PowerCell – fuel cell product design approved and Vantastec Group places order worth approximately SEK 35 million.
After successful trials and the approval of the Product design, PowerCell Group enter the next phase of the serial supply order of the new VS5-M project together with ColGar Energy Ltd.
On June 27, 2023, PowerCell announced a five-year framework agreement for serial deliveries of fuel cell systems with the British company ColGar Energy, a subsidiary of the leading Vantastec Group. The agreement was conditional on the customer approving the product design, which has now happened.
The order signed by Vantastec Group includes deliveries in 2024 and 2025. PowerCell will deliver its VS5 fuel cell system, which is adapted for mobility. Each system has a capacity of 5 kW and will be used to generate auxiliary power for a ‘Meals on Wheels’ van fleet in Wales.
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Richard Berkling, CEO of PowerCell, said:
Our tailored hydrogen-electric solutions are perfect for vehicles that need auxiliary power to run, for example, cooling or heating systems.
“We are now entering a new segment with our emission-free solutions, which opens up new, significant opportunities. This product introduction opens new markets for us and here we see the benefit of governmental incentives to stimulate market demand. Regions and countries that invest in hydrogen infrastructure rather quickly see an emerging market with a functioning value-chain that will drive the industry forward and increase demand overall.”
ColGar Energy, a subsidiary of Vantastec Ltd., a market leader specialising in rebuilding light commercial vehicles for various market segments.
Gareth Edwards, Founder and Chief Sales Officer of ColGar Energy, said:
This partnership is significant for us as it allows us to address the increasing demand for environmentally friendly, zero-emission vehicles.
“Using a hydrogen fuel cell system to produce electricity for ancillary equipment means we can now offer vehicles that not only comply with but surpass the 2030 regulations today,”
“In collaboration with PowerCell, we aim to revolutionise a significant sector of the transportation industry.”
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PowerCell – fuel cell product design approved and Vantastec Group places order worth approximately SEK 35 million. source
