PowerCell Sweden AB has received an order for a MS-100 fuel cell system from the university RTWH Aachen for installation and tests in a medium-duty truck.
The system will be used within the LiVe Project which aims at developing a cost-efficient electric drive-train solution for medium-duty distribution trucks. The LiVe Project is funded by the German Federal Ministry for the Environment, Nature Conservation, Construction and Nuclear Safety.
The system, which is expected to be delivered during the fourth quarter 2019, will be installed in an 18 ton distribution truck to evaluate the use of fuel cell technology in distribution trucks. RTWH Aachen is situated at the heart of the German automotive cluster and has a close cooperation with the German automotive industry within a number of areas. The LiVe Project has previously delivered a prototype for a medium-duty battery electric distribution truck.
“The German Government and the German automotive industry are making a broad effort to evaluate opportunities within electrification using fuel cells and hydrogen”, Per Wassén, CEO of PowerCell said. “In addition to this project, the German Government also funds the industrial project Autostack Industrie where PowerCell together with BMW, Daimler, Ford and Volkswagen has the responsibility to develop and commercialize a fuel cell stack for the German automotive industry.”
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 Stockholm. G&W Fondkommission is Certified Adviser