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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,603,412
Close 2021-09-07 C$ 21.45
Recent Sedar Documents

Ballard to develop electric trucks with Quantron

2021-09-07 16:27 ET - News Release

Mr. Robert Campbell reports

BALLARD POWER SYSTEMS AND QUANTRON AG ANNOUNCE A STRATEGIC PARTNERSHIP FOR THE DEVELOPMENT OF HYDROGEN FUEL CELL ELECTRIC TRUCKS

The partnership of Ballard Power Systems Inc. and Quantron AG, a global leader in electric vehicle integration, is expected to accelerate deployment and market adoption of fuel cell technologies. The combined, complementary expertise of Ballard and Quantron enables broader customer access to zero-emission fuel cell electric trucks without compromising on range, payload, vehicle utilization or total cost of ownership.

Initial collaboration will focus on the integration of Ballard's FCmove family of heavy-duty fuel cell power modules into Quantron's electric drive train and vehicles. Fuel cell electric truck platforms currently in development include a 7.5-tonne delivery truck, a 44-tonne heavy-duty truck and a municipal waste collection truck.

Initial deployment of fuel cell electric trucks is scheduled for the second half of 2022. In Europe, various government subsidies and incentives will be available to vehicle fleet operators. Specifically, Germany has recently committed to covering up to 80 per cent of conversion costs from internal combustion engines to alternative drives through the e-mobility support program.

Key milestone in acceleration of fuel cell technology adoption for truck applications

Andreas Haller, founder and chairman of Quantron, commented: "This is another important milestone for Quantron's global growth. The co-operation with Ballard enables us to bring customized hydrogen commercial vehicles with fuel cell electric drives to the market. Today, we embark on a journey of joint development and production of fuel cell electric commercial vehicles."

Robert Campbell, chief customer officer of Ballard Power Systems, commented: "Ballard is looking forward to collaborating with Quantron to accelerate the adoption of fuel cell technology for truck applications. The combination of both companies' expertise will deliver high-performance hydrogen trucks to respond to the growing demand for zero-emission vehicles from fleet operators and unlock new business opportunities for medium- and heavy-duty fuel cell trucks in Germany. Ballard is bringing its eighth generation of heavy-duty fuel cell power module experience built upon over 85 million kilometres of road service from over 3,500 buses and trucks powered by our leading PEM technology today."

Positive impact toward zero-emission transport

Heavy-duty vehicles have a higher impact on emissions and air pollution in cities than any other vehicle. The critical role of hydrogen and fuel cell technologies in the decarbonization of this sector has been recognized in many European countries' hydrogen strategies. Hydrogen and fuel cell technologies are critical to the industry-wide decarbonization effort. The Quantron-Ballard collaboration will leverage the synergies between battery electric and fuel cell electric power trains to enable a greener, faster and more-cost-effective decarbonization of the transportation industry.

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

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