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Per Ekdunge is appointed new CEO of PowerCell Germany GmbH

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) wants to strengthen its presence at the German market, and has appointed Per Ekdunge as new CEO of the German subsidiary PowerCell Germany GmbH. With thirty years of experience in fuel cells and the German market, Per Ekdunge has a well-developed network in the industry.

Germany is at the forefront of renewable energy. Since 2015, PowerCell Sweden AB (publ) has a German subsidiary, and announces now that Per Ekdunge is appointed as the new CEO of PowerCell Germany GmbH as of March 1, 2017. The current CEO of the German subsidiary, André Martin, remains as board member of PowerCell Sweden AB.

“The German market is very interesting and has a great potential in terms of stationary and mobile solutions. In Germany, renewable energy has grown dramatically, and we can see opportunities to establish PowerCell’s fuel cell systems as an alternative for energy storage. In Automotive, we have partnerships with a number of strong German brands such as BMW and Volkswagen, through the project Autostack Core”, says Per Wassén.

The German city of Stuttgart recently announced that from 2018, some diesel cars will no longer be permitted to enter the city when pollution levels are too high. The ban applies to cars that don’t meet the Euro6 requirements which, according to German authorities, means that 90 percent of all diesel cars are covered by the ban.

“All fossil fuels cause climate problems by emitting carbon dioxide, but fossil fuels also have a local impact through emissions of particles and nitrogen oxides. The sooner the vehicle industry leaves fossil fuels behind, the better. Fuel cell technology provides electricity without any other emission than heat and water, and is thus an environmentally much smarter solution”, says Per Ekdunge.

Per Ekdunge has more than 30 years of experience of fuel cell and reformer technology. Previously Per Ekdunge has worked at the Royal Institute of Technology in Stockholm, Volkswagen and Dechema in Germany, and Volvo Technology, where he was responsible for the development of fuel cells, batteries and alternative powertrains. Per Ekdunge is a associated professor and one of the founders of PowerCell Sweden AB, where he will continue as CTO. After previous employments in Germany and extensive experience from the fuel cell industry, Per Ekdunge has a very well-developed network in Germany.

The Hannover Fair is arranged in April 24-28 and is a meeting place for the industry. PowerCell will be exhibiting at the fair, which is expected to attract 200,000 visitors. The appointment of Per Ekdunge is strategically important, but has a limited impact on the company’s results.

Gothenburg, Sweden, February 23, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@powercell.se

Per Ekdunge
CEO, PowerCell Germany GmbH
Phone: +49 069 3085 547102
Email: per.ekdunge@powercell.de

The following documents can be retrieved from beQuoted PowerCell_Pressrelease_2017-02-23_English.pdf

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on February 23, 2017.

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

 
 
 

PowerCell to enter Japanese market supported by Inabata

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) has decided to sell its fuel cells in the Japanese market supported by Inabata & Co., Ltd., a Japanese trading firm. The two companies will jointly showcase PowerCell’s products in a fuel cell exhibition, FC Expo 2017, to be held in Tokyo March 1-3.

PowerCell is a leading fuel cells manufacturer that currently is in a phase of commercialization. With worldwide end users, PowerCell needs proficient distributors who can establish the company’s product on the world market. PowerCell’s cooperation with Inabata provides PowerCell with a distributor in the interesting Japanese market.

PowerCell expects Inabata’s expertise on clean energy will contribute to creating a new synergy in the Japanese market. Inabata’s Information & Electronics Division III deals in solar cells and anion exchange membrane (AEM) electrolyzers. Adding PowerCell’s fuel cell stacks and systems on the product line-up will lead to enhancing Inabata’s value chain.

“PowerCell’s unique fuel cells present distinct advantages for our customers. Also, the stacks are compact and therefore easier for customers to apply than competing products. The fact that the stacks have a high energy density, low weight and handling reformate is especially positive”, says Takashi Sakakibara, Sales of Inabata.

“This is part of our efforts to implement our distribution strategy, which aims to develop sales of our fuel cell systems and fuel cell stacks in more markets. We are very glad over the agreement with Inabata, and on March 1-3 we will exhibit together at the fuel cell exhibition FC Expo in Tokyo”, says Andreas Bodén, Director Sales of PowerCell.

Since earlier, PowerCell has distribution agreements with PowerCell Korea Co. Ltd and PowerTech in South Africa, a cooperation on marketing and sales with Swiss Hydrogen in Switzerland, and a subsidiary in Germany.

The cooperation with Inabata will be strategically important, but has a limited impact on the company’s results.

Gothenburg, Sweden, February 10, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@powercell.se

The following documents can be retrieved from beQuoted Powercell_Pressrelease_2017-02-10_English.pdf

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:40 CET on February 10, 2017.

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 Inabata Group
The Inabata Group provides innovative solutions and services for information & electronics, chemicals, life industry, plastics, housing & eco materials businesses worldwide. For more than a century, Inabata’s specialized functions have satisfied a vast range of client requirements through business planning, marketing, manufacturing and logistics. In the new energy field, Inabata focuses on energy storage and renewable energy. The company deals in fuel cells and anion exchange membrane (AEM) electrolyzers. Inabata is also involved in cutting server energy use in the field of computing.

For further information about Inabata, please contact:

Shoko Imada
Corporate Communications Dept.
General Affairs Office
Phone: +81-50-3684-4063
Email: Imada.shoko@inabata.com

 
 
 

PowerCell employs Solberg for intensified strategic communications

 
 

The leading fuel cell company PowerCell Sweden AB (publ) has employed Solberg Kommunikation AB for a closer long term cooperation on strategic communications and brand development.

