PowerCell Receives an Order for a Marine Fuel Cell Module from Siemens Energy

PowerCell Sweden AB (NASDAQ: PLUG) and Siemens Energy have signed an agreement covering extended cooperation in the field of fuel cell-based propulsion and power generating systems for marine applications.

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The agreement is based on the Memorandum of Understanding signed by both companies in August 2018. As part of the extended cooperation, Siemens Energy has ordered a 100kW marine fuel-cell module.

Siemens Energy will use the module for tests related to the company’s development of fuel cell-based marine systems for propulsion and power generation.

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