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PowerCell Sweden AB (publ) (PCELL.ST)

Stockholm - Stockholm Real Time Price. Currency in SEK
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187.10-3.30 (-1.73%)
As of 3:19PM CEST. Market open.
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  • k
    karl
    Record floods and today there was a massive sandstorm. China will take climate change seriously. And this could be huge for powercell as quonling trucks will be piloted this year with Powercell fuel cells as part of the Bosch deal. Huge royalties.
  • k
    karl
    PowerCell receives order from Bosch regarding initial development of scaled-down fuel cell system for cooling units

    PowerCell Sweden AB has received an order from Robert Bosch GmbH regarding the initial development of a fuel cell system for operating refrigeration units for trucks, so-called truck / trailer refrigerator units. The value of the initial development assignment may amount to a total of approximately SEK 13 million (EUR 1.3 million). If the initial development assignment proceeds well and the parties can reach an agreement on the final commercial terms, the development assignment may be extended at the same time as PowerCell Sweden will in that case also produce the new stack.

    The development assignment entails a broadening of the current collaboration between PowerCell Sweden AB and Robert Bosch GmbH, which until now has been limited to the fuel cell stack S3 and propulsion of vehicles in the traditional vehicle segment, ie cars, trucks and buses. The fuel cell system that PowerCell Sweden has now received an order for the initial development of will be based on a scaled-down version of PowerCell's fuel cell stack S3. If the development project proceeds well and the parties agree on the final commercial terms, the development project for PowerCell Sweden may be extended. In the event of such an outcome, PowerCell Sweden will also produce the new stack.

    The system will meet the demand for hydrogen-electric solutions with an output of up to 30 kW and will be able to offer a competitive alternative to fossil-based power generation in a range of volume applications in addition to cooling units, including telecommunications and base stations.

    The background to the assignment is the demand that both Bosch GmbH and PowerCell Sweden met from the market regarding a scaled-down fuel cell system to replace fossil-fueled power units in a number of different applications through hydrogen electrification. The order now received concerns the initial development of a system for operating refrigeration units for trucks, so-called truck / trailer refrigerator units. A majority of the cooling units that are currently on board trucks for refrigerated transport are powered by diesel and thus give rise to emissions of climate-affecting carbon dioxide. The global market for refrigeration units for truck applications is estimated to have a total turnover of just over SEK 170 billion in 2025.

    "By broadening the collaboration in the fuel cell area and developing a scaled-down volume version of our S3 stack, we will be even better able to take advantage of the great commercial potential of fuel cell technology in general and our S3 stack in particular," says Richard Berkling.

    In April 2019, PowerCell Sweden AB and Robert Bosch GmbH signed a joint development and licensing agreement for the PowerCell S3 fuel cell stack. The agreement meant that Robert Bosch GmbH was given the exclusive right to manufacture and sell the fuel cell stack S3 to the vehicle segment for a period, while PowerCell retained the right to sell the stack to customers in all other segments such as stationary, marine and off-road.

    Robert Bosch GmbH has been PowerCell Sweden AB's largest owner since December 2019.
  • k
    karl
    broadening of the current collaboration between PowerCell Sweden AB and Robert Bosch GmbH
  • M
    Miguel Angel
    Is there anyone interested in wacking powercell, or buying it at a much lower price...regardless of Pcells attempts to rise they are getting hit heavily on a daily basis...see a pattern similar with IT M...I am certain Pcells will be great value and should go a lot higher..been holding since April and the onslaught never seems to end.
    I am aware Pcells is going through major changes and should recover in 2022..are we on for a long wait.
    thanks for any feedback
  • k
    karl
    PowerCell sells holdings in Hyon and establishes its own subsidiary to invest in the Norwegian market

    PowerCell Sweden AB has sold its holding in the former Norwegian joint venture company Hyon AS to instead establish its own wholly owned Norwegian subsidiary. The establishment of the subsidiary is part of the increased investment in the Norwegian market that PowerCell has previously communicated.

    The joint venture company Hyon was founded in 2017 and has since been owned equally by PowerCell, Norwegian Hexagon and Norwegian Nel. The development that both PowerCell and the Norwegian hydrogen market have undergone since then has made it more interesting for PowerCell to address the Norwegian market in-house instead of via a joint venture. In April this year, PowerCell also announced its intention to establish a local presence in the Norwegian market and begin recruiting a senior sales person. In December last year, PowerCell also announced that the company had signed a letter of intent with Norwegian Statkraft regarding a collaboration in energy solutions based on hydrogen and fuel cells.

