Mr. David Mucciacciaro reports

BALLARD ANNOUNCES ORDERS FROM SOLARIS FOR NEARLY 100 HYDROGEN FUEL CELL ENGINES TO POWER BUSES IN EUROPE

Ballard Power Systems Inc. has received multiple purchase orders for a total of 96 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp zoo, a leading European bus manufacturer that is deploying hydrogen-powered buses across the continent. Ballard expects limited initial deliveries of the 96 fuel cell engines to start in late 2023, with most being delivered through 2024.

The purchase orders include the largest single order to date that Ballard has received from Solaris -- an order for 52 fuel cell engines that will power Solaris Urbino hydrogen buses for deployment by public transport operator Rebus Regionalbus Rostock, based in Gustrow, Germany. Rebus is building two hydrogen refuelling stations at depots in Gustrow and Bad Doberan to support the planned and future growth of hydrogen-powered local public transportation.

In addition to the order for Gustrow-bound buses, Ballard has received orders from Solaris for an additional 44 fuel cell engines that will power Solaris buses in European cities. These orders will add to the more than 110 fuel cell buses that Solaris has deployed with customers in Europe to date.

"Receiving our largest single order for fuel cell bus engines in Europe is a testament to the performance of our products and our partner's hydrogen-powered buses," said David Mucciacciaro, Ballard chief commercial officer. "We believe these orders demonstrate broader acceptance of fuel cell buses that is driving deployment-level volumes for our customer and is a signpost on the journey towards decarbonization of city buses and the potential of widespread fuel cell bus adoption."

About Ballard Power Systems Inc.

Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM (polymer electrolyte membrane) fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels and stationary power.

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