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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,082,350
Close 2021-03-08 C$ 26.82
Recent Sedar Documents

Ballard Power receives fuel cell order from Wrightbus

2021-03-09 10:31 ET - News Release

Mr. Rob Campbell reports

BALLARD ANNOUNCES FOLLOW-ON ORDERS FROM WRIGHTBUS FOR FUEL CELL MODULES TO POWER 50 BUSES IN THE U.K.

Ballard Power Systems Inc. has received follow-on purchase orders from Wrightbus, a leading bus OEM and Ballard partner headquartered in Northern Ireland, for a total of 50 fuel cell modules to power fuel cell electric buses, or FCEBs, planned for deployment in a number of United Kingdom cities. The busses will be partially financed under the JIVE (joint initiative for hydrogen vehicles across Europe) program.

The orders for the 50 fuel cell modules announced today are incremental to the previous orders for a total of 50 modules, which was referenced in Ballard's June 16, 2020, press release, with all 50 of those modules having shipped in 2020. Of the additional 50 modules announced today, four were shipped in 2020. All of these additional modules will power buses planned for deployment in a number of U.K. cities, including Birmingham, Aberdeen, London and Belfast.

Rob Campbell, Ballard chief commercial operator, said: "The orders announced today from Wrightbus for 50 fuel cell modules, in combination with the 50 modules noted in June, 2020, underpins the value we place on our long-standing partnership with Wrightbus. The fuel cell electric bus market is now gaining momentum and is expected to continue on an aggressive growth path in Europe and globally. Ballard intends to continue leading with proven and reliable fuel cell products that offer superior total cost of ownership for bus fleet operators along with the benefits of fuel cell buses that deliver route flexibility, rapid refueling and long-range zero-emission performance."

The JIVE program provides partial financing for a total of 295 fuel cell electric buses, of which 120 are currently operating in the U.K., France, Italy, Denmark, Latvia and the Netherlands. The remaining 175 FCEBs are expected to be deployed in various European cities by mid-2022. Ballard is supplying fuel cell modules for more than 85 per cent of the FCEBs deployed and ordered to date under the JIVE program.

About Ballard Power Systems Inc.

Ballard Power's vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.

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