Exhibit 99.1

Ballard launches HPU Agile-H: 80kW of clean power
in a lightweight, towable unit
Designed by GeoPura, manufactured by Siemens Energy
and powered by a Ballard fuel cell, HPU Agile-H is available to pre-order now for delivery in Q1 2027 HPU Agile-H

Ballard Agile-H
VANCOUVER, BC and NEWCASTLE, United Kingdom, Oct.
28, 2026 /CNW/ -- Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), through its recent acquisition, GeoPura, has launched the HPU Agile-H,
a lightweight, towable Hydrogen Power Unit (HPU) developed in response to customer demand for smaller, more flexible clean power. Available
for sale across the UK, Europe and North America, it provides a mobile alternative to diesel generation for lower loads, short-term projects,
remote locations and operations with limited access to the grid.
Alongside strong demand for multi-megawatt hydrogen
power for data centres, grid augmentation and critical industrial operations, customers are seeking smaller, mobile units for lower loads
and shorter-term applications. HPU Agile-H addresses this growing need, expanding Ballard's established hydrogen power range.
HPU Agile-H combines a Ballard hydrogen fuel cell
with integrated battery storage to deliver 80kW of continuous power. The battery responds instantly to changing demand, providing the
stable, reliable electricity needed for applications ranging from construction sites to live broadcasting.
Built on years of operational experience, the unit
brings proven hydrogen power technology into a compact format that customers can own and move between locations. It can be towed by a
suitable SUV or large panel van and deployed by one technician in under 20 minutes. Multiple units can also work together to meet larger
power requirements.
Ballard provides the green hydrogen to fuel its generators
through its growing production facilities and network of hydrogen storage and delivery assets. The company also remotely monitors and
controls the units, supporting reliable operation and giving customers a complete solution covering fuel supply, power generation and
ongoing operational support.
HPU Agile-H generates electricity without combustion,
producing no carbon dioxide, nitrogen oxides or particulate emissions at the point of use. Replacing diesel generators protects local
air quality for workers, production crews, artists and audiences, while quiet operation supports use in noise-sensitive locations.
Andrew Cunningham, President of Ballard, said:
"Hydrogen power needs to fit the way customers work. For some, that means supplying megawatts of electricity to a data centre. For
others, it means getting power to a temporary site quickly, then moving it on when the job is done.
"HPU Agile-H gives customers that flexibility,
with the reliability and responsiveness the job demands. It also removes diesel fumes and reduces noise, creating a better, safer working
environment for those nearby.
"We supply the hydrogen and provide the teams
to deploy and support the units, making the transition straightforward. Together with Ballard, we can bring that approach to more customers
and more markets."
HPU Agile-H supports construction, events, film and
TV, broadcasting, defence, emergency response and critical national infrastructure. Applications include powering site compounds, welfare
cabins, lighting and equipment; supporting EV charging; supplying event and broadcast infrastructure and providing emergency power.
Designed for demanding environments, HPU Agile-H combines
built-in safety systems with remote monitoring and control, giving customers confidence in their power supply wherever they operate.
The launch follows GeoPura's recent acquisition by
Ballard, bringing together GeoPura's hydrogen production, logistics and power delivery capabilities with Ballard's fuel cell expertise
and international reach. HPU Agile-H broadens the combined business's range, supporting customers with power requirements from 50kW to
50MW across the UK, Europe and North America.
Pre-orders for HPU Agile-H are open now, with deliveries
scheduled for Q1 2027. To discuss your power requirements, request pricing or place a pre-order, visit www.geopura.com.
About Ballard
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is
a global leader in zero-emission hydrogen energy solutions and an integrated Energy-as-a-Service (EaaS) provider. Together, with its wholly
owned subsidiary, GeoPura Ltd., Ballard delivers turnkey, vertically integrated hydrogen ecosystem solutions spanning hydrogen production,
logistics, refuelling, zero-emission fuel cell engines, and stationary Hydrogen Power Units.
Ballard powers critical off-grid, stationary applications
- including construction, events, film sets, healthcare, defense, temporary power infrastructure, and supplies fuel cell engines for heavy-duty
mobility applications such as bus, rail, and marine. With an EaaS model, combined with cutting-edge technology across the hydrogen value
chain, Ballard decarbonizes mission-critical operations worldwide. To learn more about Ballard, visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product and service attributes, product deliveries, and deployments. These forward-looking statements reflect Ballard's current
expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations
regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that
may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance
on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these
and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form.
Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release
any revisions to these forward-looking statements, other than as required under applicable legislation.
Further Information
Sumit Kundu – Investor Relations, +1.604.360.9714
or investors@ballard.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-launches-hpu-agile-h-80kw-of-clean-power-in-a-lightweight-towable-unit-302921736.html
SOURCE Ballard Power Systems Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2026/28/c6153.html
%CIK: 0001453015
CO: Ballard Power Systems Inc.
CNW 07:30e 28-OCT-26