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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,580,824
Close 2021-07-08 C$ 20.89
Recent Sedar Documents

Ballard has fuel cell module order from Tata Motors

2021-07-08 17:37 ET - News Release

Mr. Rob Campbell reports

BALLARD RECEIVES INITIAL ORDER FOR FUEL CELL MODULES TO POWER 15 TATA MOTORS BUSES IN INDIA

Ballard Power Systems Inc. has received a purchase order for 15 of the company's 70-kilowatt FCmove-HD fuel cell modules from Tata Motors, headquartered in Mumbai, India, to power 15 of Tata's zero-emission fuel cell electric buses (FCEBs). Ballard plans to complete delivery of all modules by 2022. The buses are planned for deployment in Faridabad, the largest city in the national capital region of Delhi.

Tata Motors is a multinational firm and is part of Tata Group. It is India's largest manufacturer of commercial vehicles and a leading bus manufacturer in India, with revenue of approximately $35-billion.

The 15 buses will be supplied by Tata to the research and development centre of Indian Oil Corp. Ltd. (IOCL). Tata and IOCL will jointly study the potential of fuel cell technology for commercial vehicles, including testing, maintenance and operation of the FCEBs in real-world public transport conditions in India's national capital region. IOCL will also generate and dispense the hydrogen fuel to be used by the Ballard modules in these buses.

"We are thrilled to be working again with Tata Motors on this groundbreaking opportunity in India," noted Rob Campbell, Ballard's chief commercial officer. "Ballard has unmatched experience powering buses in operation in many parts of the world, where we have demonstrated industry-leading performance. We are keen to engage with the largest commercial vehicle manufacturer in India, a market for which approximately 50,000 new buses are built annually."

Mr. Campbell added: "The FCmove product is Ballard's eighth-generation engine for transit buses and reflects high performance, simplified design and reduced cost from our prior-generation product. As always, Ballard will work closely with Tata to ensure seamless integration of our engine into its FCEB design, along with the highest level of on-road performance."

India's government and industry are increasingly looking at hydrogen -- and particularly green hydrogen produced using renewable energy sources -- as an alternative fuel to combat pollution levels in the country. This includes the national capital region, where winter months see dangerous levels of polluted air. Moreover, a new energy transition coalition called India H2 Alliance was recently formed by major industry players, with a focus on commercializing hydrogen technologies and systems to create net-zero carbon pathways in India.

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 are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks.

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