PowerCell receives US order for fuel cell system for mobile microgrid using reformed methanol

Non-regulatory

PowerCell Sweden AB has received an order for a 200 kW fuel cell system from the US company Kaizen Clean Energy. The system will use hydrogen produced through on-site reforming of methanol and will be incorporated into a mobile microgrid solution for electric vehicle charging, hydrogen fueling and mission-critical backup power.

The order comprises of a Powercellution Power Generation System 200 with an output of 200 kW, which will be delivered during September this year. Kaizen Clean Energy is a company whose business concept is to sell Energy as a Service (EaaS) solutions via mobile hydrogen-electric power generation facilities for charging electric cars, hydrogen fueling and other purposes. To reduce zero-emission vehicle transition costs, Kaizen is investing in operating its systems using hydrogen produced on-site by reforming methanol.

“Given the current prices for the production and distribution of green hydrogen, methanol that is reformed locally could be an attractive alternative for the generation of hydrogen-electric power using mobile and stationary solutions. We are monitoring this with great interest because there may be potential to use reformed methanol in additional applications,” Andreas Bodén, Senior Vice President Strategic Sales, at PowerCell Sweden AB, said.

The hydrogen-electric charging solution that Kaizen has developed will be installed in mobile containers and include hydrogen generation through methanol reforming, power electronics and fuel cell systems. Since the system is mobile, it can be located where the need for power is greatest while reducing hydrogen’s midstream cost.  

“The increasing electrification of society requires a more decentralized energy system, in which power can be produced locally based on needs. In locations where there is insufficient or no grid capacity at all, mobile solutions of this type can be highly competitive as the investment costs are low in relation to the alternatives. A more decentralized energy system also has benefits from a sustainability perspective because it increases the access to renewable energy and reduces society’s vulnerability to grid capacity limitations and outages,” Richard Berkling, CEO at PowerCell, said.

For further information, please contact:

Richard Berkling
CEO, PowerCell Sweden AB (publ)
Tel: +46 (0) 31 720 36 20
E-mail: richard.berkling@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) has been subject to trade at Nasdaq First North Growth Market Stockholm since 2014. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, Tel: +46 (0) 8 503 000 50.