Cell Impact AB Accelerates Flow Plates Production with Expansion Project

Project Launch and Goals

We’ve just kicked off an ambitious plan with Cell Impact AB to supercharge our flow plates production. It’s all about scaling up our patented Cell Impact Forming™ process at the Karlskoga plant so we can crank out more plates faster and more affordably. With green hydrogen taking center stage in the global energy shift, fuel cell and electrolyzer manufacturers from Europe to Asia and North America have been knocking on our door for reliable, high-performance components, and we’re ready to deliver—no more long waits or cost headaches.

At its heart, this project is a straightforward idea: take a flow plates production approach that’s already proven in pilot runs, then ramp it up to full industrial speed. As companies rush to decarbonize everything from heavy-duty transport to industrial power, having a steady supply of fuel cell bipolar plates and other critical parts can make or break their rollout plans. We’re here to make sure supply snags don’t stand in the way of progress.

How the Technology Works

So what’s the secret sauce? It all lies in Cell Impact Forming™, our high-velocity impact magic. Picture this: instead of grinding or chemically etching stainless steel, we unleash a controlled blast of kinetic energy—anywhere from 100 to 12,800 joules—to stamp out those intricate micro-patterns and flow channels in mere fractions of a second. It’s fast, precise, and cuts out the waste and heat you’d get with traditional methods.

These tiny channels aren’t just for show. They guide hydrogen, oxygen, or cooling fluids smoothly through fuel cell stacks or electrolyzer cells, bumping up efficiency and lifespan. Plus, the whole operation is surprisingly eco-friendly: a small footprint, minimal power draw, and zero water use. It’s lean manufacturing that’s kind to the planet, and that’s exactly the kind of story we love.

A Legacy of Innovation

Long before hydrogen tech was headline news, Cell Impact AB was already making waves in Karlskoga with our High Velocity Impact Units. Through years of R&D, we secured patents for Cell Impact Forming™ and gradually steered our expertise toward producing bipolar plates and heat exchangers for clean energy markets.

Now a proud member of the Nasdaq First North Growth Market (with FNCA Sweden AB as our Certified Advisor), we’re standing on a solid foundation. Q1 2025 net sales hit around SEK 2 million, and despite a slight net loss earlier in the year, our debt-equity ratio is a lean 0.06, and our market cap sits above SEK 550 million. That blend of engineering chops and steady growth sets us up perfectly for this next expansion.

Green Impact and Local Benefits

This ramp-up isn’t just an upgrade for our factory—it’s a leap forward for the clean energy world. electrolyzer manufacturing depends on high-quality flow plates to produce green hydrogen from renewable power, and fuel cell systems rely on those very same plates for zero-emission electricity in everything from backup power units to buses. By cranking up fuel cell bipolar plates output, we’re knocking down cost barriers and opening doors for wider adoption.

And back home in Karlskoga, it’s a win-win. We’re tapping into the local talent pool—seasoned metalworkers, skilled operators, quality experts—to fill new roles. It’s all part of our mantra: made in Sweden, crafted for a cleaner Europe and beyond.

Customer Collaboration and Design Support

Volume is one thing; nailing precision is another. That’s why we back every batch with in-house measurement systems that can pick out details down to one-twentieth the width of a human hair. Designers can tweak their specs on the fly, cut down on prototype runs, and speed up time-to-market for their next big innovation.

By looping in with customers early, we offer hands-on advice—think flow path geometry tweaks, material choices, and performance modeling. The result? Plates that fit like a glove and hit the benchmarks straight out of the box, no massive retooling required.

Funding the Expansion

So how are we making this happen? Shareholders gave a thumbs-up to a SEK 38.3 million rights issue to fuel the build-out. That cash is earmarked for new HVI-U machinery, beefed-up press lines, and more factory floor real estate. We laid out the roadmap in our Q3 2025 interim report, and now it’s full steam ahead as we gear up for the year-end wrap-up.

While we await the final Q4 numbers, the board’s message is crystal clear: scaling up capacity is the ticket to boosting revenues and tightening our grip on the market. With low debt and a sharp strategy, we’re set to turn investor faith into tangible growth.

Looking Ahead

As the hydrogen economy gains momentum, having a resilient supply chain and driving down costs is crucial—and that’s exactly where our expansion shines. Up next, we’ve got the 2025 Annual Report dropping in March and the Annual General Meeting in April, where we’ll share progress and set fresh goals.

This project isn’t a finish line; it’s a launchpad toward a future where clean hydrogen and fuel cell solutions are everywhere. By scaling a lean, eco-minded forming process, we’re helping build the backbone of tomorrow’s sustainable industries—one precision-formed plate at a time.