Ballard Introduces Fuel Cell Industry's First Commercial Zero-Emission Module to Power Ships
Denmark, Sept. 8, 2020 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the launch of the fuel cell industry’s first module designed for primary propulsion power in marine vessels. Ballard’s FCwaveTM fuel cell product is a 200-kilowatt (kW) modular unit that can be scaled in series up to the multi-megawatt (MW) power level.
Rob Campbell, Ballard Chief Commercial Officer said, “Ballard is focused on Heavy- and Medium-Duty Motive applications, particularly where requirements include heavy payload, extended range and rapid refueling. This is a sweet spot for our fuel cell value proposition, which is backed up by more than 50 million kilometers of operational experience in thousands of vehicles. These same requirements underpin use cases in the maritime industry, resulting in a significant addressable market opportunity that can be effectively addressed by our new FCwaveTM product. Global efforts to decarbonize include commercial maritime activities, where Ballard intends to build on our leading position in zero-emission fuel cell solutions.”
Denmark facility this year. Our Marine Center of Excellence will focus on engineering, manufacturing and servicing the developing marine market with our FCwaveTM product.”
Sign up for the event and join us live as we introduce the latest in zero-emission propulsion for marine vessels.” data-reactid=”44″>Ballard will be showcasing the FCwave™ fuel cell module during an online event, taking place on September 10th at 15:00 CET. Sign up for the event and join us live as we introduce the latest in zero-emission propulsion for marine vessels.
www.ballard.com.” data-reactid=”45″>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, forklift trucks and UAVs. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated market developments, performance benefits and demand for our products, and anticipated revenue growth. 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.
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SOURCE Ballard Power Systems Inc.
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