# PowerCell Sweden Secures SEK 27 Million Follow-Up Marine Fuel Cell Order

- URL: https://stocks.freetheai.org/news/powercell-sweden-secures-sek-27-million-follow-up-marine-fuel-cell-order-0aa087
- Published: 2026-10-08T12:30:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [OMXSTO:PCELL](https://stocks.freetheai.org/symbols/OMXSTO-PCELL)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

PowerCell Sweden AB (OMXSTO:PCELL) has secured a SEK 27 million follow-up order from GMI Group AS. The contract includes the delivery of 10 Marine System 225 fuel cell units and engineering services for two hydrogen-electric bulk carriers. Deliveries are scheduled to take place between 2027 and 2028. Despite the positive order announcement, shares of PowerCell Sweden AB fell 4.59% today to 17.68 SEK.

This agreement expands on an initial order placed in 2025, increasing GMI Group's planned hydrogen-powered fleet from two to four vessels. The expansion brings the total count to 24 fuel cell units across the four ships, representing a combined capacity of 5.4 megawatts. For PowerCell, the recurring business strengthens its contracted backlog and provides future revenue visibility, while expanding its installed base for potential long-term maintenance and service contracts.

Investors will likely monitor the company's ability to secure additional large-scale multi-vessel agreements or broader framework contracts. Key milestones to watch include the successful delivery of the systems starting in 2027 and any potential new partnerships with other shipowners looking to adopt hydrogen propulsion technology.

## Key points

- PowerCell Sweden AB received a SEK 27 million follow-up order from GMI Group AS.
- The contract covers 10 Marine System 225 fuel cell units and engineering services for two vessels.
- Deliveries of the fuel cell systems are scheduled to take place during 2027 and 2028.
- The agreement expands GMI Group's planned hydrogen-powered fleet from two to four ships.
- PowerCell Sweden AB shares declined by 4.59% to trade at 17.68 SEK following the announcement.

## Questions and answers

### What is the value of PowerCell Sweden's new marine order?

PowerCell Sweden AB secured a follow-up order valued at SEK 27 million.

### When will the fuel cell systems be delivered?

Deliveries of the 10 Marine System 225 fuel cells and engineering services are scheduled to take place in 2027 and 2028.

### How does this order affect GMI Group's fleet?

This order expands GMI Group's hydrogen-powered fleet from two to four vessels, bringing the total to 24 fuel cell units across the four ships with a total capacity of 5.4 megawatts.