PowerCell has received a first order for its M2Power 250 hydrogen-based methanol fuel cell system from an unnamed European shipyard for SEK 150m ($14.8m).
Under the agreement with one of the continent’s “leading” shipyards, the Swedish fuel cell provider will install 2MW of its recently launched fuel cell solution, once it’s delivered in 2029.
PowerCell describes the M2Power 250 system as an all-in-one solution that combines a methanol reformer and fuel cells into a single unit, simplifying fuel cell integration for maritime applications.
Onboard a ship, the M2Power unit reforms methanol into hydrogen, which is then used by the fuel cell to generate clean electricity.
© PowerCell
By unifying the reformer and fuel cells under a single control system, the solution is designed to ease integration with a ship’s energy management and exhaust systems – eliminating the need for shipbuilders to manage separate components.
“By expanding hydrogen availability through reformed methanol, we significantly increase the addressable market while enhancing the value we create and capture per installation,” explained Richard Berkling, CEO of PowerCell.
“This aligns with our ‘industrialised innovation’ strategy, where integrating certified, proven solutions is equally vital in the energy transition as radical breakthroughs.”
The deal follows two major contracts secured by PowerCell in late 2024.
An Italian marine OEM placed a SEK 165m ($16.3m) order for 56 units of the Marine System 225, with over 6.3MW to be used for auxiliary power on a vessel’s internal electrical system and an additional 3.2MW allocated for in-house testing.
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