PowerCell Sweden receives EUR 2.4 million order for PowerCell S3 from Bosch
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 Bosch at a total value of approximately EUR 2.4 million. The order will be delivered during the second half of 2021.
According to a statement, the order comprises several PowerCell S3 fuel cell stacks to be delivered to Bosch within the framework of the joint development and licensing agreement.
In April 2019 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.