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.
On June 25, 2020, the California Air Resources Board (CARB) established the Advanced Clean Truck Regulation, mandating a transition to zero-emission trucks by 2045. Ballard Power Systems (NASDAQ: BLDP) supports this initiative, highlighting the regulation's potential to significantly reduce pollution from trucks, which are responsible for 70% of California's smog. The regulation requires increasing percentages of sales for zero-emission trucks starting in 2024, with Ballard emphasizing the advantages of hydrogen fuel cells for commercial trucks. The global market for fuel cell engines in commercial trucks is estimated at over $120 billion annually.
Ballard Power Systems (NASDAQ: BLDP) has secured follow-on orders for 15 of its 85-kilowatt FCveloCity®-HD fuel cell modules from Wrightbus to power Fuel Cell Electric Buses (FCEBs) in the U.K. This brings the total orders from Wrightbus to 50 modules, with expectations to ship all in 2020. The U.K. government announced a £5 billion plan to enhance bus infrastructure and deploy at least 4,000 zero-emission buses. Ballard is part of the H2Bus Consortium, promoting zero-emission buses across Europe, aligning with the European Green Deal.