PowerCell Sweden has received an order for fuel cell stacks and fuel cell systems from its South Korean distributor, Bumhan Industries.
Valued at SEK 3.5m (€335,900), the fuel cell stacks and systems will be used for stationary applications and are estimated to be delivered during the second and third quarter of this year.
“South Korea is investing heavily in the fuel cell technology and by increasing our focus on the sector we want to better capitalise on the opportunities presented,” said Hyun Khil Shin Vice-President of Bumhan Industries.
“Our new subsidiary will put all its efforts into the fuel cell segment something we are convinced will further increase our sales and strengthen the company.”
“South Korea is at the forefront of the development of the fuel cell technology and is a leader within automotive and stationary applications,” said Yibo Zhao, Manager Sales Area Asia at PowerCell Sweden.
“Bumhans increased efforts within the technology is yet another proof of the development and the importance of the South Korean market.”