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PowerCell Sweden AB (PowerCell) is an alternative energy company that specializes in the development and manufacturing of fuel cell stacks and fuel cell systems. The company offers hydrogen fuel cell systems, power generation systems, and marine systems. PowerCell also provides consultation services, support services, systems modification support, industrialized innovation, turnkey solutions, feasibility studies, design and development, and installation, integration, and commissioning support, among others. It markets its products under the PowerCell brand name. The company’s products cater to various sectors, including aviation, marine, on- and off-road, marine and power generation. It operates in Sweden, Germany, and the US. PowerCell is headquartered in Gothenburg, Vastra Gotaland, Sweden.
Headquarters
Sweden
Address
Ruskvadersgatan 12, Goeteborg, Vastra Gotaland, 41834
Website
powercellgroup.com
Telephone
46 31 7203620
No of Employees
154
Industry
Alternative Energy
Ticker Symbol & Exchange
PCELL (STO)
Revenue (2024)
$39.2M
15.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
37.5%
(2024 vs 2023)
Market Cap*
$131.0M
Net Profit Margin (2024)
XYZ
45.8%
(2024 vs 2023)
* As of and is in US$
Powercell Sweden AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Hydrogen Fuel Cell Systems: | Engineering | PowerCell |
| Marine Systems | Consultation Services | |
| Power Generation System | Support Services | |
| XYZ | ||
| XYZ | ||
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In July, the company formed a partnership with ECL to deploy industrial-grade hydrogen fuel cell power for ECL’s AI data center platform. |
| 2026 | Contracts/Agreements | In June, the company secured a contract to deliver fuel cell systems for two liquid hydrogen-powered cargo ships to be built by LH2 Shipping AS. |
| 2026 | Contracts/Agreements | In June, the company secured a follow-up order within aviation worth SEK 12 million to advance its next-generation fuel cell stack engineering and competitiveness. |
Competitor Comparison
| Key Parameters | Powercell Sweden AB | Plug Power Inc | SFC Energy AG | Ceres Power Holdings Plc | Ballard Power Systems AG |
|---|---|---|---|---|---|
| Headquarters | Sweden | United States of America | Germany | United Kingdom | Germany |
| City | Goeteborg | New York City | Munich | Horsham | - |
| State/Province | Vastra Gotaland | New York | Bayern | West Sussex | - |
| No. of Employees | 154 | 2,290 | 499 | 353 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Magnus Jonsson | Chairman | Executive Board | 2012 | 70 |
| Richard Berkling | Chief Executive Officer; President | Senior Management | 2021 | 54 |
| Anders | Senior Vice President; Chief Financial Officer | Senior Management | 2024 | 61 |
| Peter Wallin | Chief Operating Officer; Senior Vice President | Senior Management | 2024 | 56 |
| Andreas Boden | Chief Technology Officer; Senior Vice President | Senior Management | 2009 | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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