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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,580,824
Close 2021-07-26 C$ 19.58
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Ballard Power receives FCwave order from Fusion-Fuel

2021-07-27 11:46 ET - News Release

Mr. Rob Campbell reports

BALLARD TO PROVIDE FUEL CELL SYSTEM FOR FUSION-FUEL'S H2EVORA HYDROGEN PRODUCTION PROJECT IN PORTUGAL

Ballard Power Systems Inc. has received a purchase order for one of its 200-kilowatt (kW) FCwave fuel cell modules from Fusion-Fuel, an innovative green hydrogen solutions company headquartered in Portugal, to be integrated into Fusion-Fuel's H2Evora project in the Evora region of Portugal. The H2Evora project will use Fusion-Fuel's new HEVO electrolyzer design to produce green hydrogen that will power the FCwave module for generation of zero-emission electricity. Ballard plans to deliver the FCwave module to Fusion-Fuel this year.

Fusion-Fuel's HEVO electrolyzer is small, lightweight, able to be mass produced and can be combined with a high-efficiency solar cell attached to a specially designed concentrated photovoltaic (CPV) solar panel in order to leverage the sun's energy -- both electrical and thermal -- for production of highly competitive zero-emission green hydrogen. By attaching the HEVO electrolyzer directly to the CPV solution, very high solar-to-electric conversion is enabled, while also generating heat that improves efficiency of the HEVO electrolyzer.

The H2Evora project will be Fusion-Fuel's first utility-scale solar-to-hydrogen plant, ultimately consisting of 15 HEVO electrolyzers producing close to 15 tons of green hydrogen annually. A portion of this hydrogen will enable generation of over 240 megawatt hours of electricity from Ballard's FCwave module, which will be fed into Portugal's grid during periods of peak demand. The project will permit evaluation of a number of use cases, including: conversion of hydrogen into electrical energy through a fuel cell; hydrogen blending in the natural gas network; and compression and bottling of hydrogen for industrial applications.

At the launch ceremony held today in Portugal, Joao Wahnon, Fusion-Fuel head of business development, said: "We have developed the HEVO as a modular miniaturized electrolyzer that can support a range of applications, from large-scale hydrogen generation to smaller-scale on-site hydrogen production. Collaboration with Ballard Power Systems is an exciting and strategic development, since the combination Fusion Fuel's technology with Ballard's market-leading PEM fuel cell system can provide an interesting off-grid power solution."

Rob Campbell, Ballard's chief commercial officer, noted: "Fusion-Fuel's H2Evora project is an exciting step in the demonstration of sustainable electricity generation at competitive cost. We are excited to be working with such an innovative company in the clean energy frontier and intend to jointly pursue opportunities for customers seeking to decarbonize their business in an affordable and efficient way."

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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