Brooklyn, New York and Gothenburg, Sweden, December 8, 2022 – PowerCell has received an order for fuel cell systems and related services to U.S. based Amogy to be installed in a workboat. Amogy’s goal is to convert ammonia into a sustainable power source to decarbonize transportation. The company has for instance successfully engineered the first-ever ammonia-powered emissions-free drone flight at 5 kW scale and demonstrated a 100kW powerpack in a tractor.
As industries search for ways to lower their carbon footprint, ammonia has emerged as an attractive fuel source with strong potential since it enables emissions-free, high-performance mobility. The use of ammonia reformed to hydrogen is especially beneficial in industries with long operating hours, for example the marine industry, due to the high energy density.
The fuel cell system that PowerCell will deliver will be integrated in Amogy’s solution, where ammonia is reformed into hydrogen. In this way, it is possible to provide continuous power to a workboat over extended periods. The workboat will be used to demonstrate how to build a complete power system targeted to the marine industry.
PowerCell will deliver the fuel cell systems and related services during the coming fifteen months.
“We are proud to have been chosen by Amogy that is one of the pioneers in exploring ammonia as a sustainable energy source. This order is a further proof of our leading fuel cell technology that we have industrialized for demanding applications. A key strength is our ability to offer fuel agnostic systems using clean hydrogen from compressed or liquid storage as well as from reformed methanol and ammonia. We believe that refining ammonia into hydrogen to be used in fuel cell systems will be an important emissions-free fuel source for the future,” said Richard Berkling, CEO of PowerCell Sweden.
”We are very happy to partner with PowerCell who shares our vision in creating a carbon-free future of transportation. PowerCell has clearly demonstrated that it has a commercialized solution and capacity to join us in making the transport industry’s paradigm shift a reality,” said Seonghoon Woo, CEO of Amogy.
Amogy offers ammonia-based, emission-free, high-energy-density power solutions to decarbonize transportation for a sustainable future. Founded in 2020 by four MIT Ph.D. alumni with a shared vision, Amogy aims to enable the decarbonization of the heavy-duty transportation sector, accelerating the global journey towards Net Zero 2050. The company has been invested in by AP Ventures, Amazon’s Climate Pledge Fund and DCVC. To date, Amogy’s scalable ammonia-powered, zero-emissions energy system has been demonstrated with success in a 5 kW drone and a 100 kW heavy-duty tractor. More info at: www.amogy.co
About PowerCell Sweden AB (publ)
PowerCell Sweden AB (publ) develops and produces fuel cell stacks and systems for stationary and mobile applications with a world class energy density. The fuel cells are powered by hydrogen, pure or reformed, and produce electricity and heat with no emissions other than water. As the stacks and systems are compact, modular and scalable, they are easily adjusted to any customer need.
PowerCell was founded in 2008 as an industrial spinout from the Volvo Group. The share (PCELL) is since 2014 subject to trade at Nasdaq First North Growth Market, Stockholm. G&W Fondkommission is Certified Adviser, e-mail: email@example.com, phone: +46 8 503 000 50.
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