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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 244,289,430
Close 2020-09-04 C$ 17.91
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Ballard releases fuel cell module for ships

2020-09-08 02:24 ET - News Release

Mr. Rob Campbell reports

BALLARD INTRODUCES FUEL CELL INDUSTRY'S FIRST COMMERCIAL ZERO-EMISSION MODULE TO POWER SHIPS

Ballard Power Systems Inc. has launched the fuel cell industry's first module designed for primary propulsion power in marine vessels. Ballard's FCwave fuel cell product is a 200-kilowatt modular unit that can be scaled in series up to the multimegawatt power level.

The FCwave product provides primary propulsion power for marine vessels -- such as passenger and car ferries, river push boats, and fishing boats -- as well as stationary electrical power to support hotel and auxiliary loads on cruise ships and other vessels while docked at port (also known as cold ironing).

Rob Campbell, Ballard chief commercial officer, said: "Ballard is focused on heavy- and medium-duty motive applications, particularly where requirements include heavy payload, extended range and rapid refuelling. This is a sweet spot for our fuel cell value proposition, which is backed up by more than 50 million kilometres of operational experience in thousands of vehicles. These same requirements underpin use cases in the maritime industry, resulting in a significant addressable market opportunity that can be effectively addressed by our new FCwave product. Global efforts to decarbonize include commercial maritime activities, where Ballard intends to build on our leading position in zero-emission fuel cell solutions."

Jesper Themsen, chief executive officer of Ballard Power Systems Europe A/S, noted: "The United Nations International Maritime Organization, or IMO, has set aggressive targets for reduction of [carbon dioxide] emissions in the marine sector, including 50-per-cent-lower emissions by 2050. At Ballard, we have recognized this important market opportunity, launching a marine centre of excellence at our Hobro, Denmark, facility this year. Our marine centre of excellence will focus on engineering, manufacturing and servicing the developing marine market with our FCwave product."

Fuel cells provide a zero-emission solution for the reduction of carbon emissions in marine vessels. Ballard's FCwave product was designed to leverage the company's technology and critical components already proved in existing product applications to ensure that it can withstand the rigours of marine applications while meeting all performance and safety requirements.

FCwave offers compelling benefits to maritime customers, including:

  • Industry-leading durability, with greater than 30,000 hours expected operating lifetime;
  • High system efficiency: greater than 55 per cent;
  • Lightweight at 4.4 kilograms per kilowatt;
  • Flexibility through modular components for scalable power;
  • Extended range, limited only by the volume of hydrogen fuel stored on board;
  • Reliable performance;
  • Safe operation;
  • Proven service model.

The company is currently engaged in the type approval process with DNV-GL, an international accredited registrar and classification society headquartered in Norway.

Ballard will be showcasing the FCwave fuel cell module during an on-line event, taking place on Sept. 10 at 3 p.m. CET. Sign up for the event and join the company live as the company introduces the latest in zero-emission propulsion for marine vessels.

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, forklift trucks and UAVs (unmanned aerial vehicles).

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