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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
144
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*
$117.9M
Net Profit Margin (2024)
XYZ
45.8%
(2024 vs 2023)
* As of and is in US$
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 |
|---|---|---|
| 2025 | Contracts/Agreements | In December, the company was awarded a contract to supply its M2Power 250 methanol-to-power system to a European shipyard. |
| 2025 | Contracts/Agreements | In October, the company secured a contract, worth SEK4.3 million, from Zeppelin Power Systems to deliver two Power Generation System 100 (PS100) units and related engineering services. |
| 2025 | Contracts/Agreements | In December, the company was awarded a contract from a European shipyard to deliver its M2Power 250 methanol-to-power system. |
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 | 144 | 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 | Chief Financial Officer; Senior Vice President | Senior Management | 2024 | 61 |
| Peter Wallin | Senior Vice President; Chief Operating Officer | 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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