Ballard Power (NASDAQ: BLDP) wins Solaris deal for next-gen hydrogen buses
Rhea-AI Filing Summary
Ballard Power Systems filed a report describing a new step in its partnership with European bus maker Solaris Bus & Coach. Solaris has formally selected Ballard as the fuel cell supplier for its next-generation hydrogen bus platform, integrating Ballard's FCmove®-SC hydrogen fuel cell engine into the Solaris Generation 2 FCEV bus.
The sale of engines is incorporated into an update of the existing long-term service agreement, which is extended to 2029 to align with next-generation bus deliveries and newly adjusted commercial terms. Ballard highlights the FCmove®-SC engine's higher efficiency, extended durability, and simplified system architecture, aimed at lowering total cost of ownership for transit operators, especially on long-range, high-utilization routes.
Ballard notes that its fuel cells now power more than 2,200 buses worldwide, which have collectively logged over 300 million kilometers with 98% availability, supported by its Fleet Services offering.
Positive
- None.
Negative
- None.
Key Figures
Key Terms
FCmove®-SC technical
LTSA financial
total cost of ownership (TCO) financial
FCEV bus technical
forward-looking statements regulatory
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 000-53543
| Ballard
Power Systems Inc. ——————————————————————————————————— |
| (Translation of registrant’s name into English) |
| 9000
Glenlyon Parkway Burnaby, BC V5J 5J8 Canada |
| ——————————————————————————————————— (Address of principal executive office) |
| Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F |
SIGNATURES
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
| Ballard Power Systems Inc. | ||
| Date: May 5, 2026 | By: | /s/
Kate Igbalode |
| Name: | Kate Igbalode | |
| Title: | Chief Financial Officer | |
EXHIBIT INDEX
Exhibit No. |
Description | |
| 99.1 | News Release Dated May 5, 2026 - Solaris Selects Ballard's FCmove®-SC Engine to Power its Next-Generation Hydrogen Bus Platform |
Exhibit 99.1
Solaris Selects Ballard's FCmove®-SC Engine to Power its Next-Generation Hydrogen Bus Platform
VANCOUVER, BC, May 5, 2026 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer and long-standing Ballard partner, has formally selected Ballard as the fuel cell supplier for its next-generation hydrogen bus.
This selection includes the integration of Ballard's FCmove®-SC hydrogen fuel cell engine, Ballard's newest high-efficiency platform launched in late 2025, into the Solaris Generation 2 FCEV bus. The sale of engines has been incorporated into an update of the existing LTSA, extending it to 2029, to match with next-gen bus delivery while also strategically aligning commercial terms.
The FCmove®-SC engine delivers higher efficiency, extended durability, and a simplified system architecture designed to reduce total cost of ownership (TCO) for transit operators. These improvements are particularly impactful for long-range, high-utilization duty cycles where hydrogen fuel cell buses offer operational advantages over battery-electric alternatives.
"Solaris' selection of Ballard for its next-generation hydrogen bus platform marks a significant milestone for the continued evolution of our FCmove®-SC engine," said Marty Neese, Ballard's CEO and President. "Our long-standing collaboration with Solaris has been built on trust, technical excellence, and a shared commitment to zero-emission mobility. With this selection, supported by newly adjusted commercial terms that strengthen long-term alignment, Solaris reinforces its confidence in Ballard's ability to deliver performance, reliability, and lifecycle value at scale. The FCmove®-SC is purpose-built for Europe's mature bus market, and OEM nominations like this validate the strength of our value proposition."
Today, Ballard-powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 300 million kilometers with 98% availability and zero reported safety incidents. Through Ballard Fleet Services, including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing, Ballard and its customers unlock additional value that strengthens fleet performance and supports long-term operational success.
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.
About Solaris
Solaris Bus & Coach, headquartered in Bolechowo, Poland, is a leading European manufacturer of city buses, trolleybuses, and zero-emission
vehicles. Founded in 1996 and part of Spain's CAF Group, Solaris is a leader of Europe's electric bus market and is recognized as a technology
leader in hydrogen mobility. The company has delivered more than 28,000 vehicles to operators across 33 countries. Solaris continues to
play a central role in Europe's transition to sustainable public transport.
This release contains forward-looking statements concerning anticipated agreements, product deliveries; and deployments; and anticipated product benefits, operational benefits, and value proposition for customers. 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, +1.604.453.3517 or investors@ballard.com
Mateusz Figaszewski - Director, Institutional Partnerships and External Relations - mateusz.figaszewski@solarisbus.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/solaris-selects-ballards-fcmovesc-engine-to-power-its-nextgeneration-hydrogen-bus-platform-302763399.html
SOURCE Ballard Power Systems Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/05/c6977.html
%CIK: 0001453015
CO: Ballard Power Systems Inc.
CNW 20:30e 05-MAY-26