    The establishment of the Norwegian subsidiary takes place, among other things, with the help of the sales proceeds that the company received as a result of the sale of Hyon to Norwegian Saga Pure.

    “Norway is at the forefront of the hydrogen area and is thus an interesting market for us both for the sale of our products and for developing and improving our offering. By establishing our own local subsidiary, we get significantly better conditions for this and in light of that, the timing for selling our share in Hyon is extremely well chosen, ”says Richard Berkling, CEO of PowerCell Sweden AB.
  • R
    R
    Bottom?
  • k
    karl
    Bosch will launch 70 Powercell trucks in China by the end of this year.

    The plan is to provide all Chinese vehicle makers with Powercell fuel cell power trains.

    On the mobility side, Bosch hopes to play a role in realising climate-neutral transportation for vehicles of all sizes. Hydrogen will play a part in this and we estimate that the market for fuel-cell components will be worth around 18 billion euros by the end of the decade.

    We recently entered into a joint venture with China’s Qingling Motor Group to produce fuel cell powertrains. The joint venture aims to provide all Chinese vehicle manufacturers with fuel cell systems. The components required for this, such as the fuel cell stack, air compressor with power electronics, and control unit with sensors, come from Bosch and a test fleet of 70 trucks is set to be on the roads before the end of this year.
    The opportunity that hydrogen presents is one that’s not to be missed. Governments from all over the world are developing hydrogen strategies and investment plans. The G7 is likely to support hydrogen as a key enabler of a low carbon future. In such a fast changing environment I am pleased that, at Bosch, we were quick to recognise and promote the potential of energy generation using hydrogen fuel cells, and we’re very excited about its future.
  • k
    karl
    Bosch Scania hitachi quilling Siemens. Among others. Judged by the company it keeps
  • k
    karl
    Bosch has a huge contract with the major Chinese truck maker to supply fuel cells and they will be powercells s3
  • k
    karl
    Today the Scania Powercell alliance has resulted in the first refuse truck to hit the streets.

    PowerCell Sweden AB has together with the Swedish truck maker Scania, the refuse company Renova and the truck superstructure company JOAB, initiated a joint project to build an electric refuse truck where both the propulsion and compactor run on electricity produced by fuel cells. The refuse truck will be operated by the waste handling company Renova in Göteborg and the project has been granted funding by the Swedish Energy Agency.  
    “With fuel cells and hydrogen we can electrify heavy-duty commercial vehicles without loss of either payload capacity or range and with a refuelling time that equals that of vehicles running on fossil fuels”, Andreas Bodén, Director of Sales at PowerCell said. 
    The English version is an in house-translation. In case of any discrepancy, the Swedish text will prevail
    To help fund the project to build an electrified truck the four companies have jointly applied for aand been granted a governmental subsidy from the Swedish Energy Agency within the framework, Strategic Vehicle Research and Innovation, FFI. FFI is a partnership between the Swedish Government and the automotive industry for the joint funding of research, innovation and development. FFI focuses on the areas of Climate, Environment and Safety. The Royal Institute of Technology, KTH, will also participate in the project which comprises development, construction and operation of the truck. The fuel cell refuse truck is expected to be delivered in the end of 2019/beginning of 2020.
    “Electrification using fuel cells and hydrogen is a very interesting alternative for heavy-duty commercial vehicles such as refuse trucks”, Hans Zackrisson, Head of development at Renova, said. “The trucks get all the advantages of an electric vehicle but at the same time keep some of the benefits of propulsion using fossil fuels, like range, running time and payload capacity.”
    Refuse trucks often operate in housing areas and during early hours and provide an attractive case for electrification as an electric drive results in both a reduction of noise and emissions. Renova and other refuse companies have prior carried out field tests with electric refuse trucks, but this is the first time the electrification will be done using fuel cells. 
    Pending a more comprehensive network of hydrogen filling stations, the CEO of PowerCell, Per Wassén, sees refuse trucks as an ideal first step in the electrification of heavy-duty commercial vehicles. 
    “Refuse trucks operate on fixed routes and always return to the starting point at the end of the shift, which greatly reduce their dependency on external filling stations. As the network of hydrogen filling stations is expanding across Europe, propulsion using fuel cells will become a very attractive alternative and pave the way for the unavoidable transformation of the commercial vehicle industry.”
  • J
    Johan
    Mayebe focus part of the rnd budget, towards the public :) the ones who will finally end of line need to accept and use this new type of energy.

