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Ballard announces multiple orders totaling over 6 MW of fuel cell engines for European bus market

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Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has secured significant orders for its fuel cell engines from two bus manufacturers targeting the European and UK city bus market. The orders total over 90 fuel cell engines, representing approximately 6.4 megawatts (MW) of total rated power. Chief Commercial Officer David Mucciacciaro highlighted these orders as validation of fuel cells as a zero-emission alternative to diesel engines and confirmation of Ballard engines' capability to meet demanding city bus performance requirements.

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) ha ottenuto ordini significativi per i suoi motori a celle a combustibile da due produttori di autobus che si concentrano sul mercato degli autobus cittadini europei e britannici. Gli ordini ammontano a oltre 90 motori a celle a combustibile, che rappresentano circa 6,4 megawatt (MW) di potenza totale nominale. Il Direttore Commerciale David Mucciacciaro ha evidenziato questi ordini come una convalida delle celle a combustibile come alternativa a emissioni zero ai motori diesel e come conferma della capacità dei motori Ballard di soddisfare requisiti di prestazione rigorosi nel settore degli autobus cittadini.

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) ha asegurado pedidos significativos para sus motores de celdas de combustible de dos fabricantes de autobuses que se enfocan en el mercado de autobuses urbanos en Europa y el Reino Unido. Los pedidos totalizan más de 90 motores de celdas de combustible, lo que representa aproximadamente 6.4 megavatios (MW) de potencia total nominal. David Mucciacciaro, Director Comercial, destacó estos pedidos como una validación de las celdas de combustible como una alternativa de cero emisiones a los motores diésel y una confirmación de la capacidad de los motores Ballard para cumplir con los exigentes requisitos de rendimiento de los autobuses urbanos.

발라드 파워 시스템즈 (NASDAQ: BLDP) (TSX: BLDP)는 유럽 및 영국 시내버스 시장을 목표로 하는 두 개의 버스 제조업체로부터 연료 전지 엔진에 대한 중요한 주문을 확보했습니다. 이 주문은 총 90개의 연료 전지 엔진 이상에 달하며, 총 정격 전력은 약 6.4메가와트 (MW)에 해당합니다. 상업 책임자 데이비드 무치앗차로는 이 주문이 연료 전지가 디젤 엔진에 대한 제로 배출 대안으로서의 유효성을 입증했다는 점과 발라드 엔진이 까다로운 시내버스 성능 요구 사항을 충족할 수 있음을 확인시켜 주었다고 강조했습니다.

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) a sécurisé des commandes importantes pour ses moteurs à hydrogène auprès de deux fabricants de bus ciblant le marché des bus urbains en Europe et au Royaume-Uni. Les commandes totalisent plus de 90 moteurs à hydrogène, représentant environ 6,4 mégawatts (MW) de puissance nominale totale. David Mucciacciaro, Directeur Commercial, a souligné ces commandes comme une validation des cellules à hydrogène en tant qu'alternative zéro émission aux moteurs diesel et comme une confirmation de la capacité des moteurs Ballard à répondre aux exigences de performance exigeantes des bus urbains.

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) hat bedeutende Aufträge für seine Brennstoffzellenmotoren von zwei Busherstellern erhalten, die den europäischen und britischen Stadtbusmarkt anvisieren. Die Aufträge belaufen sich auf über 90 Brennstoffzellenmotoren, was etwa 6,4 Megawatt (MW) an Gesamtnennleistung entspricht. David Mucciacciaro, Chief Commercial Officer, hob diese Aufträge als Bestätigung der Brennstoffzellen als emissionsfreie Alternative zu Dieselmotoren hervor und bestätigte die Fähigkeit der Ballard-Motoren, die strengen Leistungsanforderungen für Stadtbusse zu erfüllen.

Positive
  • Secured orders for over 90 fuel cell engines
  • Total power capacity of 6.4 MW indicates substantial contract size
  • Expanding presence in European and UK bus market
  • Demonstrates repeat business and platform wins
Negative
  • None.

Insights

The 6.4 MW fuel cell engine order represents a meaningful commercial milestone for Ballard Power Systems in the European hydrogen mobility sector. Based on typical fuel cell configurations for buses, this 90+ engine order could equip approximately 45-50 double-decker buses or 90-95 standard buses. The deal validates growing adoption of hydrogen fuel cell technology in the European public transport sector, where operators are increasingly seeking zero-emission alternatives to meet stringent environmental regulations.

The strategic significance lies in the repeat orders from existing OEM partners, indicating successful field performance of Ballard's technology. For context, each bus powered by these fuel cells could displace approximately 60-80 metric tons of CO2 annually compared to diesel alternatives. The total order could represent about $25-30 million in revenue based on current market prices for fuel cell systems of this scale.

This order marks an important commercial validation in the European bus market, where hydrogen fuel cell adoption faces competition from battery electric alternatives. The key advantage of fuel cell buses is their operational flexibility - they can refuel in minutes and operate continuously like diesel buses, while offering zero tailpipe emissions. Multiple European cities are deploying hydrogen bus fleets as part of their decarbonization strategies.

The repeat orders suggest satisfied customers and successful real-world deployments, critical for market expansion. For perspective, the European zero-emission bus market is projected to grow at 35% CAGR through 2030, with hydrogen fuel cells expected to capture 25-30% of this growth. This order helps solidify Ballard's position as a leading supplier in this expanding market segment.

VANCOUVER, BC, Dec. 20, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced orders from two bus manufacturers to supply over 90 fuel cell engines, representing approximately 6.4 megawatts (MW) of total rated power, for the European and UK city bus market.

"We are excited with the continued growth of our bus OEM partnerships and our continued progress on customer platform wins and repeat business," said David Mucciacciaro, Chief Commercial Officer at Ballard. "These orders further validate the benefits of fuel cells as a zero-emission alternative to diesel engines and the ability of Ballard engines to deliver the demanding performance requirements of city buses."

About Ballard Power Systems

Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) 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, and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.

These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining 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. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.

Further Information

Ballard Power Systems:
Sumit Kundu – Manager, Investor Relations & Finance +1.604.453.3517 or investors@ballard.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-multiple-orders-totaling-over-6-mw-of-fuel-cell-engines-for-european-bus-market-302337115.html

SOURCE Ballard Power Systems Inc.

FAQ

How many fuel cell engines did Ballard Power Systems (BLDP) secure in their latest European orders?

Ballard Power Systems secured orders for over 90 fuel cell engines, representing approximately 6.4 megawatts (MW) of total rated power.

Which markets are targeted by Ballard's (BLDP) latest fuel cell engine orders?

The latest fuel cell engine orders are targeting the European and UK city bus market.

What is the total power capacity of Ballard's (BLDP) December 2024 fuel cell engine orders?

The total power capacity of the orders is approximately 6.4 megawatts (MW).

How many bus manufacturers placed orders with Ballard (BLDP) in this announcement?

Two bus manufacturers placed orders with Ballard Power Systems.

Ballard Power Systems Inc.

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