PowerCell Sweden AB has received an order for PowerCell S3 fuel cell stacks from Bosch at a total value of approximately MSEK 11.5 (1,047,900 Euro). The order will have a positive financial impact during the first quarter of 2020.
The order comprises several PowerCell S3 fuel cell stacks to be delivered to Bosch within the framework of the joint development and licensing agreement.
In April last year German Robert Bosch GmbH and PowerCell Sweden signed an agreement regarding the development, production, and sale of the PowerCell S3 fuel cell stack for the automotive segment.
The agreement includes a joint development of the S3 and a license whereby Bosch gets the exclusive right to produce and sell the new and improved version of PowerCell S3 for automotive applications such as cars, trucks and buses.
Bosch has previously communicated the ambition to start their own production of PowerCell S3 in 2022 at the latest.