IRD Fuel Cells IRD Fuel Cells (formerly known as EWII Fuel Cells) is a company engaged in the research, development, and production of fuel cell components. | ![]() Proton Motor Power Systems Proton Motor Power Systems (formerly known as Proton Power Systems) is a company that develops hydrogen fuel cells and fuel cell hybrid systems. | ![]() PowerCell Group PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
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Founding Date | Founding Date 1996 | Founding Date 2006 | Founding Date 2008 | Founding Date 2006 | Founding Date 2020 |
Type | Type Private | Type Private | Type Public | Type Public | Type Private |
Tags | |||||
Locations | Locations Odense, DK HQ Albuquerque, US | Locations Newcastle upon Tyne, GB HQ Puchheim, DE | Locations Göteborg, SE HQ Frankfurt Am Main, DE | Locations Cranleigh, GB HQ | Locations Knoxville, US HQ |
Employees | Employees 673% decrease | Employees 109 | Employees 146 | Employees 136 | Employees 517% decrease |
Valuation ($) | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 225.2 m | Valuation ($) 1.5 m | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) N/A | Revenue (est.) £2.1m (FY, 2023) | Revenue (est.) kr385m (FY, 2025) | Revenue (est.) £125k (FY, 2025) | Revenue (est.) N/A |
Cost of goods | Cost of goods N/A | Cost of goods £182k (FY, 2023) | Cost of goods kr183.9m (FY, 2025) | Cost of goods £232k (FY, 2025) | Cost of goods N/A |
Gross profit | Gross profit (kr4.5m) (FY, 2021) | Gross profit £4m (FY, 2023) | Gross profit kr227.5m (FY, 2025) | Gross profit £187k (FY, 2025) | Gross profit N/A |
Net income | Net income (kr27.6m) (FY, 2021) | Net income (£14.5m) (FY, 2023) | Net income (kr29.5m) (FY, 2025) | Net income (£22.2m) (FY, 2025) | Net income N/A |

Proton Motor Power Systems (formerly known as Proton Power Systems) is a company that develops hydrogen fuel cells and fuel cell hybrid systems.
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PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
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