Mr. Marty Neese reports

BALLARD ANNOUNCES ORDER FOR 6.4 MW TO ECAP MARINE FOR SAMSKIP VESSELS

Ballard Power Systems Inc. has signed a new purchase order for the supply of 6.4 megawatts of fuel cell engines to eCap Marine GmbH, a long-standing expert in emission-free power, for deployment on two vessels by Samskip, one of the largest multimodal European operators specializing in short sea, rail, road and barge services.

The 32 FCwave 200-kilowatt engines will be integrated into green marine propulsion systems by eCap Marine and power two vessels in Samskip's fleet to decarbonize routes between Norway and the Netherlands. The order continues the collaboration with eCap Marine, which started in 2021. Delivery of the engines is planned for 2025 and 2026.

"We're proud to expand our partnership with eCap Marine and Samskip with one of the largest marine fuel cell engine orders in history," said Marty Neese, president and chief executive officer, Ballard Power Systems. "Deploying our fuel cell engines on these two Samskip vessels provides a critical validation point for the use of PEM fuel cell propulsion for maritime applications."

Lars Ravens, managing director of eCap Marine, stated: "Our continued collaboration with Ballard is central to our mission to decarbonize marine transport. This latest order exemplifies our shared commitment to operational excellence and environmental stewardship. Together, we are delivering a clean propulsion solution that meets the rigorous demands of long-haul marine operations."

Ballard's FCwave is the world's first DNV-type-approved fuel cell module for marine applications, ensuring compliance with international maritime safety and design standards. This order is supported by Enova, Norway's government agency for energy and climate initiatives, reinforcing the role of public-private collaboration in accelerating the transition to sustainable marine energy solutions.

About Ballard Power Systems Inc.

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

We seek Safe Harbor.