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PowerCell Group

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PowerCell Group - Aerospace showcase

Year Founded & Workforce

1994

112 Employees

Industry

Aerospace

Services

Fuel Cell System
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PowerCell Group Overview

Company Headquarters: Sweden

Founded: 1994

Workforce: ~112

Company Working: The PowerCell Group develops as well as manufactures fuel cell stacks along with fuel systems with a uniquely high power density. The company products are used in a broad range of industries, marine, including aviation, marine, off-road, and on-road. PowerCell technology combines efficiency with compact design as well as contributes to major emissions reduction. The company's solution contributes to a sustainable and emission free. PowerCell is an industrial spin-out from the Volvo Group. The company has a presence in Europe, Asia, and North America.

Strategy

PowerCell Group aims to be a innovative fuel cell system that is sustainable and commercially competitive. It enhances its production efficiency and improves its product portfolio by bringing innovation to its products and technology. Denso focuses on addressing customers' needs in the Europe and becoming a highly trusted brand.

Company Snapshot

$10.3M

Revenue

112

Employees

1994

Founded

Sweden

Headquarters

SWOT Analysis

Strengths

  • The company has strong research and development capabilities
  • The company has strong presence in Europe

Weaknesses

  • Limited potential growth, such as the Asia

Opportunities

  • Increasing trend for sustainable alternative
  • Increasing demand for alternative fuel

Threats

  • Intensify competition in every market in which company operates
  • Patent infringement resulting in negative publicity affecting the company reputation

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Product Offering

  • PowerCell Group
    • Fuel Cell System

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 10.3 Mn in 2020 to USD 26.4 Mn in 2022.
PowerCell Group — By Business Segment
Series (USD Mn)202020212022
Sales10.318.326.4

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