Welcome to our dedicated page for Ballard Power news (Ticker: BLDP), a resource for investors and traders seeking the latest updates and insights on Ballard Power stock.
Ballard Power Systems (NASDAQ: BLDP) delivers innovative proton exchange membrane fuel cell solutions for heavy-duty transportation and stationary power markets worldwide. This dedicated news hub provides investors and industry professionals with essential updates on BLDP's technological advancements, strategic partnerships, and market developments.
Access real-time press releases covering product launches, financial results, and supply agreements with global OEMs. Our curated collection includes updates on fuel cell deployments in buses, trucks, marine applications, and stationary power systems - all critical to understanding BLDP's position in the hydrogen economy.
Key content categories include earnings announcements, technology innovations, manufacturing expansions, and regulatory developments impacting clean energy markets. Bookmark this page for streamlined access to BLDP's official communications and third-party analysis of its PEM fuel cell leadership.
Ballard Power Systems (NASDAQ: BLDP) reported Q1 2021 financial results, revealing revenue of $17.6 million, a 26% decline year-over-year. The company maintains strong cash reserves of $1.27 billion, reflecting a 600% increase from Q1 2020. Despite lower sales in heavy-duty motive applications, Ballard sees growth potential through strategic collaborations in various sectors including bus and truck markets. However, gross margin declined to 15%, and net loss reached $17.8 million, a 36% increase compared to last year.
Ballard Power Systems (NASDAQ: BLDP) and Linamar have formed a strategic alliance to co-develop and sell fuel cell powertrains and components for class 1 and 2 vehicles, targeting markets in North America and Europe. The partnership aims to develop a fuel cell powertrain solution, leveraging Ballard's fuel cell technology and Linamar's manufacturing capabilities. This collaboration is positioned to address increasing demand for zero-emission vehicles, particularly those with long duty cycles and rapid refueling needs. The potential formation of a joint venture following testing is also highlighted.
Ballard Power Systems (NASDAQ: BLDP) announced its membership in the Hydra Consortium, aimed at decarbonizing the mining sector by replacing diesel with renewable hydrogen for heavy-duty mobile equipment. The Consortium, which includes Mining3 and ENGIE, will focus on developing a hydrogen fuel cell-powered powertrain, testing a 200-kilowatt prototype. The project has support from Chile's CORFO and industry players, including Mitsui & Co. and Thiess. The initiative addresses emissions reduction targets in mining, offering zero-emission solutions with significant market potential.
Ballard Power Systems (NASDAQ: BLDP) announced plans to provide fuel cell modules to Sierra Northern Railway for a zero-emission switching locomotive. The project is partially funded by a $4 million award from the California Energy Commission, with a purchase order expected by mid-2021. Ballard's 200-kilowatt FCmove®-HD modules will be delivered by 2022, aiming to replace diesel locomotives and enhance air quality. The initiative could reduce diesel use by over 12 million gallons annually, promoting zero-emission technologies in California's rail industry.
Ballard Power Systems (NASDAQ: BLDP) will host a conference call on May 4, 2021, at 8:00 a.m. PT to discuss Q1 2021 operating results. Interested parties can join the call by dialing +1-604-638-5340 or via a live webcast on their website. The event will be archived in the 'Earnings, Interviews & Presentations' section post-call. Ballard aims to provide zero-emission PEM fuel cells for various mobility applications, promoting a sustainable planet.
Ballard Power Systems (NASDAQ: BLDP) announced the filing of a final short form base shelf prospectus, allowing it to offer securities up to an aggregate initial offering price of US$1.5 billion over 25 months, effective until April 2023. The prospectus has been filed across Canada and a corresponding shelf registration statement with the US SEC. These filings provide the Company flexibility for future capital raises, although sales cannot occur until the registration statement becomes effective.
Ballard Power Systems (NASDAQ: BLDP) announced the filing of a preliminary short form base shelf prospectus allowing for securities offerings over the next 25 months. This will enable offerings up to US$1.5 billion until April 2023. The prospectus has been filed across Canada and a corresponding registration statement with the U.S. SEC. The final prospectus is expected in April 2021, replacing the June 2020 shelf prospectus.
Ballard Power Systems (NASDAQ: BLDP) announced that its proton exchange membrane (PEM) fuel cells have powered Fuel Cell Electric Vehicles (FCEVs) for over 75 million kilometers, primarily in China. This milestone highlights Ballard's leadership in zero-emission technologies for Heavy- and Medium-Duty applications, including buses and trucks. The company's experience contributes to reliable, durable products, with 80% of the distance achieved in China and extensive field operations proving their long-term performance. The total market for zero-emission modules is projected to exceed $130 billion annually.
Ballard Power Systems (NASDAQ: BLDP) announced its FCmove® fuel cell module is powering New Zealand's first Fuel Cell Electric Bus (FCEB), built by Global Bus Ventures. This FCEB, tested in Rolleston, is set for deployment with Auckland Transport later this month. New Zealand aims for net zero emissions by 2050, supporting projects like this bus. Both companies emphasize the importance of fuel cells in heavy-duty applications, highlighting Ballard's expertise in the sector.
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