PowerCell has signed an order for delivery of fuel cell systems to a leading European OEM manufacturer of propulsion systems to the marine cruise industry. The order value is SEK 16.5m and delivery will take please in the first half of 2025. This is the first commercial order for the newly introduced Marine System 225.
PowerCell has signed an order for four Marine System 225 with an effect of 1.1 MW to be installed as marine power generators at a leading European OEM manufacturer of propulsion systems to the marine cruise industry. The order value is SEK 16.5m and delivery will take place in the first half of 2025. These sustainable systems can drastically reduce emissions and noise compared to traditional fossil fuel powered systems that many cruise ships use today.
“We are excited about this important project that can reduce emissions and noise from marine commercial applications using our Marine System 225”, said Richard Berkling, CEO of PowerCell. “We see a strong interest in our fuel cell solutions from the marine industry that is now increasing the focus on sustainable solutions to generate power. PowerCell has significant deliveries to several marine projects this year and this new order is yet a confirmation that we are a leading supplier of hydrogen electric solutions to this segment.”
For further information, please contact:
Richard Berkling
CEO
Phone: +46 31 720 36 20
Email: richard.berkling@powercellgroup.com
Torbjörn Gustafsson
CFO
Phone: +46 701 86 69 86
Email: torbjorn.gustafsson@powercellgroup.com
About PowerCell
PowerCell is a world leader in hydrogen electric solutions with unique fuel cell stacks and systems. With decades of experience, we use our expertise to accelerate the transition to an emission-free, more sustainable world. We target industries such as aviation, marine, off-road, on-road and stationary power generation. With our cutting-edge products we help our customers to reach net zero emissions already today.
We are headquartered in Gothenburg, Sweden with sales globally. PowerCell is listed on Nasdaq Stockholm.
To read more about our products and services, visit powercellgroup.com.
This information is 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 persons set out above, at 2024-07-18 07:15 CEST.