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PowerCell Sweden
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Short description

Developer of fuel cell systems that can run on reformate or pure hydrogen

Founded in 2008
Founded in

Company type Public Public ()
Company type

Industry Group energy & power

Sector fuel cells

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Sweden Göteborg, Sweden
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Parent Companies

Updated by Magnus Henell at PowerCell Sweden on 03/03/2014

Edited by Cleantech Group on 10/19/2020

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Date Company
11/09/2017

Nikola Motor Company Nikola Motor Company

Powercell and Bosch have been named as primary fuel cell suppliers for the Nikola class 8 hydrogen-truck.

Confirmed by Nikola Motor Company

Partnerships
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Date Partner Type
01/05/2021
Statkraft Statkraft
Cooperate on hydrogen and fuel cell energy solutions as part of a signed Memorandum of Understanding.
View source    
Confirmed by Statkraft
Development Partner
Investment Rounds
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IPO INFORMATION

Date

12/18/2014

IPO status

Listed

IPO Type

IPO

Amount

$14M

Initial shares

12568332

Ticker symbol

Exchange listed

NASDAQ OMX Nordic

Prospectus URL

Prospectus

Source URL

Source

Description

Leading Nordic fuel cell company PowerCell Sweden AB (publ) confirms that the company will list its shares and warrants on First North at Nasdaq Stockholm.

Date Investors Type Amount
01/26/2015 Swedish Energy Agency Swedish Energy Agency (1)
Post-money valuation of
PowerCell has been awarded a 5 million SEK (€530,000) grant by the Swedish Energy Agency for the development of a modular fuel cell system for stationary applications.
Grant $595,000
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Products
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Product image Name Product status Revenue model Cost metrics

S2 Fuel Cell Line

A complimentary product line to the S1 series. The S2 line is available in larger sizes up to 25kW.

Pilot/Early Revenue Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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