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The first one-stop-shop for hydrogen and fuel cell technology in the Nordic countries

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) continues to commercialize and industrialize fuel cell technology. Now, the company Hyon AS is launched as a one-stop shop for customers who want to benefit from the power of modern hydrogen and fuel cell technology.

As previously communicated, PowerCell Sweden, Nel ASA and Hexagon Composites, have agreed to collaborate to develop integrated hydrogen solutions. The company Hyon AS is now launched, combining the skills that the founders have throughout the value chain: from renewable production, storage and distribution of hydrogen to power generation with fuel cell technology.

For PowerCell, this is an additional step in the commercialization and industrialization of climate smart fuel cell technology.

- Hyon is the first one-stop shop for hydrogen projects in the industry. The company is based in Norway, where there is a great interest in fuel cell technology. Hyon has already received a large number of customer requests from the maritime sector, where the need for clean and secure energy is great, says Charlotta Sahlin, Director Marketing & Communications at PowerCell Sweden and board member of Hyon.

More information about Hyon and the company’s solutions can be found at http://www.hyon.no.

Gothenburg, Sweden, September 12, 2017

For further information, please contact:

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

Files for download:
PowerCell Pressrelease 2017-09-12 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 presents Q2 2017 interim report

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) presents interim report for Q2 2017. The company describes a continued increase in customer interest and a constantly increasing number of requests from companies wanting to test PowerCell’s products and prototypes.

The quarterly sales efforts and successful directed share issue, which included a capital injection of MSEK 225 before issue costs, confirms the transition of PowerCell: From a technically-oriented start-up company with focus on development, into an innovative commercial pioneering company with products designed for mass production. The quarter’s net sales amounted to TSEK 5 996, which is more than twice as much as the second quarter of 2016.

“We see a continued increase of customer interest and get a constantly increasing number of requests from companies wanting to test PowerCell’s products and prototypes. The continued heat records that are measured around the world remind us that it is urgent to switch to environmentally friendly alternatives and to invest in hydrogen and fuel cell technology”, says Per Wassén, CEO of PowerCell Sweden AB.

During the second quarter, PowerCell has announced a non-binding letter of intent with German authorities. The project, called AutoStack-Industrie, aims to develop the PowerCell S3 as a common technology platform for the German automotive industry. The project includes BMW, Daimler, Ford and Volkswagen, amongst others.

“The interest for fuel cells is growing, and we want to make it easy for customers to implement environmentally friendly alternatives. During the quarter we have formed a joint venture with Norwegian Nel ASA and Hexagon Composites to develop integrated hydrogen solutions and together create a one-stop-shop for the customers”, says Per Wassén.

Together with the interest group Vätgas Sweden, PowerCell participated in the Almedalsveckan in Visby, where the need for fossil-free transport was discussed intensively.

“We are pleased that politicians at regional and local level start to take initiatives to enable this also in Sweden. For example, Västra Götaland has contributed to the realization of the hydrogen station Mariestad municipality has built”, says Per Wassén and concludes:

“We are in a major technology shift and through our platform strategy, that is based on products that can be easily customized and used in different customer applications, we are well positioned to  meet the  upcoming growth, thus creating value for the environment and society as well as for customers and PowerCell’s shareholders.”

Gothenburg, Sweden, August 18, 2017

For further information, please contact:

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

Files for download:
PowerCell Pressrelease 2017-08-18 English.pdf
PowerCell Interim Report Q2 2017 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 August 18, 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’s Per Ekdunge spoke as the AutoStack-Industrie project was presented

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) participates in the German AutoStack-Industrie project to develop a fuel cell platform for the automotive industry. When the project was launched last week, PowerCell’s Per Ekdunge was one of the introductory speakers.

Last week, the project AutoStack-Industrie was launched in Berlin by Norbert Barthle, State Secretary at the Ministry for Traffic and Digital Infrastructure. In connection with the launch, Per Ekdunge, one of PowerCell’s founders and CEO of PowerCell’s German subsidiary, held one of three presentations. Per represented the network’s five component suppliers.

“This is a network that includes everything from nanoscale component manufacturers to the delivering of complete fuel cell stacks. Together we have previously shown that we are extremely successful partners. AutoStack-Industrie leads to a common fuel cell platform that allows the automotive industry to replace fossil fuels with hydrogen”, said Per Ekdunge.

The aim of the cooperation is to create even closer cooperation with the customers and together strengthen the position as global engineering leader of key components for fuel cell technology.

“As early as 2021, the automotive industry will have access to clean technology that will make water the only emission from cars”, said Per Ekdunge.

The group of component suppliers include, in addition to PowerCell: Freudenberg, Dana, Umicore and Greenerity.

Berlin, Germany, July 4, 2017

For further information, please contact:

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

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 has received a German letter of intent to develop a fuel cell platform with partners in the German automotive industry

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) has received a nonbinding declaration of intent from the German Ministry of Transport and Digital Infrastructure together with a major consortium including BMW, Daimler, Ford and Volkswagen. The companies participate in a funded lighthouse project of the German Program Office NOW to develop a common fuel cell stack platform with PowerCell acting as stack developer.

