Gothenburg, Sweden, December 18, 2020

PowerCell Sweden AB has received an order for a PowerCell MS-100 fuel cell system from the Australian company ENGV for delivery during the first quarter 2021. The system will be used in a stationary hydrogen power demonstration project.

The unit will be installed as part of Australia’s first hydrogen stationary power demonstration plant in Denham, Western Australia.

The  hybrid solar and hydrogen power system, which is a project being developed by Horizon Power, will test the technical capability of hydrogen as a dispatchable power source in remote microgrids. The project has received funding from both the Australian Renewable Energy Agency (ARENA) and the Western Australian Government. PowerCell’s customer is a supplier to Horizon Power.

The plant comprises a 704 kW solar farm, a 348 kW electrolyzer for production of hydrogen and compressor and tanks for storage of the produced hydrogen. The  100 kW MS-100 fuel cell system from PowerCell Sweden will use the stored hydrogen to power both the electrolyzer and to produce heat and electricity.

To support the use of hydrogen as energy and for storage of energy, Australia last year

launched a National Hydrogen Strategy. The strategy was presented in November and aims to position the domestic hydrogen industry as a major player by 2030. To kickstart Australia’s emerging hydrogen industry the federal government has then established a new $300 million fund to invest in the industry.

“Australia sees the huge potential in  hydrogen and is making great efforts to establish a hydrogen-based and fully sustainable energy system. Australia has excellent conditions for producing hydrogen and has also the ambition to become both self-sufficient and a net exporter”, Karin Nilsson, CEO of PowerCell Sweden said.

For further information, please contact:

Karin Nilsson                                                                 Mårten Wikforss
CEO, PowerCell Sweden AB (publ)                               Investor Relations
Phone: +46 (0) 31 720 36 20                                           Phone: +46 705 59 11 49
Email: karin.nilsson@powercell.se                             Email: marten.wikforss@powercell.se

About PowerCell Sweden AB (publ)

PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.
 

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.

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