PowerCell Sweden AB (publ) will now establish a local presence in the important US market. PowerCell has a growing demand from customers and wants to support them even better in their innovation processes and business development by being present in the US. The global demand for hydrogen electric solutions is growing rapidly. This market development is particularly strong in the US and is driven by, among other things,
political initiatives to stimulate investments in green energy such as the Inflation Reduction Act. PowerCell has successfully established itself as a market leader with its robust and reliable products within in several key segments such as the aerospace and marine industries. PowerCell will recruit local competence during the spring to investigate during the summer where and how the establishment in the US will take place. PowerCell
currently has a presence in China, Norway and Sweden.