VANCOUVER, BC, July 27, 2021
/CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today
announced that it has received a purchase order for one of its
200-kilowatt (kW) FCwaveTM fuel cell modules from
Fusion-Fuel, an innovative green hydrogen solutions company
headquartered in Portugal
(www.fusion-fuel.eu; Nasdaq: HTOO), to be integrated into
Fusion-Fuel's H2Evora project in the Évora region of Portugal. The H2Evora project will use
Fusion-Fuel's new HEVO electrolyzer design to produce green
hydrogen that will power the FCwaveTM module for
generation of zero-emission electricity. Ballard plans to deliver
the FCwaveTM module to Fusion-Fuel this year.
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Fusion-Fuel's HEVO electrolyzer is small, lightweight, able to
be mass produced and can be combined with a high-efficiency solar
cell attached to a specially designed concentrated photovoltaic
(CPV) solar panel in order to leverage the sun's energy – both
electrical and thermal – for production of highly competitive
zero-emission green hydrogen. By attaching the HEVO electrolyzer
directly to the CPV solution, very high solar-to-electric
conversion is enabled, while also generating heat that improves
efficiency of the HEVO electrolyzer.
The H2Evora project will be Fusion-Fuel's first utility-scale
solar-to-hydrogen plant, ultimately consisting of 15 HEVO
electrolyzers producing close to 15 tons of green hydrogen
annually. A portion of this hydrogen will enable generation of over
240MWh of electricity from Ballard's
FCwaveTM module, which will be fed into
Portugal's grid during periods of
peak demand. The Project will permit evaluation of a number of use
cases, including: conversion of hydrogen into electrical energy
through a fuel cell; hydrogen blending in the natural gas network;
and compression and bottling of hydrogen for industrial
applications.
At the launch ceremony held today in Portugal, Mr. João Wahnon, Fusion-Fuel
Head of Business Development, said, "We have developed the HEVO as
a modular miniaturized electrolyzer that can support a range of
applications, from large-scale hydrogen generation to smaller-scale
onsite hydrogen production. Collaboration with Ballard Power
Systems is an exciting and strategic development, since the
combination Fusion Fuel's technology with Ballard's market-leading
PEM fuel cell system can provide an interesting off-grid power
solution."
Rob Campbell, Ballard's Chief
Commercial Officer noted, "Fusion-Fuel's H2Evora project is an
exciting step in the demonstration of sustainable electricity
generation at competitive cost. We are excited to be working with
such an innovative company in the clean energy frontier and intend
to jointly pursue opportunities for customers seeking to
decarbonize their business in an affordable and efficient way."
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
market developments, anticipated product performance and other
characteristics. 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.