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Home›Business & Finance›PowerCell bags $16 million fuel cell systems order
Business & Finance

September 24, 2024 · about 1 year ago

PowerCell bags $16 million fuel cell systems order

Swedish hydrogen fuel cell provider PowerCell has signed what is said to be one of the world’s largest orders of marine fuel cell systems to date with a ‘leading’ Italian marine OEM manufacturer. As disclosed, the three-part order value is approximately SEK 165 million (around $16 million) and consi

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PowerCell

Swedish hydrogen fuel cell provider PowerCell has signed what is said to be one of the world’s largest orders of marine fuel cell systems to date with a ‘leading’ Italian marine OEM manufacturer.

As disclosed, the three-part order value is approximately SEK 165 million (around $16 million) and consists of 56 units of the Marine System 225 in total.

The deliveries are slated to begin in the middle of 2025 and be completed by the end of the year.

The majority of ordered units will be installed on commercial cruise ships to provide auxiliary power to internal electricity systems, totaling more than 6.3 MW. In addition, a 3.2 MW marine power solution is being built for the internal testbed and a 3.2 MW solution for an additional vessel installation.

According to PowerCell, this order represents a significant milestone in the decarbonization of the marine industry and the installation on the ship is one of the world’s largest marine hydrogen fuel cell systems to date.

Richard Berkling , CEO of PowerCell Group, said: “We are very proud of being trusted by this important Italian customer, a company with a lot of experience in containerised marine power solutions. We deliver a fuel cell solution that is not only climate-friendly, but also provides the advantage of reduced noise from the ship. This order confirms the importance of hydrogen-electric solutions for the marine industry.

“It also marks a transition towards a more commercial and OEM driven market, a direction that we have been striving for. With significant deliveries to several marine projects this year, this new order reaffirms our position as a leading supplier of hydrogen-electric solutions to this segment.”

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