PowerCell has, together with its German partners BMW, DANA, Daimler, Ford, Freudenberg Performance Materials, Greenerity, NuCellSys, Umicore, Volkswagen and ZSW, submitted an application to the German authorities to develop and invest in the industrialization of a common fuel cell stack technology for automotive application in the framework of the joint AutoStack-Industrie- Project (ASI). The project is planned to be performed in two phases, whereof the total budget of the first project phase comprises 29 months and MEUR 36 with PowerCell’s share estimated to approximately MEUR 5.3

Germany has allocated considerable resources for the development of fuel cell and hydrogen technologies. The National Innovation Program for Hydrogen and Fuel Cell Technology (NIP)has recently entered a second phase. During the period 2016-2019, Germany invests MEUR 250 in the program “Hydrogen and fuel cell technology 2016-2026″.

Together with leading German vehicle manufacturers, component suppliers and the Centre of Solar and Hydrogen Research (ZSW), PowerCell is in the unique position to develop a standardized European fuel cell stack platform that shall enable emission-free transport. The platform can be used in different vehicles and vehicle platforms to generate economies of scale and reduce the investment cost of vehicle manufacturers and component suppliers. The platform strategy can establish a significant competitive advantage for the participating companies, thus facilitating the commercialization of automotive fuel cell technology. By creating a joint consortium, the participating vehicle and component manufacturers increase the ability to quickly deliver high-quality and cost- effective products to the market.

“The strategic value of this development project is significant. The fact that PowerCell was chosen as development partner in such a strong consortium shows how far we have come. ASI is an extension of the earlier AutoStack Core project that the PowerCell S3 fuel cell stack is based upon. In that project, we were able to prove our excellent skills and technology”, said Per Wassén, CEO of PowerCell Sweden AB.

“Now it is about developing products that allow our society to continue to transport goods and people, but doing that without carbon dioxide emissions. We were chosen due to our competence that amongst other things manifests in the outstanding performance of our products”, said Per Ekdunge, CEO of PowerCell’s German subsidiary.

Gothenburg, Sweden, June 29, 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
Tel: +49 69 3085 5470
Email: per.ekdunge@powercell.de

Follow the Program Office at Facebook: https://www.facebook.com/NOWGmbH

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 09:00 CET on June 29, 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 German Program Office NOW
Full name is “National Organization for Hydrogen and Fuel Cell Technology”. More information at www.now-gmbh.de

About the program Hydrogen and Fuel Cell Technology 2016-2026
The program, whose official name is “National Innovation Program Hydrogen and Fuel Cell Technology 2016-2026″, is implemented and executed by NOW. More information at www.now-gmbh.de/de/nationales-innovationsprogramm/foerderprogramm

About Auto-StackIndustrie
The AutoStack industry project is funded by the German Federal Ministry of Transport and Digital Infrastructure in the framework of the National Innovation Program for Hydrogen and Fuel Cell Technology (NIP) with EUR 21.3 million. The NIP is coordinated by the National Organization for Hydrogen and Fuel Cell Technology (NOW). Partners of the project are BMW, Daimler, DANA, Ford, Freudenberg Performance Materials, Greenerity, NuCellSys, Powercell Germany, Umicore, Volkswagen and ZSW / AMC.

ASI is the new project that we have applied for and which is subject of the press release. Web link will be established only after formal approval.

About Autostack Core
Autostack Core is a European funded development project and the predecessor project for Autostack Industrie. More info at www.zsw-bw.de/projekt/h2-und-brennstoffzellen/autostack-core-entwicklung- und-test-eines-95-kw-brennstoffzellen-stacks.html

 
 
 

PowerCell prepares delivery of the first PS-5 fuel cell system to China

 
 

The leading Nordic fuel cell company PowerCell Sweden AB (publ) supplies within short the PowerCell PS-5 fuel cell system to China Fuel Cell Energy Co. Ltd. This is the first delivery after the system was presented at the Hannover Fair in April.

PowerCell PS-5 is a fuel cell system based on the robust PowerCell S2 stack. The system is designed to meet the need for environmentally friendly, silent and reliable electricity generation and back-up systems for buildings, households, telecom and traffic systems.

China has signed COP21 and operates the environmental issue with great commitment in all sectors. That explains why China is the first country to receive the PowerCell PS-5.

“PowerCell PS-5 facilitates the transition to renewable energy. For example, when integrated with solar panels, it allows for storage as well as equalization of power need and generation of electricity. We are thus contributing to the expansion of China Fuel Cell Energy’s offer, while simultaneously developing their customers’ business”, said Andreas Bodén, Director Sales and Aftermarket at PowerCell.

PowerCell PS-5 comes in various configurations and is delivered in power classes of 1.6 kW, 3.3 kW and 5.0 kW. It can be adapted for 24 or 48 V DC, and can also be equipped with liquid or air-based cooling systems. Specifications and more information can be found at www.powercell.se/offerings_head/fuel-cell-systems.

Gothenburg, Sweden, June 28, 2017

For further information, please contact:

Per Wassén CEO, PowerCell Sweden AB (publ)
Phone: +46 (31) 720 36 20
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.