PowerCell has initiated the transition from a tech oriented start-up, to a strong innovation company with the ambition to reduce the impact of climate change. Already today, PowerCell can offer products that diminish the customers’ emissions of carbon dioxide.

“In this phase, communication is an essential tool for creating increased attention directed at sales. By the agreement with Solberg, we are taking the next step. Solberg has a long experience of creating and developing brands, and is a creative PR agency that will contribute to the strengthening of PowerCell’s communications”, said Charlotta Sahlin, director marketing and communications at PowerCell.

Robert Odenjung, key account manager for PowerCell at Solberg, is enthusiastic over the opportunity to work with PowerCell.

“The world is phasing out fossil fuels and PowerCell’s development of fuel cells is an energy solution where the only emission is water. At Solberg, we are thrilled to be able to contribute”, said Robert Odenjung.

The agreement is strategically important, but has a limited impact on the company’s results.

Gothenburg, Sweden, January 27, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@powercell.se

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:45 CET on January 27, 2017.

The following documents can be retrieved from beQuoted
PowerCell_Pressrelease_2017-01-27_English.pdf

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

 
 
 

PowerCell, Hexagon Composites and Nel have signed a Letter of Intent

 
 

The leading fuel cell company PowerCell Sweden AB (publ) has signed a Letter of Intent together with Hexagon Composites ASA and Nel ASA, both companies from Norway, to establish a joint venture.

PowerCell, Hexagon Composites and Nel intend to establish a joint venture that will enable project development together with customers. The parties intend to stimulate and develop projects where each party’s respective technologies and competences are utilized.

Hexagon Composites ASA is a global market leader for storage and transport of gases under high pressure and Nel ASA is a global hydrogen company that produces and distributes hydrogen from renewable energy. Combined with the power efficient fuel cell stacks from PowerCell, this could constitute a 0-emission power solution that brings substantial customer value.

“We are happy over this common intention to develop a unique power solution that responds well to our customers’ high environmental ambitions”, said Per Wassén, CEO of PowerCell Sweden AB.

The agreement is strategically important, but has a limited impact on the company’s results.

Gothenburg, Sweden, January 19, 2017

For further information, please contact:

Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@powercell.se

Jon Erik Engeset
CEO, Hexagon Composites ASA
Phone: +47 916 30 550
Email: jon.erik.engeset@hexagon.no

Jon André Løkke
CEO, Nel ASA
Phone: +47 907 44 949
Email: jolok@nelhydrogen.com

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:45 CET on January 19, 2017.

The following documents can be retrieved from beQuoted PowerCell_Pressrelease_2017-01-19_English.pdf

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 Hexagon Composites ASA
Hexagon Composites ASA is a publicly listed company with its headquarters in Aalesund, Norway. The Group is a leading global supplier of composite pressure cylinders and systems for storage and transportation of various gases. For additional information, please visit: www.hexagon.no

About Nel ASA
Nel ASA is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. Nel serves industries, energy and gas companies with leading hydrogen technology. For additional information, please visit: www.nelhydrogen.com

 
 
 

PowerCell has has been granted EU funding for development of a marine fuel cell system together with amongst others ABB

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) is part of a consortium that now has been granted EU funding for the development of a fuel cell system based on the PowerCell S3. The system will be integrated and tested in marine applications.

As previously communicated, PowerCell Sweden AB has together with other partners of the MARANDA consortium, applied for EU funding through the program Fuel Cells and Hydrogen 2 Joint Undertaking for developing a fuel cell system for marine environments. This application has now been granted.

Aranda. Photographer Panu Hänninen
Photographer: Panu Hänninen

The MARANDA consortium will develop a complete and competitive fuel cell system with two units of PowerCell S3 fuel cell stacks. The system will provide power to the vessel’s electrical equipment as well as for the dynamic positioning during measurements, free from vibration, noise and air pollution. The system will be installed on board the arctic research vessel Aranda operated by the SYKE Marine Research Centre, and will be validated in demanding marine application during an 18-month period. The project runs for 48 months and starts March 1, 2017. It comprises MEUR 3 in funding, whereof PowerCell Sweden AB receives EUR 982 000.

The PowerCell S3 is a scalable prototype in the 20-100 kW range and is designed to use pure hydrogen as fuel. The fuel cell system entails high potential for reducing energy consumption and emissions.

We are enthusiastic to start this project together with the other partners of the consortium. A marine power solution free from noise and pollution is important for the environment and this solution opens many fields of applications.“, said Per Ekdunge, CTO, PowerCell Sweden AB.

Aranda. Photographer Panu Hänninen
Photographer: Panu Hänninen

The consortium consists of the following European companies and research institutions: ABB Oy (Finland), OMB Saleri S.p.A. (Italy), PersEE (France), Suomen ympäristökeskus (Finland) Swiss Hydrogen SA (Switzerland) and Teknologian tutkimuskeskus VTT Oy (Finland).

The EU funding is strategically important, but has a limited impact on the company’s results.

Gothenburg, Sweden, January 17, 2017

For further information, please contact:
Per Wassén
CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
Email: per.wassen@powercell.se

The following documents can be retrieved from beQuoted PowerCell_Pressrelease_2017-01-17_English.pdf

This information is insider information that PowerCell Sweden AB (Publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:45 CET on January 17, 2017.

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