Operator

Welcome to the PowerCell Group Q1 2026 Report Presentation. [Operator Instructions] Now I will hand the conference over to the CEO, Richard Berkling; and CFO, Anders During. Please go ahead.

Richard Berkling
President & CEO

Good morning, and thank you very much for joining us. Also today, we have our CTO, PowerCell, Andreas Boden, joining in to give you a presentation and an in-depth look at the technology of PowerCell. But before going into the quarter, let me briefly frame the environment that we're operating in at the moment.

We are now seeing an increasing demand of energy in society and in the world, both when it comes to energy resilience, but also the fact that the energy demand in society is accelerating quite drastically. So we see interesting search in the industry that we're operating in. But at the same time, we are operating in a very uncertain time. Geopolitical issues that we are all affected by, we see capital discipline, but also some lack of infrastructure that is creating a headwind towards the increased demand that we see in energy.

For PowerCell, this is the reality that we're navigating in. Our commitment as management is to make sure that we have an action readiness, and we're prepared for a variety of outcomes because we are going to navigate in uncertain waters for quite some time going forward.

Today, we will keep this presentation focused and structured because we have a lot to share. We will start with the technical foundation of our systems, giving you an update on what we have spent