    I give the company free use of this information , and I hope they do , and will move quickly to implement the same.
  • k
    karl
    Bosch is investing £2.5bn in growth areas, including £423m in electric powertrains (including hydrogen fuel cells), £508m in autonomous systems and £85m in connectivity.
    Bosch is particularly focused on fuel cell technology; it's working with Powercell to launch a hydrogen powertrain in 2022. It says it already has a buyer lined up for the system, which is initially focused on commercial vehicles.
  • J
    Johan
    Great company :) has good times ahead . But seems they need more intrest from the public. Yes the bosch , and Hitachi brings Great value to the company. But they will need the peoples beliefs and investements aswell to make it all work :)
  • M
    Marc
    I think Powercell is losing it
  • k
    karl
    Powercell and Scania

    clear

    volume_up
    2659 / 5000

    Translation results
    Industrialized fuel cell technology ready to deliver emission-free power in a number of different areas

    - system from PowerCell on board when Sweden's first hydrogen waste car is put into operation

    When Sweden's first emission-free hydrogen-powered garbage truck is today put into operation in Gothenburg, a fuel cell system from PowerCell Sweden AB will be on board. The garbage truck's power system is based on PowerCell's industrialized fuel cell technology. Thanks to the electrification with a hydrogen-electric driveline, the garbage truck, just like a diesel or natural gas-powered garbage truck, can handle a full work shift without having to refuel.

    PowerCell Sweden AB has been developing fuel cells and fuel cell systems since the mid-1990s and is today a world leader in the field. From its leading technological position, the company has developed industrialized, fuel cell-based power solutions for a wide range of applications in the vehicle segment (onroad and offroad) as well as the stationary and marine segment. When the world's first hydrogen-electric flight with a commercial plane was carried out in September last year, there was a fuel cell system from PowerCell Sweden on board.

    The hydrogen-electric garbage truck that is currently put into operation by the waste and recycling company Renova in Gothenburg has been developed jointly by PowerCell Sweden, Renova, Scania and JOAB. Both propulsion and loading and compaction of the waste take place with the help of electricity produced on board by the fuel cell system. The heat generated is used to heat the cab. A truck that is powered by fuel cells has the same driveability, range, running time and load capacity as a diesel-powered truck but does not give rise to any emissions other than water. The refueling time also does not differ significantly from that of ordinary diesel-powered trucks.

    “One of the many advantages of fuel cells and hydrogen is that they have a minimal impact on the customer's operational process. The current garbage truck is a clear proof - just like garbage trucks that run on diesel or natural gas, it can handle a full work shift without having to refuel. The fact that the transition to sustainable power production means as little change in customers' operational behavior as possible will be crucial if a broad phasing out of fossil-based power is to begin, ”says Richard Berkling, CEO of PowerCell Sweden AB.

    The garbage truck has been developed with the help of grants from the Swedish Energy Agency within the framework of the FFI program, Vehicle Strategic Research and Innovation. FFI is a collaboration between the state and the automotive
  • t
    the
    I have made my own analysis of the company. It's free. mail me for info
  • a
    arturo
    first plane to fly with hydrogen fuel cells was Powercell.. potential here is HUGE
    Its just a matter of time before they partner up with a. big name Airline... Long term hold
  • k
    karl
    PowerCell Sweden AB has received a follow-on order for MS-100 fuel cell systems from the aviation start-up ZeroAvia worth MSEK 5.1. The order is expected to be delivered during the second and third quarter 2021.
    In September last year, ZeroAvia conducted the world’s first hydrogen electric flight of a commercial airplane. The plane, a single-engine six-seater Piper Malibu, carried out an eight-minute flight and reached an altitude of 1,000 feet and a speed of 100 knots. The plane had a hydrogen-electric powertrain where an PowerCell MS-100 fuel cell system was an integral part.
    ZeroAvia now continues the development of zero emissions aircraft drivetrains by placing a follow-on order for further MS-100 fuel cell systems.
    “ZeroAvia has proven that hydrogen-electric and zero emissions flying is a possibility and we have demonstrated that the technology exists here and now and that it is working. The aviation industry is currently going through a phase where different technologies are tested to validate the technology's possibilities as the fuel cell and hydrogen technologies are expected to play a crucial role for the transformation of the aviation industry”, Andreas Bodén, Director Sales & Marketing PowerCell Sweden AB said.
  • k
    karl
    Robert Bosch GmbH acquires Midroc New Technology's stake in PowerCell Sweden AB

    PowerCell Sweden AB (publ) has been informed that the German company Robert Bosch GmbH has purchased all of Midroc New Technology's shares in PowerCell. The item comprises 5,848,531 shares, corresponding to 11.3 percent of the votes and capital in PowerCell.
  • k
    karl
    Powercell and hitachi collaboration. Fantastic news