PowerCell, ABB Power Grids Sign MoU For Stationary Fuel Cell Solutions

PowerCell Sweden AB has signed a memorandum of understanding (MoU) with ABB Power Grids regarding a collaboration around fuel cell based zero emissions stationary power solutions. The aim of the cooperation is to leverage the companies’ existing technologies to jointly develop a complete solution for the market.
A final agreement is expected to be reached within approximately 12 months

Following the joint development and licensing agreement with Robert Bosch GmbH regarding the PowerCell S3 fuel cell stack for the automotive segment last year, PowerCell Sweden AB said it has made a review of its strategic prioritizations and decided to increase its focus on the stationary segment.

“The MoU with ABB Power Grids is an important step and a great contribution to our increased efforts within the stationary segment. ABB Power Grids has a leading position and their knowledge, market position and global footprint make them an ideal partner within the stationary power segment”, said Per Wassén, CEO of PowerCell Sweden.

PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. It develops and produces fuel cell stacks and systems for stationary and mobile applications. 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 can be adjusted to any customer need, said the company.

“The new generation of our energy landscape will require energy sources that are not only able to meet the increasing demands but will also enable cleaner and safer electricity. We are excited to collaborate with Power Cell on driving the integration of fuel cell technology that will bring another vital part to reach a fully sustainable electrical landscape,” said Jenny Larsson, president, ABB Power Grids Sweden AB.