Ballard Announces Orders for 40 Fuel Cell Modules in European Market | New

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VANCOUVER, BC, November 4, 2021 / PRNewswire / – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced orders for a total of 40 FCmoveMT-HD modules (70kW) for planned deployment in hydrogen fuel cell electric buses (“FCEB”) through Europe in 2022.

These FCEBs are deployed in France, Germany, and the United Kingdom.

Rouen, France deploys its first fleet of zero-emission FCEBs powered by Ballard fuel cell technology, and Pau, France expands its existing fleet of FCEBs powered by Ballard. Today, four French cities have Ballard fuel cell buses in service or in development.

The domain of Frankfurt, germany is also increasing the number of zero-emission FCEBs powered by Ballard fuel cell technology. There are now six German cities with Ballard fuel cell buses in operation or in development, an increase of three cities from last year.

Brighton, England is the first UK municipality of its kind to publicly declare a zero emissions target by 2030 for its fleet of nearly 500 buses. Brighton the initial order for 20 FCEBs is the first phase in the development of the FCEB, with supporting funding from the JIVE program and the UK’s ultra-low emission bus program.

Almost 160 hydrogen FCEBs powered by Ballard are now in service at Europe, an increase of over 80% since October 2020. Approximately 150 fuel cell modules are currently on order from Ballard to support the deployment of an additional 150 FCEBs in the European market, including today’s announcement.

“The dynamics of the hydrogen fuel cell bus market continue to accelerate throughout Europe. In just twelve months, we went from 10 to more than 25 cities, in 10 European countries ”, declared Oben Uluc, European Sales Director for Ballard. “With orders underway to double the number of FCEBs carrying passengers on the streets of European cities, we see an exciting step forward in the adoption of FCEBs. We are seeing strong growth over the next decade as our bus OEM customers supply FCEBs to transit operators planning to decarbonize their bus fleets. “

About Ballard Power Systems

The vision of Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells enable the electrification of mobility, including buses, commercial trucks, trains, ships, passenger cars and forklifts. To learn more about Ballard, please visit www.ballard.com.

Forward-looking statements

This press release contains forward-looking statements regarding the development and delivery of fuel cell products, their benefits and early market adoption. These forward-looking statements reflect Ballard’s current expectations as contemplated by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based on Ballard’s assumptions about its financial forecasts and expectations regarding its product development efforts, manufacturing capability and market demand. For a detailed discussion of the factors and assumptions on which these statements are based, and the factors that could cause our results or actual results to differ materially, please refer to Ballard’s latest MD&A. Other risks and uncertainties that could cause Ballard’s actual results to differ materially include general economic and regulatory changes, detrimental reliance on third parties, the successful completion of our business plans, and achieving and maintaining profitability. . For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent annual information form. These forward-looking statements are provided to enable external stakeholders to understand Ballard’s expectations as of the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements, and Ballard assumes no obligation to update them or issue revisions, except as required by applicable law.

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SOURCE Ballard Power Systems Inc.


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