myFC is the world’s leading manufacturer of micro fuel cells and chargers for portable consumer electronic devices such as smartphones and tablets.
Our vision is to make green electricity available to everyone. To generate energy we use hydrogen, the only form of energy that does not produce carbon dioxide when burnt. This is an increasingly important competitive edge, regardless of what the energy is to be used for. What sets us apart from our competitors is the combination of our unique micro fuel cell, fully developed inhouse and our highly efficient fuel, likewise developed inhouse. The whole of our technology system, both the fuel cell and fuel, is patented. To date, we have applied for and been granted around ninety patents.
myFC was established in 2005 as a spin-off from the fuel cell research at the KTH, the Swedish Royal Institute of Technology. We are to date 25 employees and our head office is in Stockholm, we recently opened an office in Malmö in the south part of Sweden. In 2016, we opened our first office outside Sweden, myFC Asia, in Hong Kong. We have been listed on Nasdaq First North since May 2014.
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We are a technology company. With our technology we adress something called the "Power Gap", that is the disparity between the need for energy and the supply of energy. In the automotive industry, it is referred to as "Range anxiety". Smartphones and tablets are becoming ever more powerful, the "apps" we use are becoming more and more energy consuming, while the capacity of batteries has barely improved at all over the past decade. We are all familiar with the consequences: depleted smartphones and tablets that have to be charged several times a day. The need for alternative ways of charging is therefore increasing.
Our fuel cell technology system produces energy, without the need for a power outlet and therefore eliminates the limitations of lithium-ion batteries. The fuel in our product creates energy using water, salt and reaction components; with heat, electrons and vaporized water as the only residual products. Our micro fuel cell has a very high power density in comparison with that achieved by our competitors. Being able to provide such high power density, means that we need to use less material than our competitors to achieve the same power level. As a result, we have succeeded in developing the world’s thinnest fuel cell, LAMINA™.
myFC develops world-leading green energy technology. Our revenues are generated through the development, sale and distribution of our own products in the advanced charging devices segment; through recurring sales of our patented fuel; and, in the foreseeable future, by licensing our patented technology for integrated fuel cells to OEM partners. We have developed and patented both our fuel cell and our fuel technology and control the most essential parts of the JAQ product. Our staff work primarily on research and development of products and materials and with administration and development of IP.
Do you want to join our mission to make green electricity available to everyone? Visit our career page