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.
Element 1 Corp has partnered with Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) to advance sustainable hydrogen energy solutions. Their collaboration successfully linked Ballard’s FCwave™ 200-kW fuel cell module with Element 1’s M/L18 hydrogen generator, producing 235 kg of high-purity hydrogen daily at a pressure range of 0.7 to 2.2 barg. This outcome, achieved through software modifications, allows the FCwave™ to function without hardware changes. Element 1’s generator uses a methanol-water mix, lowering hydrogen production costs and eliminating the need for compressed or liquid hydrogen infrastructure. This innovation promises operational cost savings and reduced carbon intensity if renewable methanol is used.
Ballard Power Systems (NASDAQ: BLDP) has introduced its 9th generation fuel cell engine, the FCmove®-XD, at the ACT Expo 2024 in Las Vegas. The new engine boasts the highest volumetric power density in the industry, with significant improvements in reliability, efficiency, and cost-effectiveness. The scalable 120 kW engine can deliver up to 360 kW of power with a design life exceeding 30,000 hours, making it ideal for heavy-duty applications. Key features include a 33% reduction in parts count, over 60% system efficiency, a wide operating temperature range, and compliance with safety standards. Initial manufacturing will take place in Oregon, with high-volume production planned for Texas.
Ballard Power Systems reported solid Q1 2024 results with $64.5 million in new orders, a 38% increase in the Order Backlog, and revenue growth of 9%. The company announced non-dilutive funding of $94 million for their Rockwall Gigafactory and ended the quarter with $720.7 million in cash and cash equivalents. Despite a net loss from continuing operations, Ballard is optimistic about growth in 2025.
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