PowerCell Sweden AB has signed a five-year frame agreement for serial deliveries of hydrogen fuel cell systems with the British company ColGar Energy. The order value can potentially amount to a total of approximately SEK 200 million. The agreement means that PowerCell enters a new and significant market segment.

The agreement includes PowerCell's VS5 fuel cell system customized for mobility and each system will have a capacity of 5 kW. The first deliveries will take place in the third quarter of 2024. The agreement is conditioned by the customer's product design acceptance.