PowerCell Sweden AB has been invited to participate in contract negotiations by the EU’s Clean Aviation Joint Undertaking, which aims to develop the next generation of sustainable aircraft. After completed negotiations, PowerCell may be selected to participate in the development of a specially designed multimegawatt fuel cell system.
The Clean Aviation Joint Undertaking comprises a total of 20 projects with a total budget exceeding EUR 700 million and aims to support the EU’s Green Deal and its ambition for the continent to be climate neutral by 2050. PowerCell Sweden has, after its application, been invited to participate in contract negotiations regarding the Newborn sub-project, which is led by the American company Honeywell. The Newborn project involves the development of a specially designed multimegawatt fuel cell system. The negotiations are expected to be completed in autumn-winter 2022-2023.
PowerCell Sweden has a prominent position in fuel cell powertrains for aircraft and in recent years has secured several contracts for the development and supply of fuel cell stacks and fuel cell systems for aircraft. Recently, the company signed a letter of intent with ZeroAvia for the industry’s first serial deliveries of fuel cell stacks for aircraft.
For further information, please contact:
Richard Berkling
CEO, PowerCell Sweden AB (publ)
Phone: +46 (0) 31 720 36 20
Email: [email protected]
About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with 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. Because the stacks and systems are compact, modular and scalable, they can be easily adapted to the customer’s needs.
PowerCell was founded in 2008 as an industrial spinout from The Volvo Group. The share (PCELL) has been traded on the Nasdaq First North Growth Market since 2014, Stockholm. G&W Fondkommission is a Certified Adviser.
https://news.cision.com/powercell-sweden-ab/r/powercell-sweden-ab-invited-to-participate-in-eu-project-to-develop-sustainable-aircraft,c3640668
https://mb.cision.com/Main/16816/3640668/1633142.pdf
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