PowerCell Sweden AB has received a follow-up order for fuel cell stacks from a leading European vehicle manufacturer, priced at SEK 5.3m (€5m).

The vehicle manufacturer has previously purchased engineering services from PowerCell and will use the ordered stacks for tests in vehicles. 

“This is yet another proof of the automotive industry’s steadily increasing interest for the fuel cell technology,” said Per Wassén, CEO of PowerCell.

“The climate crisis and the increasingly tough environmental demands is pushing the industry towards electrification. For the mass-volume car market electrification using batteries is not an option due to insufficient grid capacity and lack of charging stations.”

“A true transformation will require the use of fuel cells and hydrogen and an increasing number of manufacturers are coming to realise this,” Wassén concluded.

The stacks will be delivered during the second quarter of 2019.

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