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Powercell: Order from Siemens - Redeye

Powercell has received an order from Siemens Energy for a marine fuel cell module. Given the dignity of the client and potential future market, this is obviously encouraging. Also, since the two companies announced their MoU in August 2018 and very little news has been released in the meantime, it’s reassuring to see that the cooperation is still on track. It will however not cause any changes to our financial forecasts at this point. It is still early days and lead-times for these types of projects are typically very long. And our longer-term projections already include progress with partners like Siemens or ABB.

Powercell has received an order from Siemens Energy for a marine fuel cell module. Given the dignity of the client and potential future market, this is obviously encouraging. Also, since the two companies announced their MoU in August 2018 and very little news has been released in the meantime, it’s reassuring to see that the cooperation is still on track. It will however not cause any changes to our financial forecasts at this point. It is still early days and lead-times for these types of projects are typically very long. And our longer-term projections already include progress with partners like Siemens or ABB.
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