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 Inc. (BLDP) generates regular news flow through operational updates, product launches, commercial orders and financial disclosures related to its PEM fuel cell business. The company reports on its activities in Heavy-Duty Mobility, Stationary Power, and Emerging and Other Markets, covering applications such as buses, commercial trucks, trains, marine vessels, stationary power systems, material handling and off-road uses.
Investors and industry followers can expect earnings releases and quarterly results that detail revenue from fuel cell products and services, gross margin performance, operating expenses, cash operating costs, adjusted EBITDA, cash and cash equivalents, and order backlog. These updates often highlight deliveries to bus and rail customers in North America and Europe, as well as developments in marine and stationary markets.
Ballard’s news also features product and technology announcements, including new modules in its FCmove® family for transit buses and the FCwave™ marine fuel cell engine. For example, the company has announced the FCmove®-SC, a new-generation transit fuel cell module designed for city buses, and has reported on orders for FCwave™ engines for deployment on vessels operated on European routes.
Additional coverage includes strategic and corporate updates such as leadership transitions, strategic realignment initiatives aimed at cost discipline and market focus, and changes to corporate service providers like transfer agents. Conference call announcements accompany major financial releases, providing details for live webcasts and replays.
This news page for BLDP aggregates these disclosures so readers can follow Ballard’s financial performance, commercial progress in heavy-duty mobility and marine projects, product evolution in PEM fuel cells, and key corporate developments over time.
Ballard Power Systems (NASDAQ: BLDP) has received follow-on orders from Wrightbus for 50 fuel cell modules to power Fuel Cell Electric Buses (FCEBs) in various U.K. cities. This order is an addition to a previous order of 50 modules shipped in 2020. The JIVE program partially funds these buses, with 120 currently in operation across Europe. Ballard is supplying fuel cell modules for over 85% of the JIVE program's FCEBs, demonstrating its strong market position. The Chief Commercial Operator emphasized the growth potential in the FCEB market and the advantages of fuel cell technology.
Ballard Power Systems (NASDAQ: BLDP) has successfully completed a bought deal offering, raising US$550.19 million by selling 14,870,000 common shares at US$37.00 each. An additional 2,230,500 shares may be purchased by underwriters for over-allotments, potentially bringing in US$82.53 million more. This offering is intended to support Ballard's mission of delivering sustainable fuel cell power for various mobility applications. The common shares are offered through a short form prospectus in Canada (excluding Quebec) and under a registration statement in the U.S.
Ballard Power Systems (NASDAQ: BLDP) has signed a non-binding Memorandum of Understanding (MOU) with Chart Industries for the joint development of integrated hydrogen solutions for heavy-duty transport. This collaboration aims to enhance the adoption of liquid hydrogen fuel systems, focusing on applications like buses and trucks. Ballard will contribute its PEM fuel cell technology, while Chart will provide expertise in liquid hydrogen storage and fueling systems. This partnership aims to deliver cost-effective and efficient solutions as the industry transitions to cleaner energy.
Ballard Power Systems (NASDAQ: BLDP) has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures (ASX: GEV) for the development of the C-H2 Ship, a fuel cell-powered vessel designed to transport compressed green hydrogen. The small-scale demonstration will require under 10 MW, scaling up to approximately 26 MW at full capacity, with a storage system for 2,000 tons of hydrogen. Ballard will design the fuel cell system using its FCwave technology while GEV will manage the ship's design and operations. This collaboration emphasizes the role of hydrogen fuel cells in decarbonizing maritime transport.
Ballard Power Systems (NASDAQ: BLDP) will hold a conference call on March 11, 2021 at 8:00 AM PT to discuss its Q4 and full-year 2020 operating results. Investors can join the call by dialing +1-604-638-5340 or watching a live webcast on Ballard's website. The webcast will be archived in the Earnings, Interviews & Presentations section of the Investors area after the call. Ballard focuses on delivering zero-emission PEM fuel cells for various transportation applications, aiming for sustainability.
Ballard Power Systems (NASDAQ: BLDP) announced new orders from Solaris Bus & Coach for 10 FCmove™ fuel cell modules to power hydrogen buses in the Netherlands. The deployment, planned for 2021, aims to replace diesel buses and is part of a significant shift toward zero-emission vehicles. These Solaris Urbino 12 hydrogen buses will collectively travel over 1 million kilometers annually and feature advanced amenities. Funding is partially provided through Europe’s JIVE programs, supporting hydrogen commercialization. Ballard's technology promotes sustainable mobility and positions the company favorably in the growing zero-emissions market.
Ballard Power Systems (NASDAQ: BLDP) has received a purchase order from Arcola Energy for its FCmoveTM-HD fuel cell modules to be used in a hydrogen-powered passenger train, set for demonstration during COP26 in November 2021 in Glasgow. This initiative supports Scotland's goal for net-zero emissions by 2035 and showcases growing interest in fuel cells for heavy-duty transport. The project is backed by Scottish Enterprise and aims to create a deployment-ready hydrogen train with the support of leading industry partners.
Ballard Power Systems (NASDAQ: BLDP) announced the retirement of board member Ian Sutcliffe, effective immediately, citing personal reasons. Sutcliffe, a director since 2013, reflected on the company's progress during his tenure and expressed confidence in Ballard's potential for long-term growth in the hydrogen and fuel cell sector. Chairman Jim Roche acknowledged Sutcliffe's valuable contributions, noting his passion for the business will be missed. The company is well-positioned to capitalize on advancements in zero-emission PEM fuel cells for various mobility applications.
Ballard Power Systems (NASDAQ: BLDP) announced a purchase order for 10 fuel cell modules from Van Hool, aimed at powering A330 buses in Emmen, Netherlands. The modules will be delivered in 2021 for deployment under the JIVE2 program, with a hydrogen refueling station being developed by Shell. The A330 buses will operate with an annual consumption of 60-90 tons of green hydrogen, showcasing Ballard's commitment to zero-emission public transport. CEO Filip Van Hool expressed hopes for increased market integration of fuel cell technology across European cities.
Ballard Power Systems (BLDP) commends Canada's Federal Government for launching the Hydrogen Strategy for Canada, aimed at achieving carbon neutrality by 2050. This strategy positions hydrogen as a key element in decarbonizing sectors such as transit and freight transport, promoting zero-emission fuel cell technologies. Ballard anticipates significant business opportunities and job growth as it boosts its operations in the renewable energy sector. CEO Randy MacEwen highlights the vision of having up to 30% of Canada's energy from hydrogen by 2050, along with a nationwide hydrogen refueling network.