VANCOUVER, BC, Nov. 4, 2021
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP)
today announced orders for a total of 40 FCmoveTM-HD
(70kW) modules for planned deployment in hydrogen fuel cell
electric buses ("FCEB") across Europe in 2022.
These FCEBs are being deployed in France, Germany, and the UK.
Rouen, France is deploying
their first fleet of zero-emission FCEBs powered by Ballard fuel
cell technology, and Pau, France
is expanding their existing Ballard powered FCEB fleet. There are
now four French cities with Ballard fuel cell buses in service or
development.
The area of Frankfurt, Germany
is also expanding the number of zero-emission FCEBs powered by
Ballard fuel cell technology. There are now six German cities with
Ballard fuel cell buses in service or development, an increase of
three cities since last year.
Brighton, England is the first
UK municipality of its kind to have a publicly stated zero
emissions goal by 2030, for its fleet of nearly 500 buses.
Brighton's initial order of 20
FCEBs is the first phase of FCEB development, with supportive
funding from the JIVE program and the UK's Ultra Low Emission Bus
Scheme.
Nearly 160 hydrogen FCEBs powered by Ballard are now in service
across Europe, an increase of over
80% since October 2020. There are
approximately 150 fuel cell modules currently on order with Ballard
to support the deployment of an additional 150 FCEBs in the
European market, inclusive of the announcement today.
"The hydrogen fuel cell bus market momentum continues to
accelerate throughout Europe. In
only twelve months, we have expanded from 10 into over 25 cities,
across 10 European countries," said Oben
Uluc, Ballard's Director, European Sales. "With orders in
hand to double the number of FCEBs driving passengers on European
city streets, we see an exciting forward step change in the
adoption of FCEBs. We see a strong growth ramp over the coming
decade as our bus OEM customers deliver Ballard-powered FCEBs to
transit operators planning to decarbonize their bus fleets."
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.
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SOURCE Ballard Power Systems Inc.