PowerCell sells holding in Hyon and establishes its own subsidiary to invest in the Norwegian market.
PowerCell Sweden AB has sold its holding in the former joint venture company Hyon AS to instead establish its own, wholly owned Norwegian subsidiary. Establishing a subsidiary is part of the greater focus on the Norwegian market that PowerCell has previously communicated.Since it was founded in 2017, the Hyon joint venture has been owned in equal parts by PowerCell and the Norwegian companies Hexagon and Nel. The development experienced both by PowerCell and the Norwegian hydrogen market since then has made it more attractive for PowerCell to address the Norwegian market directly instead of