PowerCell Secures Major Order for New Marine Fuel Cell System
Key Ideas
- PowerCell, a Swedish hydrogen fuel cell provider, secured a SEK 44 million agreement with an Italian marine OEM for the development of the new MS-500 marine fuel cell system.
- The MS-500 system, based on PowerCell's high-performance stack platform, is designed to offer up to 1 MW of net electrical output with improved energy efficiency and flexible installation, catering to both auxiliary and potential main propulsion power needs on ships.
- This deal marks the first commercial commitment to PowerCell's next-generation stack platform, signaling a shift towards zero-emission solutions in the marine industry and generating revenue of SEK 11 million in 2025.
- Additionally, PowerCell received type approval for its Marine System 225 from Lloyd’s Register and secured the first commercial sale of its methanol-to-power M2Power 250 system, further expanding its presence in the maritime fuel cell market.
Swedish hydrogen fuel cell provider PowerCell has signed a significant SEK 44 million agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system. The technology, based on PowerCell's high-performance stack platform, is set to provide up to 1 MW of net electrical output through two integrated units, catering to both auxiliary power needs and potential future main propulsion applications. The system boasts higher output while maintaining a compact footprint, offering improved energy efficiency and installation flexibility for shipowners and integrators. This latest order marks a milestone as the first commercial commitment to PowerCell's next-generation stack platform, showcasing the increasing adoption of zero-emission solutions in the marine sector. PowerCell's CEO highlighted the industry's transition towards higher power, lower cost, and smaller footprint fuel cell solutions. Notably, the company also received type approval for its Marine System 225 and secured the first commercial sale of its methanol-to-power M2Power 250 system, further solidifying its position in the maritime fuel cell market.