ENGV new distributor for PowerCell Sweden AB in Australia and New Zealand
PowerCell Sweden AB (publ) has signed an agreement with the Australian system integrator ENGV Pty Ltd, making ENGV the new distributor and service provider for PowerCell Sweden AB in the Australian and New Zealand markets.
The two companies have been working together since 2020 when ENGV ordered an MS-100 fuel cell system from PowerCell for use in Australia’s first hydrogen stationary power demonstration plant in Denham, in remote Western Australia. ENGV is an integrator and a full-service provider meeting the needs of customers within all areas of gas and hydrogen generation, compression, storage and transportation to help in the transition to a low carbon economy.
To support the use of hydrogen as energy and for storage of energy, Australia
launched a National Hydrogen Strategy in 2019. The strategy aims to position the domestic hydrogen industry as a major player by 2030. To kickstart Australia’s emerging hydrogen industry the federal government has then established a new $300 million fund to invest in the industry.
“Australia sees the huge potential in hydrogen and is making big efforts to establish a hydrogen-based and fully sustainable energy system. By having ENGV representing us in the important Australian market we will be in a very good position to benefit from the Australian efforts within the hydrogen sector”, Andreas Bodén, Director Sales & Marketing at PowerCell Sweden said.
“Australia’s high reliance on remote area diesel power generation creates a substantial opportunity for the Powercell Sweden’s technology and ENGVs ability to containerize and localize for the unique Australia climate and market requirements. ENGV is very pleased to formalize our relationship and it will provide a pathway to zero emissions for many remote locations and communities”, Sean Blythe, CEO and founder of ENGV stated.
For further information, please contact:
Andreas Bodén Mårten Wikforss
Director Sales & Marketing Investor Relations
Phone: +46 (0) 31 720 36 20 Phone: +46 705 59 11 49
Email: andreas.bodenpowercell.se Email: marten.wikforss@powercell.se
About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.
PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: ca@gwkapital.se, phone: +46 8 503 000 50.