Swedish cells

The Swedish Energy Agency and Volvo are investing SEK200m (£15.7m) in the development of fuel cells, a move that will create around 100 new jobs over the next three years.

The Swedish Energy Agency and Volvo are investing SEK200m (£15.7m) in the development of fuel cells, a move that will create roughly 100 jobs in the Gothenburg region over the next three years.

 

To accelerate the introduction of fuel cells into the market, the Volvo Group, through Volvo Technology Transfer, will receive investment from Midroc New Technology and OCAS, as well as from the Swedish Energy Agency.

 

The parties will make a joint investment of SEK200m in Gothenburg-based Powercell Sweden, which is currently owned by Volvo Technology Transfer.

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