Fuel cell company PowerCell Sweden AB (publ) has been granted 5 MSEK (EUR 530.000) to develop a modular fuel cell system for stationary applications.
The grant by the Swedish Energy Agency will enable the newly listed company to develop and demonstrate stationary fuel cell systems based on modules of 20kW with its new fuel cell stack, S2.
PowerCell has identified a range of applications that can be addressed using systems based on the fuel cell module, including storage of energy from renewable sources like solar and wind power that have a very high fluctuating production that do not comply with requirements.
Other possible applications are larger standby generators and electricity generation from excess hydrogen in the process industry.
Magnus Henell, CEO of PowerCell said: “The Swedish Energy Agency has once again shown that they believe in our technology. They find our technology to be very interesting and have supported us in several projects so far.
“We see a great potential for this modular fuel cell system as the interest in this solution is great in a number of segments and markets worldwide”.
Based on the system that PowerCell has previously developed, the so-called “Range Extender”, stationary fuel cell systems in the range of 20-120 kW can be developed for applications in several segments and markets.
Powercell believes fuel cells will play an important role in the transition towards renewable fuels, and has potential to replace the smaller diesel power plants in several applications, but also as part of the ESS and at large power plants due to its high efficiency and lack of toxic emissions.
The firm is a spinout from the Volvo Group with the objective to develop and produce environmentally friendly power systems based on a unique fuel cell and reformer technology that matches existing fuel infrastructures.