VANCOUVER, BC and WINNIPEG, MB, Nov. 4, 2024
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP)
today announced a purchase order to supply 200 fuel cell engines to
New Flyer, a subsidiary of NFI Group Inc. ("NFI"; TSX: NFI, OTC:
NFYEF, TSX: NFI.DB; www.nfigroup.com), a leading independent bus
and coach manufacturer and a leader in electric mass mobility
solutions in North America and
Europe.
The order of 200 fuel cell engines, representing a total of
approximately 20 MW of power, is the second purchase order under
the long-term supply agreement announced in January 2024, and double the first purchase order
of 100 engines under this agreement. Delivery of the 200 engines is
planned for 2025 and will power New Flyer's next generation
Xcelsior CHARGE FC™ hydrogen fuel cell buses for deployment across
the US, including California,
Washington, Arizona, Nevada, and New
York.
"We are thrilled to strengthen our partnership with Ballard and bring cutting-edge zero-emission
fuel cell buses to the market," said David
White, Executive Vice President, Supply Management, NFI. "As
more transit operators transition to zero-emission fleets, they are
increasingly adopting fuel cell technology to meet their goals. We
are committed to supporting our customers through their journey to
sustainability."
"We are very excited by the continued partnership with New Flyer
and their growth in demand for fuel cell engines," said
David Mucciacciaro, Ballard's Chief Commercial Officer. "This
order demonstrates New Flyer's continued confidence in the
performance of Ballard's fuel cell
engines and the growing market interest in the value proposition of
hydrogen fuel cell buses, including long range, rapid refueling
times, performance in all weather conditions, and high
availability."
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.
This release contains forward-looking statements concerning
anticipated product deliveries, customer deployments, and customer
benefits and market adoption of our products. 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.
