PowerCell Secures First Order for M2Power 250 Hydrogen-based Methanol Fuel Cell System
Key Ideas
- PowerCell receives its first order for the M2Power 250 hydrogen-based methanol fuel cell system from a leading European shipyard for SEK 150m ($14.8m).
- The system combines a methanol reformer and fuel cells into a single unit, simplifying integration for maritime applications and generating clean electricity onboard ships.
- By unifying the reformer and fuel cells, the solution aims to ease integration with a ship’s energy management and exhaust systems, expanding hydrogen availability through reformed methanol.
- PowerCell's CEO highlights the significance of increasing hydrogen availability through reformed methanol and emphasizes the importance of integrating proven solutions in the energy transition.
PowerCell, a Swedish fuel cell provider, has secured its first order for the M2Power 250 hydrogen-based methanol fuel cell system from an unnamed European shipyard for SEK 150 million. This system, to be delivered in 2029, combines a methanol reformer and fuel cells into a single unit, simplifying integration for maritime applications. By reforming methanol into hydrogen onboard ships, the system generates clean electricity. The integration of the reformer and fuel cells under a single control system aims to streamline integration with a ship's energy management and exhaust systems, eliminating the need for managing separate components. PowerCell's CEO, Richard Berkling, sees the expansion of hydrogen availability through reformed methanol as a way to increase the addressable market and create more value per installation. The positive sentiment towards hydrogen is evident in the CEO's emphasis on integrating proven solutions in the energy transition. Additionally, PowerCell recently secured contracts for its Marine System 225, further solidifying its position in the clean energy and maritime industries.
Topics
Maritime
Clean Energy
Energy Transition
Technology Integration
European Market
Shipping Industry
Energy Management
Maritime Applications
Contract Wins
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