For many years Swedish company myFC repeatedly made headlines with its specialist fuel cell applications – ranging from fuel cell systems for cell phones to electrically powered bicycles. In fall 2022 the disclosure was made that the company, which has been listed on the Nasdaq First North Growth Market since 2014, had filed for insolvency at the district court in Stockholm on June 30. Trading platforms indicated a liquidity squeeze as the cause.
The Scandinavian company had previously presented test models of an initial user-friendly portable charging device back in 2008 (see HZwei, April 2011). In 2011 it introduced Powertrekk, a hybrid device consisting of a PEM fuel cell and a lithium-ion battery for supplying power to mobile terminals. The Powertrekk 2.0 came “onto the market” in 2015 but failed to make a profit.