Swedish hydrogen fuel cell technology developers PowerCell Sweden AB (PowerCell) has announced that it has received an order for PowerCell S3 fuel cell stacks from German automotive supplier Robert Bosch GmbH (Bosch) for a total value of approximately SEK 11.5 million (≈ EUR 1 million). The order will have a positive financial impact during the first quarter of 2020.
In April l2019, Robert Bosch GmbH 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 joint development of the S3 and a license whereby Bosch gets the exclusive right to produce and sell the new and improved version of PowerCell S3 for automotive applications such as cars, trucks, and buses.
Bosch has previously communicated the ambition to start their own production of PowerCell S3 in 2022 at the latest.
