Powercell Sweden AB (Powercell Sweden) is a developer and supplier of fuel cells. The company develops, manufactures and sells power systems with fuel cell and reformer technology. The systems work both with fossil and renewable fuels and convert them to hydrogen, which drives the power cells. The company’s key product offerings comprise of fuel cell stack that is designed to work in the auxiliary components such as compressors, pumps, sensors, valves, electrical components and control units that provide the fuel cell stack with a necessary supply of hydrogen, air and coolant. The company's products find applications in telecommunication, transport, power supply to buildings, and military industries. Powercell Sweden is headquartered in Gothenburg, Vaster Gotland, Sweden.
Headquarters
Sweden
Address
Ruskvadersgatan 12, Goeteborg, 41834
Website
powercellgroup.com
Telephone
46 31 7203620
No of Employees
151
Industry
Alternative Energy
Ticker Symbol & Exchange
PCELL (STO)
Revenue (2022)
$29.3M
26.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-8.2%
(2022 vs 2021)
Market Cap*
$127.7M
Net Profit Margin (2022)
XYZ
14.6%
(2022 vs 2021)
* As of and is in US$
Powercell Sweden AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Power Generation System | Transportation Services | PowerCellution |
| Fuel Cells |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company announced a collaboration with Hitachi Energy, Port of Gothenburg, Skanska, Volvo Group, and Linde Gas to empower sustainable power production. |
| 2023 | Contracts/Agreements | In June, PowerCell signed a five-year frame agreement with ColGar Energy for serial deliveries of hydrogen fuel cell systems. |
| 2023 | Others | In June, the company along with its partners e1 Marine, Maritime Partners and RIX Industries completed a string test of its technologies. |
Competitor Comparison
| Key Parameters | Powercell Sweden AB | Statkraft AS | Plug Power Inc | Cell Impact AB | Cellkraft AB |
|---|---|---|---|---|---|
| Headquarters | Sweden | Norway | United States of America | Sweden | Sweden |
| City | Goeteborg | Oslo | Latham | Karlskoga | Stockholm City |
| State/Province | - | Oslo | New York | - | Stockholm |
| No. of Employees | 151 | 5,300 | 3,868 | 80 | - |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Magnus Jonsson | Chairman | Executive Board | 2012 | 67 |
| Richard Berkling | Chief Executive Officer; President | Senior Management | 2021 | 51 |
| Torbjorn Gustafsson | Senior Vice President; Chief Operating Officer; Chief Financial Officer | Senior Management | 2022 | 67 |
| Andreas Boden | Chief Technology Officer; Senior Vice President | Senior Management | 2009 | 46 |
| Patrik Brouzell | Senior Vice President - Product Sales | Senior Management | 2021 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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