PowerCell signs deal for serial delivery of hydrogen fuel cell stacks to ZeroAvia potentially worth up to SEK 1.51 billion
PowerCell has signed the world’s first contract ever covering the serial delivery of hydrogen fuel stacks to the aviation industry. The client is the groundbreaking zero-emission aviation company ZeroAvia. The agreement, potentially valued up to SEK 1.51 billion, is conditioned on ZeroAvia obtaining necessary certifications, and comprises 5,000 hydrogen fuel cell stacks with deliveries planned to start in 2024. Approximately SEK 25 million of the order value is expected to impact revenues in 2022.The deal follows the Memorandum of Understanding which was announced 18 July, 2022. The