VANCOUVER, BC, March 18, 2021 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) today announced that the Company's
proton exchange membrane (PEM) fuel cell technology and products
have now powered Fuel Cell Electric Vehicles – or FCEVs – in
commercial Heavy- and Medium-Duty Motive applications for an
industry-leading cumulative total of more than 75 million
kilometers on roads around the globe.
Ballard PEM fuel cell technology and products – with the
8th generation power module launched in 2019 – have been
integrated for many years into FCEVs to provide zero-emission power
for vehicle propulsion in over 20 countries around the world. This
includes more than 3,400 fuel cell electric buses and commercial
trucks. Approximately 80% of the more than 75 million kilometers
has been achieved in FCEVs deployed in China, with the remaining vehicles deployed in
Europe and North America.
Dr. Kevin Colbow, Ballard CTO
said, "Ballard has industry-leading field experience in powering
commercial vehicles, as evidenced by this 75-million-kilometer
milestone. Our technology innovation and product programs have
benefited immeasurably from these important on-road applications,
through which Ballard products experience the full range of vehicle
payloads, duty cycles, road conditions, and weather. The results
include unparalleled reliability, durability and performance.
Ballard is well-positioned to address Heavy- and Medium-Duty Motive
applications, including bus, truck, train and marine, just as the
global commitment to zero-emission mobility is accelerating. To
date, almost 50 countries have launched carbon pricing initiatives,
75 countries have net zero carbon emission targets, and 32
countries – representing over 70% of global GDP – have announced
hydrogen roadmaps. Moreover, the total addressable market for
zero-emission modules to power commercial vehicles exceeds
$130 billion annually."
Ballard's unmatched field experience has been leveraged through
an effective feedback loop into the company's product design and
development efforts, resulting in the fuel cell industry's highest
performance products designed for Heavy- and Medium-Duty Motive
applications. Some of the FCEVs have operated over 8-years in the
field, exceeded 38,000 hours of revenue service with no major fuel
cell stack maintenance requirements.
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, passenger cars and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics, 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.
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SOURCE Ballard Power Systems Inc.