Ballard & HDF Energy Announce World's First Multi-Megawatt Scale Baseload Hydrogen Power Plant
Ballard Power Systems (NASDAQ: BLDP) announced that its partner HDF Energy has commenced construction on the CEOG Renewstable® Power Plant in French Guiana. This facility is notable as the world's first multi-megawatt baseload hydrogen power plant, featuring the largest green hydrogen storage system for intermittent renewable sources. The $200 million project will integrate solar energy with hydrogen and battery storage to provide stable, zero-emission power for 10,000 households. The two companies expect to deliver the first fuel cell systems by mid-2023.
- CEOG project is the world's first multi-megawatt baseload hydrogen power plant.
- Project utilizes Ballard's ClearGen® architecture for hydrogen storage and power generation.
- The facility aims to power 10,000 households with renewable energy, reducing reliance on fossil fuels.
- None.
VANCOUVER, BC and BORDEAUX, France, Oct. 7, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that its partner, Hydrogene de France ("HDF Energy"; EURONEXT: HDF; www.hdf-energy.com), an Independent Power Producer dedicated to renewable power generation, commenced construction of the CEOG Renewstable® Power Plant ("CEOG") in French Guiana. CEOG is the world's first multi-megawatt, baseload hydrogen power plant, and the largest green hydrogen storage of intermittent renewable electricity sources. Also, CEOG is the first order for a new generation of megawatt power fuel cell systems dedicated to stationary applications, which will be mass produced in the HDF facility in Bordeaux.
This project is part of a multi-staged development agreement between Ballard and HDF, as initially announced in December 2019 by Ballard. CEOG is the first commercial project for HDF under this agreement. This is an important proof point for the use of hydrogen storage and electrical regeneration combined with renewable energy. The
The Renewstable® power plant, designed and developed by HDF, will supply a
"CEOG demonstrates that HDF Renewstable® solution addresses a very large market, being all grids that are currently powered by fossil fuel power plants," said Damien Havard, CEO of HDF Energy. "By supplying non-intermittent renewable energy, CEOG – which we are working to replicate across the world – opens a new era for renewable energies."
Rob Campbell, Ballard's Chief Commercial Officer, said, "Ballard's leading Proton Exchange Membrane fuel cell technology is well-suited for utility power systems such as this, which require proven reliability, dependability and operating performance in heavy-duty applications." Mr. Campbell continued, "Our stacks are expected to offer cost effective scaling of energy storage and electricity regeneration, are optimal for daily cycling of operations, and are completely zero emissions in this case due to the use of upstream renewable energy."
HDF and Ballard anticipates the two 1.5 MW fuel cell systems, to be delivered by mid-2023. The systems will utilize Ballard's core FCgen®-LCS stack technology.
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, passenger cars and forklift trucks. To learn more about Ballard, please visit www.ballard.com.
Forward-looking statements
This release contains forward-looking statements concerning the development and delivery of fuel cell products, and the benefits and anticipated market adoption of them. 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 statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard's most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard's actual results to be materially different include 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. These forward-looking statements are provided to enable external stakeholders to understand Ballard's expectations as at 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 or release any revisions to them, other than as required under applicable legislation.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard--hdf-energy-announce-worlds-first-multi-megawatt-scale-baseload-hydrogen-power-plant-301394990.html
SOURCE Ballard Power Systems Inc.
FAQ
What is the significance of the CEOG Power Plant for Ballard Power Systems (BLDP)?
When is the CEOG Power Plant expected to be completed?
How much is the investment for the CEOG project by Ballard Power Systems?
How does the CEOG Power Plant impact the environment?
Who are the partners involved in the CEOG Power Plant project?
