Ballard Power Systems Inc. develops and supplies zero-emission proton exchange membrane fuel cell products for heavy-duty mobility and stationary power applications. Company news commonly covers FCmove fuel cell engines, including FCmove-HD+ and FCmove-SC platforms used in hydrogen buses, as well as customer agreements with bus manufacturers and fleet technology partners.
Recurring updates also include consolidated IFRS financial results, order activity, cost-reduction and margin initiatives, product maturity, manufacturing and supply-chain leadership, and conference-call announcements. Ballard's commercial focus spans buses, commercial trucks, trains, marine vessels, material handling, off-road applications and stationary power.
Ballard Power Systems (BLDP) has launched HPU Agile-H, a towable hydrogen power unit delivering 80kW of continuous power. Designed by GeoPura and manufactured by Siemens Energy, the unit combines a Ballard fuel cell with battery storage. Pre-orders are open across the UK, Europe and North America, with deliveries scheduled for Q1 2027.
The launch follows Ballard's recent acquisition of GeoPura. The unit targets lower-load, short-term and remote applications, including construction, events, broadcasting and emergency power. Ballard says it can be towed by a suitable SUV or large panel van and deployed by one technician in under 20 minutes. Multiple units can operate together for larger power requirements. Electricity generation produces no carbon dioxide, nitrogen oxides or particulate emissions at the point of use.
Ballard Power Systems (BLDP) outlined financial targets at its Ballard Forum, including adjusted EBITDA profitability by the end of 2027. The company targets full-year adjusted EBITDA profitability throughout 2028 and 30% compound annual revenue growth over the next two fiscal years, with gross margins exceeding 20% in 2027 and greater than 25% by 2028. Adjusted EBITDA is an adjusted earnings measure before interest, taxes, depreciation and amortization.
Ballard has expanded its business model to add Energy-as-a-Service alongside equipment sales and services. It plans $80 million to $120 million in capital expenditures to expand its Hydrogen Power Unit fleet, with flexibility in investment pace. Ballard expects asset-backed financing at greater than 80% loan to value to fund the investment and operating cash use to decrease as revenue and margins grow.
Ballard Power Systems (BLDP) reported hydrogen-powered event deployments by GeoPura, the UK-based hydrogen power provider it recently acquired.
GeoPura supplied power at Boomtown, Edinburgh Summer Sessions, the Solheim Cup in the Netherlands and the Genesis Scottish Open. Its managed service combines equipment, hydrogen supply, transport, on-site storage and operational support. Ballard plans to build on GeoPura's UK operations to expand into the US, Canada and other international markets, with selective expansion across Europe and North America. Target applications extend beyond events and screen production to construction, grid support and critical power.
Ballard Power Systems (BLDP) will hold its third-quarter 2026 operating results conference call on November 16, 2026. The call is scheduled for 8:00 a.m. Pacific Time (10:00 a.m. Eastern Time), with telephone access and a live webcast through Ballard's website. A webcast link will be available in the website's Investor Hub after the call.
Ballard Power Systems (BLDP) secured a 4.8 MW fuel cell module order from Siemens Mobility for hydrogen passenger trains in Romania. The order comprises 24 FCrail modules rated at 200 kW each, expected to power 12 Mireo Plus H trains for Romania's Railway Reform Authority.
Ballard expects fuel cell engine deliveries in 2027 and 2028, with the fleet expected to enter passenger service in 2029. The order builds on a multi-year supply commitment established with Siemens Mobility in 2022. The trains will constitute Romania's first hydrogen-powered fleet and the Mireo Plus H platform's first deployment outside Germany.
Ballard Power Systems (BLDP) is launching Fleet360, a fuel cell lifecycle service program for new FCmove-HD+ module sales in North America.
Introduced at APTA TRANSform & EXPO 2026 in Chicago, the program combines monitoring, technical support, parts coverage, training and refurbishment options. Its FCcare+ package guarantees module power output for up to 250,000 miles of fuel cell operation; guarantees and service commitments depend on the selected package and agreement.
Ballard also completed its acquisition of GeoPura weeks before the exhibition, adding capabilities in hydrogen production, logistics, refueling and integrated Energy-as-a-Service solutions.
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) has closed its acquisition of UK-based GeoPura, a provider of zero-emission, hydrogen-based power solutions. The combined business integrates Ballard's fuel cell technology and global scale with GeoPura's Hydrogen Power Units (HPU), green hydrogen production, logistics fleet and Energy-as-a-Service (EaaS) model, positioning Ballard as an integrated hydrogen energy solutions provider.
Total upfront consideration is £275.0 million, comprising £82.5 million in cash, 49,584,212 newly issued Ballard common shares and restricted share units to be settled in 12 months for an additional 1,084,540 shares. Former GeoPura shareholders now hold about 14.1% of Ballard's outstanding shares and may receive up to £27.5 million in contingent consideration if specified financial milestones are achieved. GeoPura founder Andrew Cunningham becomes President of Ballard and joins its Board, along with former GeoPura Chairman Lord Richard Harrington.
Ballard Power Systems (NASDAQ: BLDP) reported Q2 2026 revenue of $20.6 million, up 15% year-over-year, with gross margin improving to 20% from -8%. Bus revenue rose 9% to $9.7 million, stationary 230% to $1.8 million, and other markets 290% to $5.1 million, while rail declined 43% to $4.1 million.
Ballard signed a definitive agreement to acquire GeoPura for £275 million in upfront consideration, subject to customary conditions and regulatory approvals, with closing expected later in 2026. Order intake of $64.4 million lifted order backlog to $156.6 million, up 38.8% from end-Q1, and the 12‑month orderbook to $74.4 million.
Total operating expenses fell 34% to $20.9 million, Adjusted EBITDA improved to ($9.8) million from ($30.6) million, and net loss from continuing operations narrowed to ($20.3) million. Cash used in operating activities was $11.4 million, leaving $502.1 million in cash and equivalents.
Ballard Power Systems (NASDAQ: BLDP) will hold a conference call on Friday, July 31, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review its second quarter 2026 operating results.
Investors can access the live call via toll-free phone or a webcast link on Ballard's website, with a replay link available afterward in the Investor Hub section.
Ballard (NASDAQ: BLDP) agreed to acquire UK-based GeoPura, a hydrogen-based stationary power provider, for £275 million upfront plus up to £27.5 million contingent consideration. Payment includes £82.5 million in cash and ~50.8 million new shares, implying a £301.1 million enterprise value.
The deal expands Ballard into an integrated energy-as-a-service hydrogen ecosystem with production, logistics, refueling, fuel cells and stationary power. GeoPura expects £38 million revenue in 2026, and Ballard targets about US$25 million run‑rate EBITDA synergies while maintaining its 2028 profitability goal. Closing is targeted for 2H 2026.