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17 Dec 2024

PowerCell Grabs SEK 41.8m Marine Hydrogen Fuel Cell Follow-up Order

17 Dec 2024   

Sweden’s PowerCell has secured an SEK 41.8m follow-up order for its marine hydrogen fuel cell systems from an unnamed European maritime OEM.

Consisting of 14 additional Marine System 225 units, the new booking brings its total orders for the unit to over 75 since its launch in June.

The third-generation fuel cell unit is said to offer a 13% increase in power output from its previous version, providing 225kW from a 1.2m x 0.9m x 2m containerised system.

In September, the fuel cell firm announced an order for 56 units from an unnamed Italian marine OEM for installation on commercial cruise ships.

With deliveries scheduled for 2025, Richard Berkling, PowerCell CEO, said orders of such scale were a strong indicator that the energy transition is “gaining momentum.

“Large OEMs pioneering decarbonisation and taking responsibility for reducing air pollution from cruise ships provide the leadership the marine industry needs,” he said. “This leadership is critical for the marine sector and significantly contributes to European sustainability efforts.”

The CEO also said that the orders marked a new era for PowerCell, “as demand driven by OEMs surpasses our project sales.”

“This has propelled PowerCell into continuous serial production for the first time in our history. It’s a proud milestone that highlights the effectiveness of our strategic focus on OEMs.”

However, the order comes after fellow marine-focused fuel cell OEMs have faced major struggles. Just last week, Norwegian-based TECO 2030 announced its bankruptcy, after financial strain at its subsidiary and less favourable policy support.

PowerCell on the other hand, has diversified its sales across aviation, marine, road and off-road transport, as well as stationary power applications.

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