PowerCell Sweden AB (PowerCell) specializes in the development and manufacturing of fuel cell stacks and fuel cell systems. The company product portfolio includes a range of fuel cell systems designed for various applications, such as aviation, marine, on- and off-road industries. It also provides transition services such as consultation, support, modification, industrialized innovation and turnkey solutions. PowerCell products are used by a wide range of industries aiming to reduce their emissions and transition towards zero-emission energy solutions. It operates in South Africa, South Korea, Sweden and Japan. PowerCell is headquartered in Gothenburg, Vastra Gotaland, Sweden.
Headquarters
Sweden
Address
Ruskvadersgatan 12, Goeteborg, Vastra Gotaland, 41834
Website
www.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*
$133.1M
Net Profit Margin (2022)
XYZ
14.6%
(2022 vs 2021)
* As of and is in US$
Powercell Sweden AB premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Fuel Cells System | Consultation | PowerCellution |
| Support | ||
| Modification | ||
| XYZ | ||
| XYZ | ||
| XYZ |
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 | Vastra Gotaland | 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 | 68 |
| Richard Berkling | President; Chief Executive Officer | Senior Management | 2021 | 52 |
| Torbjorn Gustafsson | Chief Financial Officer; Senior Vice President | Senior Management | 2022 | 68 |
| Peter Wallin | Senior Vice President; Chief Operating Officer | Senior Management | 2024 | 54 |
| Andreas Boden | Chief Technology Officer; Senior Vice President | Senior Management | 2009 | 47 |
| 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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