To accelerate the company’s long-term technological development, PowerCell Sweden AB has joined the coordinated European development project Camelot.
The objective of the project is to produce material for fuel cells of the future. Other project participants include leading research institutions, universities and industrial companies, such as BMW.
Camelot brings together participants from several European countries and has received funding from the Fuel Cells and Hydrogen 2 Joint Undertaking, FCH JU, under grant agreement number 875 155. FCH JU Joint Undertaking is, in turn, funded by the European Union’s Horizon 2020 research and innovation programme. The objective of the project is to produce a new generation of membrane electrode assemblies (MEA), a central component in a fuel cell that is essential for its service life, power production and efficiency.
PowerCell Sweden AB has extensive experience in developing technologies under the framework of industry-wide European development projects since such projects allow the company to accumulate expertise that can be applied to the development of its core technology. The next generation of industrialized fuel cell stack technology has been developed under the German industrial project Autostack Industrie since 2017, in which PowerCell is responsible for developing a stack for serial production for the German automotive industry.
By participating in Camelot, the company is taking yet another important step in continuing technological developments and the project marks the start of the company’s development of future generations of technology.
“This type of cooperation is very important for our long-term technological development since it challenges and acts as a driving force, thereby generating increased understanding and greater expertise in applicable technological developments. Demand for hydrogen-electric solutions is on the rise in an increasing number of applications and this places stricter requirements on the performance of fuel cells and the ability to optimize them for specific areas of application and segments. Participating in this type of project allows us to secure leading technology and a competitive products portfolio so that we can continue to create value for our customers in the future,” says Richard Berkling, CEO of PowerCell Sweden AB.
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: [email protected], Tel: +46 (0) 8 503 000 50.
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