PowerCell Sweden secures Bosch fuel cell stack order

PowerCell Sweden has received an order for its S3 fuel cell stacks from Bosch for a total value of around EUR901,000 (US$1.06m).

Powercell Sweden has received an order for its S3 fuel cell stacks from Bosch for a total value of around EUR901,000 (US$1.06m).

The order will be delivered during the start of next year and impact the earnings for the first quarter, 2021.

The order comprises several PowerCell S3 fuel cell stacks to be delivered to Bosch within the framework of the joint development and licencing agreement. In April, 2019, Bosch and PowerCell Sweden signed an agreement regarding the development, production and sale of the PowerCell S3 fuel cell stack for the automotive segment.

The agreement includes a joint development of the S3 and a licence, where Bosch secures the exclusive right to produce and sell the new version of PowerCell S3 for automotive applications such as cars, trucks and buses.