PowerCell Sweden AB and Hitachi ABB Power Grids have signed an agreement regarding an in-depth collaboration around fuel cell-based stationary power solutions.
The intention is to combine the two companies’ technology and to market fuel cell-based total solution offers that facilitate the transition to more sustainable energy production.
The two companies will initially focus on complete, mobile container-based solutions with a power of up to 600 kW, and on module-based stationary megawatt solutions, i.e., with a total power output of more than 1 000 kW. The generic fuel cell-based complete solutions, including service offers, will be marketed and sold jointly by the companies.
In June last year, PowerCell Sweden and Hitachi ABB Power Grids signed a memorandum of understanding regarding a collaboration around fuel cell-based stationary power solutions. The background is the increased demand for hydrogen-electric stationary power solutions that can complement renewable and volatile energy sources.
The companies have since evaluated how to best combine respective company’s technology into attractive complete solutions within hydrogen-electric stationary power. PowerCell’s fuel cell systems and Hitachi ABB Power Grids’ total solutions for grid connection will be the main building blocks.
In January, PowerCell Sweden received an order for a MS-100 fuel cell system for stationary power from the Texas Advanced Computing Center, TACC, at the University of Texas. The system will be part of a fuel cell-based stationary power solution at TACC developed by PowerCell Sweden and Hitachi ABB Power Grids and was the two companies’ first joint project.
“This collaboration is an optimal combination of each company’s capabilities and resources. For PowerCell’s part it means that we can benefit from Hitachi ABB Power Grids’ great expertise within power solutions and their great geographical footprint”, Richard Berkling, CEO of PowerCell said.
“We look forward to deepening our collaboration with PowerCell Sweden to contribute together towards a carbon-neutral energy future through innovative solutions that strengthen the grid and enable the faster electrification of society,” said Jenny Larsson, Country Managing Director at Hitachi ABB Power Grids in Sweden. “I am proud that our initial collaboration has resulted in us already being able to offer these groundbreaking technical solutions to the market,” she added.
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 Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: [email protected], phone: +46 8 503 000 50.
About Hitachi ABB Power Grids
Hitachi ABB Power Grids is a global technology leader with a combined heritage of almost 250 years, employing around 36,000 people in 90 countries. Headquartered in Switzerland, the business serves utility, industry, and infrastructure customers across the value chain, and emerging areas such as sustainable mobility, smart cities, energy storage and data centers. With a proven track record, global footprint and unparalleled installed base, Hitachi ABB Power Grids balances social, environmental and economic values. It is committed to powering good for a sustainable energy future, with pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener grid. https://www.hitachiabb-powergrids.com
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