Swedish fuel cell technology developer PowerCell Sweden AB (Powercell) has announced that it has received a groundbreaking first order for its M2Power 250 system from a leading European shipyard valued at SEK 150 million (≈ EUR 13.8 million). This milestone marks the first commercial sale of a fully integrated methanol-to-power solution, an innovative technology launched in Q3 2024.
The M2Power 250 system converts methanol into clean electricity to support the vessel’s internal electrical systems.
Methanol is emerging as a promising alternative fuel in shipping, helping the maritime industry transition to low-emission energy solutions.
It’s great to see yet another innovative product creating real market value so soon after its launch. With the M2Power 250, we’re taking PowerCell beyond fuel cell electrification—simplifying integration for shipyards and system integrators while accelerating hydrogen adoption in markets where infrastructure is still catching up, said Richard Berkling, CEO of PowerCell Group.
The order, scheduled for delivery in 2029, includes a 2 MW installation of the M2Power 250 systems.
It also covers engineering services and product delivery, strengthening PowerCell’s position at the forefront of next-generation maritime energy solutions.
By expanding hydrogen availability through reformed methanol, we significantly increase the addressable market while enhancing the value we create and capture per installation. This aligns fully with our ‘industrialised innovation’ strategy, where integrating certified, proven solutions is equally vital in the energy transition as radical breakthroughs. It’s about delivering real, scalable impact—now and in the future, ended Richard Berkling.
