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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 244,289,430
Close 2020-09-14 C$ 19.03
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Ballard releases FC-gen-HPS product

2020-09-14 17:54 ET - News Release

Mr. Randy MacEwen reports

BALLARD LAUNCHES INDUSTRY-LEADING HIGH-POWER DENSITY FUEL CELL STACK FOR VEHICLE PROPULSION

Ballard Power Systems Inc. has launched its FCgen-HPS product, a high performance, zero-emission, proton exchange membrane (PEM) fuel cell stack, to provide propulsion for a range of light-, medium- and heavy-duty vehicles in an industry-leading volumetric high-power density of 4.3 kilowatts per litre. This marks another power density milestone for Ballard over its decades of PEM fuel cell product innovation.

The FCgen-HPS was fully designed and developed by Ballard to stringent automotive standards in the company's technology solutions program with Audi AG. Ballard currently holds the right to use the FCgen-HPS for a variety of applications, including bus, rail, marine, mining, construction and aerospace vehicles, along with stationary power applications. Today, Ballard signed a non-binding memorandum of understanding with Audi to expand its right to use the FCgen-HPS in all applications, including commercial trucks and passenger cars.

In addition to its leading high-power density, the FCgen-HPS delivers a combination of impressive performance metrics, including:

  • High power output: up to 140-kilowatt maximum power level, with scalability to multiple power blocks;
  • High operating temperature: up to 95 C maximum operating temperature, which allows for more efficient and smaller cooling systems;
  • Rugged cold weather capabilities: minus 28 C freeze start capability with fast power ramp.

Randy MacEwen, Ballard chief executive officer, said: "While governments across the planet are increasingly declaring green hydrogen to play a major role in the path towards net zero carbon, there is also a growing recognition that zero-emission fuel cell systems are well suited to decarbonize a range of motive applications that have historically been difficult to abate. This is true for buses, commercial trucks, trains and marine vessels, where there is a requirement for heavy payload, extended range and rapid refuelling. These use cases typically feature return-to-base depot refuelling, which reduces the challenge of scaling hydrogen refuelling infrastructure. The FCgen-HPS adds an important high-power-density fuel cell stack to Ballard's current product lineup, supporting our efforts to penetrate these large addressable markets, while also improving our long-term positioning for future motive applications, including passenger cars and urban air mobility."

Dr. Kevin Colbow, Ballard chief technology officer, noted: "The FCgen-HPS delivers significant value through advancements made by Ballard in membrane electrode assemblies, or MEAs, and carbon bipolar plates. While the FCgen-HPS establishes a new industry standard for power density, we continue to move the yardsticks at Ballard on stack design, with continuous improvements on power density, durability, operating parameters, freeze start capabilities, efficiency and total life cycle costs. At Ballard, we believe we have industry-leading talent to design PEM fuel cell stacks and systems that offer best performance and value for our target markets."

Ballard and Audi expect to sign definitive agreements in 2020 formalizing the terms of the memorandum of understanding referenced herein.

About Ballard Power Systems Inc.

Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. The company builds fuel cell products that reduce customer costs and risks, and helps customers solve difficult technical challenges or address new business opportunities.

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