PowerCell Secures $13.8 Million Order for Methanol-Powered Fuel Cell Systems
Key Ideas
- PowerCell secures a significant order worth SEK 150 million to supply methanol-powered fuel cell systems to an unnamed European shipyard.
- The systems, including a 2 MW installation of the M2Power 250 systems, will be delivered in 2029, providing cleaner electricity for onboard systems.
- The fuel cell technology converts methanol into hydrogen, enhancing efficiency and scalability for marine applications, meeting demands for higher power output.
- CEO Richard Berkling highlights the increased hydrogen availability through reformed methanol, expanding the market and creating more value per installation.
Swedish fuel cell manufacturer PowerCell has announced securing an order worth SEK 150 million ($13.8 million) from a European shipyard to provide methanol-powered fuel cell systems. The delivery of the systems, including a 2 MW installation of the M2Power 250 systems, is set for 2029. These fuel cell systems operate by converting methanol into electricity through a combination of a methanol reformer and fuel cells. The process involves methanol being transformed into hydrogen in a reformer, which is then used in the fuel cell to generate electricity by reacting with oxygen. The electricity produced will power the vessel's onboard systems, offering a cleaner alternative to traditional marine fuels. PowerCell aims to enhance efficiency and scalability to meet the demands of larger ships needing higher power output and longer endurance. CEO Richard Berkling sees the use of reformed methanol as a way to expand hydrogen availability, opening up new market opportunities and increasing the value per installation.