform were received. A 100 kW prototype fuel cell stack for automotive applications will be delivered to a European customer and two more PowerCell S3 fuel cell stack prototypes were ordered by a strategically important global customer.
• Powertech System Integrator Ltd. becomes PowerCell Sweden’s distributor in Africa, with responsibility for sales and integration as well as for parts, service and maintenance.
• 99.1 percent of all stock options from the T01 subscription period had exercised its right to subscribe for shares at the end of December 30, 2015, resulting in a capital injection of SEK 68.7 million to PowerCell. The company’s cash position is strong and amounted to SEK 93.6 million on March 31, 2016.

“The main task ahead is to further increase customer focus, deliver prototypes for customer testing in 2016, and to prepare and ensure quality for the planned series production of our platforms and systems from 2017/2018. With what is now happening in the world around us, the shift in technology and PowerCell’s position, it means that we can look forward to a very exciting future, which will create substantial value for the environment, the company and its shareholders”, Per Wassén concluded.

Read the report at: Financial reports

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 76 553 37 71
Email: per.wassen@powercell.se

About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) is the leading fuel cell company in the Nordics, which develops and produces environmentally friendly power systems for stationary and mobile customer applications.

PowerCell has developed a modular system of fuel cell platforms, powered by clean environmentally friendly produced hydrogen where only electricity, heat and water are emissions. The fuel cells are also designed to handle the reformed hydrogen from e.g. biogas, natural gas, biodiesel or standard diesel.

In case hydrogen infrastructure is missing, PowerCell has combined its leading fuel cell and reformer technology and developed a fuel cell system, PowerPac, which converts standard diesel, with hydrogen, into electricity. This is done in an energy-efficient and environmentally friendly way, in which emissions of carbon monoxide, nitrogen oxides and particles are completely eliminated and the carbon dioxide is greatly reduced compared with a conventional diesel engine.

PowerCell Sweden AB (publ) is listed on First North at Nasdaq Stockholm and is an industrial spinout from the Volvo Group. G&W Fondkommission is appointed Certified Adviser by the Company. Among the largest owners are Midroc New Technology, Fouriertransform, Finindus and Volvo Group Venture Capital. For additional information, please visit: www.powercell.se