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Ballard Power Systems Announces Orders for 62 Hydrogen Fuel Cell Engines to Power Solaris Buses in Europe
Friday, November 10, 2023Company Profile | Follow Company
Burnaby, BC, November 10, 2023--(T-Net)--Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) today announced multiple purchase orders totaling 62 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer deploying hydrogen-powered city buses across the continent.
Ballard expects delivery of the majority of the fuel cell engines to occur in 2024.
The hydrogen fuel cell engines will power buses in Germany and Poland.
The number of engines ordered by Solaris year-to-date is now close to 350, representing substantial growth over the more than 140 fuel cell city buses that Solaris has deployed with customers in Europe to date.
David Mucciacciaro, Senior Vice President and Chief Commercial Officer, Ballard Power Systems Inc.
"The impressive order activity from Solaris give us confidence in our expectations that the current momentum in our bus vertical will continue into 2024," said David Mucciacciaro, Ballard Chief Commercial Officer. "The commercial traction of hydrogen-powered fuel cell buses in Europe proves the market increasingly understands fuel cell bus advantages including range, refueling time, similar operating practices as diesel, and scalable infrastructure."
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.
Forward-looking statements This release contains forward-looking statements concerning the development and delivery of fuel cell products, and the benefits and anticipated market adoption of them. 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. [ MORE ] |
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