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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,580,824
Close 2021-07-15 C$ 19.15
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Ballard Power receives order for 2 fuel cell modules

2021-07-15 16:07 ET - News Release

Mr. Rob Campbell reports

BALLARD RECEIVES ORDER FOR FUEL CELL MODULES TO POWER TRIAL OPERATION OF SIEMENS MIREO PLUS H TRAIN

Ballard Power Systems Inc. has received a purchase order for two of its 200-kilowatt (kW) fuel cell modules from Siemens Mobility GmbH to power a two-car Mireo Plus H passenger train through a trial operation in Bavaria, Germany. As per Ballard's announcement in November, 2017, the 200-kilowatt fuel cell module has been developed and tested under a multiyear development agreement with Siemens, in order to provide primary propulsion power for the Mireo Plus H light rail train. Ballard plans to deliver the modules ordered by Siemens for the trial operation in Bavaria in 2022.

Albrecht Neumann, chief executive officer of rolling stock, Siemens Mobility, said: "Siemens Mobility is a leading supplier in the development of alternative drives, which can contribute significantly to reducing emissions, especially in regional transport where there are no electrified overhead lines. The technology partnership between Siemens Mobility and the State of Bavaria enables the further development of the Mireo Plus H for Bavaria and supports climate-friendly passenger transport in the state."

Rob Campbell, Ballard chief commercial officer, noted: "The trial operation in Bavaria is an exciting development in our ongoing work with Siemens for its Mireo Plus H passenger train. Development and testing of our 200-kilowatt module for the train has been successfully completed and operation in Bavaria is an important step toward commercialization of the train. Both passenger and freight trains -- with their heavy payloads and requirements for long range and rapid refuelling -- represent important opportunities for which fuel cells are an ideal zero-emission solution."

The Bavarian state ministers for economic affairs and for transport support the testing in Bavaria of a hydrogen-powered train. The two-car Mireo Plus H train is to be tested on the Augsburg-Fussen route, among others, in 2023. Pilot operation in the rail network of Bayerische Regiobahn (BRB) is initially planned for 30 months, with the train stationed in Augsburg during the trial.

The Mireo Plus H platform is a modular commuter train designed to operate on non-electrified rail lines, at speeds up to 160 kilometres per hour (100 miles per hour) over a range of up to 800 kilometres (500 miles). Ballard fuel cell modules are mounted on the roof of the train and work in conjunction with batteries installed beneath the floor. Thanks to lightweight design, energy-efficient components and intelligent onboard network management, the train consumes up to 25 per cent less energy than today's trains with similar passenger capacity. The Mireo Plus H will be presented to the public in the spring of 2022, with test runs in Bavaria planned for 2023 before it officially enters passenger service in 2024.

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.

We seek Safe Harbor.

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