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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 244,289,430
Close 2020-09-28 C$ 19.96
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Ballard Power to expand MEA production capacity

2020-09-28 17:40 ET - News Release

Ms. Jyoti Sidhu reports

BALLARD EXPANDING MEA PRODUCTION CAPACITY 6X TO MEET EXPECTED GROWTH IN FUEL CELL ELECTRIC VEHICLE DEMAND

Ballard Power Systems Inc. is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies or MEAs -- a critical component of every fuel cell -- six times by early 2021 at its headquarter facility in Vancouver. The upgraded capacity for production of six million MEAs annually, equivalent to approximately 1.66 gigawatts of product, will make Ballard's Vancouver facility the largest fuel cell MEA production operation globally for commercial vehicles. Details of the expansion plan will be reviewed at Ballard's virtual investor and analyst day 2020 event being held on Sept. 29, with further event details available on-line.

"We embarked on a strategic investment to expand MEA manufacturing capacity approximately 18 months ago in preparation for expected growth in the demand for fuel cell engines to power heavy- and medium-duty motive applications, including bus, truck, train and marine vessels," said Jyoti Sidhu, Ballard vice-president of operations. "With completion of this expansion program planned for early 2021, we will be providing a review of our production capacity expansion, including a video overview, during our upcoming virtual investor and analyst day 2020 on Sept. 29."

Ms. Sidhu also noted: "We have focused on achieving our operational excellence plan as we significantly expand production capacity. In addition to the increased MEA production capability, we are simultaneously expanding our capacity for fuel cell stacks and assembly of complete modules, or engines, in Vancouver by a similar factor of six times."

Dr. Lee Sweetland, Ballard director of advanced manufacturing, added: "Capacity expansion is being enabled in part through investment in advanced manufacturing technology, together with the extensive use of automation and in-line quality control, to drive high yields for product assembly. We are also integrating systems, from the supply chain throughout our manufacturing process, including a manufacturing execution system, to enhance available data and streamline production."

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, passenger cars, forklift trucks and UAVs (unmanned aerial vehicles).

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