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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,603,412
Close 2021-08-30 C$ 20.84
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Ballard, Hexagon to develop fuel-cell electric trucks

2021-08-31 09:18 ET - News Release

Mr. Nicolas Pocard reports

CLASS 6 FUEL CELL ELECTRIC TRUCK POWERED BY HEXAGON PURUS & BALLARD LAUNCHED AT ACT EXPO

Hexagon Purus and Ballard Power Systems Inc. have confirmed a new collaboration to produce Class 6 and Class 7 fuel-cell electric trucks powered by Hexagon Purus's turnkey electric drivetrain and hydrogen storage system solutions and Ballard's fuel-cell module.

This revolutionary truck will provide a range of over 400 miles and refuelling times comparable with conventional trucks. It is a zero-emission solution for fleet owners with demanding operations, moving goods through the middle miles, without the need to expand their fleet.

Ballard's eighth generation of the fuel cell module, the FCmove, provides a zero-emission electric power source, with the reliability of over four decades of technology development and over 50 million miles of on-the-road experience.

Hexagon Purus's lightweight Type 4 H2 storage systems, high-energy-density ProPack battery storage and fully integrated electrified accessory systems deliver light, efficient and long-range zero-emission power for electrified commercial vehicles.

Look for this truck to enter California's hybrid and zero-emission truck and bus voucher incentive program (HVIP) eligible vehicle list in 2022. First fleet deployments will be in and around the Los Angeles basin area -- a market with some of the nation's most stringent air quality regulations. California leads the United States in supporting the deployment of hydrogen fuel-cell technology, including development of a statewide hydrogen fuelling infrastructure to service fuel-cell vehicles.

Both Hexagon Purus and Ballard have provided hydrogen solutions and equipment to industry for decades. This collaboration of two industry veterans is expected to enable accelerated adoption of hydrogen and fuel cells in heavy-duty transport applications.

Driving energy transformation

"Our goal is to drive energy transformation through zero-emission mobility solutions. We look forward to leveraging our extensive experience in lightweight, reliable and safe hydrogen storage and battery-electric drivetrain systems, and, together with Ballard, pave the way to zero-emission commercial transport," said Todd Sloan, executive vice-president, Hexagon Purus.

"Fuel-cell and hydrogen technologies will enable the decarbonization of the heavy-duty transportation sector with long range and quick vehicle refuelling, without compromising on payload. Our partnership with Hexagon Purus will deliver a high performance, zero-emission Class 6 to 7 truck with the integration of state-of-the-art fuel-cell engine, hydrogen storage and electric drivetrain," Nicolas Pocard, vice-president, marketing and strategic partnership.

About the market

Heavy-duty trucks are typically used for highway transportation; therefore, they are required to have sufficient cruising range and load capacity as well as fast refuelling capability. For this reason, fuel-cell vehicles that run on hydrogen with its higher energy density are considered effective.

Hydrogen fuel cells are a no-combustion technology that require a constant source of fuel and oxygen to create electricity. They emit only water. Hydrogen tanks on a fuel-cell electric car or truck can be refilled in about the same amount of time as liquid fuel tanks, eliminating the lengthy recharging times required by battery-dependent electric vehicles. Hydrogen is available today from a variety of carbon-free and low-carbon sources, providing low or even negative total carbon emissions from transport fleets, and zero smog-forming pollutants.

Timing

First prototype of the hydrogen truck will be delivered in the second quarter of 2022.

About Ballard Power Systems Inc.

Ballard Power Systems' vision is to deliver fuel-cell power for a sustainable planet. Ballard's 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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