GENCELL LTD - GNCLF STOCK NEWS

The California Mobility Center (CMC) and GenCell (TASE: GNCL) have partnered to demonstrate the zero-emission GenCell EVOX® bridge power solution for fast EV charging at CMC's Sacramento facility throughout 2024. The GenCell EVOX combines hydrogen fuel cells generating 240kWh/day with 372 kWh of lithium-ion batteries and proprietary AI-driven DERMS software to provide reliable, long-duration, grid-independent power for critical applications.

This collaboration aims to showcase power solutions that can bridge the gap between current technology and future needs, especially in areas with insufficient grid power for fast charging. The partnership aligns with CMC's goals of introducing clean mobility options, reducing transportation emissions, providing workforce development, and ensuring charging availability during power outages.

On May 21, 2024, GenCell unveiled its hydrogen-powered products, EVOX and REX, at the Palmer Center in Austin, Texas. The event, which followed recent power outages in Houston, showcased these technologies' potential to enhance grid resilience and disaster response. Key speakers, including Karl Popham and panelists from Honda, GE Vernova, and others, discussed the role of hydrogen in energy sustainability. Live demonstrations highlighted the EVOX's capabilities in EV charging and emergency backup power. The event stressed hydrogen's promise in achieving a zero-emission energy future and featured insights on resilience and sustainability challenges.

GenCell Energy (TASE: GNCL) announces a repeat order from the Federal Electricity Commission of the State of Mexico CFE valued at ~$4.5 million for the supply and delivery of multiple additional GenCell systems and services. The deal allows CFE to double the volume of the order within the first six months of 2024. This follows the successful delivery and operation of 74 systems over the last two years, showcasing GenCell's resilient, sustainable, long-duration, and zero-emission backup power solutions.

GenCell Energy has launched EVOX™, a green, grid-independent hydrogen EV charging solution aimed at alleviating range anxiety for EV drivers, particularly in remote areas. This zero-emissions technology complies with renewable energy incentives and addresses the increasing stress on power grids as the demand for EV charging rises. Capable of servicing up to ten 75kW DC fast chargers, the system ensures a reliable power supply irrespective of weather conditions. Currently being deployed in commercial projects across Israel, GenCell sees EVOX™ as crucial for the future of EV infrastructure and sustainability.

GenCell Energy (TASE: GNCL) and SIMTEL Team have successfully implemented a zero-emission ammonia-based off-grid power solution at a Vodafone mobile site in Romania. The GenCell FOX™ fuel cell technology, generating power from liquid ammonia, demonstrates resilience and cost-saving potential. The field test showed reliable performance over six weeks, providing continuous power with minimal maintenance. This advancement aligns with stricter European carbon emission regulations and highlights growing demand for green energy solutions in the telecom sector.

GenCell Energy (TASE: GNCLF) has announced a strategic partnership with Milani S.p.A. to enhance market penetration of its zero-emission fuel cell technologies in commercial and industrial sectors throughout Italy and Europe. Milani has successfully deployed GenCell's BOX™ hydrogen-to-power backup system at its Milan HQ to showcase the integration of both companies' technologies aimed at building decarbonization. This collaboration aligns with stringent ESG regulations in Europe and aims to significantly expand their install base, promoting urban decarbonization efforts.

GenCell Energy (TASE: GNCL) has announced a strategic partnership with Canada's ONEC Group to enhance its hydrogen and ammonia power solutions across North America. ONEC has purchased three GenCell BOX™ backup power systems, marking the beginning of their collaboration, specifically targeting Alberta's expanding hydrogen market. This partnership aims to drive sustainable projects in industries such as telecom and electric utilities. GenCell's CEO emphasized the significance of this collaboration in growing the hydrogen economy and addressing climate challenges.

GenCell Energy and E.V. Motors Pure Energy have announced a new order for dozens of off-grid EV charging stations, valued at US$5 million, to be deployed across Israel. Following the successful delivery of the first four charging stations, this collaboration aims to integrate GenCell's fuel cell technology with E.V. Motors' charging solutions, promoting emissions-free energy. The partnership aims to support the growing demand for EV infrastructure, projected to reach US$207 billion by 2030.

GenCell Energy (TASE: GNCL) announced a major scientific breakthrough in its green ammonia synthesis project, allowing production directly from water at low temperatures and pressures. This innovation, evaluated positively by partner TDK Corporation, is expected to enhance green ammonia's availability across various sectors, including agriculture and energy. The development aims to provide an emission-free alternative to the 235 million tons of ammonia produced annually through traditional methods, supporting carbon neutrality goals. CEO Rami Reshef emphasized the significant business potential of this advancement.