PowerCell Sweden AB receives new follow-on order for fuel cell systems from ZeroAvia worth MSEK 7.4

PowerCell Sweden AB has received another follow-on order for MS-100 fuel cell systems from the aviation start-up ZeroAvia. The new order is worth MSEK 7.4 and is expected to be delivered during the third quarter 2021.

In March this year, ZeroAvia placed an order for PowerCell MS-100 fuel cell systems worth MSEK 5.1 and is now following it up with another order for MS-100 fuel cell systems. ZeroAvia uses the ordered PowerCell MS-100 fuel cell systems in its efforts to develop 600 kW zero emissions aircraft drivetrain for 19 seat aircraft program.

In September last year ZeroAvia conducted the world’s first hydrogen electric flight of a commercial airplane. The plane, a single-engine six-seater Piper Malibu, carried out an eight-minute flight and reached an altitude of 1,000 feet and a speed of 100 knots. The plane had a hydrogen-electric powertrain where an PowerCell MS-100 fuel cell system was an integral part.

For further information, please contact:

Andreas Bodén
Director Sales & Marketing, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
Email: andreas.boden@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.

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