|From: kidl||9/16/2019 9:02:19 AM|
|Ballard to be Included in S&P/TSX Composite Index, Effective September 23 PR Newswire|
VANCOUVER and TORONTO, Sept. 16, 2019
VANCOUVER and TORONTO, Sept. 16, 2019 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that, effective September 23, 2019, the Company will be included in the S&P/TSX Composite Index (https://c212.net/c/link/?t=0&l=en&o=2581493-1&h=2580429843&u=https%3A%2F%2Fweb.tmxmoney.com%2F&a=https%3A%2F%2Fweb.tmxmoney.com). Approximately 240 of the 1,500 companies listed on the TSX are included in the S&P/TSX Composite Index.
Randy MacEwen, Ballard President and CEO noted, "Inclusion in this benchmark Canadian index is a very significant event in the evolution and growth of Ballard's business. This coincides with the heightened importance of zero-emission mobility globally, which has resulted in Ballard's fuel cell products gaining traction as a power source across a range of mobility applications. These applications include buses, commercial trucks, trains, ships, cars as well as unmanned aerial vehicles."
Inclusion in the S&P/TSX Composite Index can be expected to positively impact index fund purchases of Ballard shares and may increase the Company's visibility and liquidity within the Canadian market.
The S&P/TSX Composite Index closed today at 16,682.42, up 16.2% year-to-date, on an aggregate volume of 221.9 million shares.
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|From: kidl||12/4/2019 9:12:41 AM|
|Ballard Announces Order From Van Hool For 20 Fuel Cell Modules to Power Buses in Holland Canada NewsWire|
VANCOUVER, Dec. 4, 2019
Reflects continued European momentum in fuel cells for heavy duty transportation applications VANCOUVER, Dec. 4, 2019 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced a purchase order from Van Hool (https://c212.net/c/link/?t=0&l=en&o=2660645-1&h=2515366067&u=https%3A%2F%2Fwww.vanhool.be%2Fen%2F&a=https%3A%2F%2Fwww.vanhool.be%2Fen%2F), a leading bus OEM and Ballard partner headquartered in Belgium, for 20 FCveloCity®-HD 85-kilowatt (kW) fuel cell modules to power buses in Groningen, the Netherlands, under the JIVE2 funding program.
Ballard plans to deliver the 20 FCveloCity®-HD 85kW modules in 2020. These will power 20 Van Hool A330 model Fuel Cell Electric Buses (FCEBs) that are planned for deployment with Qbuzz, the transit agency for the city of Groningen, by the end of next year. Shell has been contracted to build a hydrogen refueling station at the Peizerweg bus depot in Groningen to support this fleet of FCEBs, with each bus having a range of 350-to-400 kilometers (220-to-250 miles) between refuelings.
Rob Campbell, Ballard's Chief Commercial Officer said, "We are delighted to provide fuel cell power modules to Van Hool, a long-standing Ballard partner in Europe, as an important sign of continued progress in the deployment of zero-emission buses under the JIVE2 program. These new Fuel Cell Electric Buses for Groningen represent another vote of confidence in Ballard's fuel cell technology and products. This is a follow-on order for modules, after the deployment of two Ballard-powered Van Hool buses with Qbuzz in 2017."
Fleur Gräper-van Kookwijk, Regional Minister for the Province of Groningen and Chairwoman of the Public Transport Authority OV-bureau added, "Hydrogen is no longer an experimental fuel, but has become a serious zero-emission drivetrain used in everyday public transportation. We are proud to implement hydrogen at this scale in the north of the Netherlands and to be a frontrunner in the Netherlands and Europe."
Ballard fuel cell modules have demonstrated unmatched on-road performance in fuel cell buses, including earlier generation modules operating in some European buses for more than 35,000 hours with only minimal fuel cell maintenance required.
Europe's JIVE (Joint Initiative For Hydrogen Vehicles Across Europe) funding programs are intended to pave the way to commercialization of fuel cell electric buses by coordinating procurement activities to unlock economies-of-scale and reduce costs as well as supporting new hydrogen refueling stations. Results of the JIVE programs are expected to demonstrate the technical readiness of FCEBs to bus operators and the economic viability of hydrogen as a zero-emission bus fuel to policy makers. The JIVE programs are supported by a total of €57 million in grants from the Fuel Cells and Hydrogen Joint Undertaking (FCH JU).
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|From: kidl||12/16/2019 9:10:12 AM|
|Ballard Receives $19.2M Order from Weichai-Ballard JV for MEAs to Power Fuel Cell Electric Vehicles in China PR Newswire|
VANCOUVER, Dec. 16, 2019
VANCOUVER, Dec. 16, 2019 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced receipt of a purchase order from Weichai Ballard Hy-Energy Technologies Co., Ltd. ("Weichai-Ballard JV") for Membrane Electrode Assemblies (MEAs) valued at $19.2 million, to be delivered in 2020 under a long-term MEA supply agreement.
Weichai Power Co., Ltd. ("Weichai Power"; c212.net is an investor in, and strategic partner with, Ballard. Under terms of a strategic collaboration between the companies that closed on November 13th, 2018, Weichai Power holds a 51% ownership position and Ballard holds a 49% ownership position in the Weichai-Ballard JV. The Weichai-Ballard JV production facility, located in Shandong Province, China, is expected to be commissioned and operational in the first half of 2020.
Once operational, the Weichai-Ballard JV production facility will begin the manufacture of next-generation LCS fuel cell stacks and LCS-based modules to power Fuel Cell Electric Vehicles (FCEVs) for the China market. The Weichai-Ballard JV is expected to have initial production capacity of 20,000 fuel cell stacks, or 10,000 modules, based on a two-shift operation.
Randy MacEwen, Ballard President and CEO said, "We have a simple shared vision with Weichai Power for our Weichai-Ballard JV – to create the leading fuel cell stack and module technology and manufacturing operation in China for buses, commercial trucks and forklifts. We are making measured progress on this vision. In 2019, together with Weichai, we staffed up the JV, co-developed fuel cell products for the China market, substantially completed construction of the JV manufacturing facility, progressed on our manufacturing equipment, processes and automation, initiated localization of the supply chain, and supported initial vehicle testing."
The MEA purchase order announced today, together with a fully operational fuel cell module factory, are expected to enable large-scale manufacturing of fuel cell products by the Weichai-Ballard JV in 2020.
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|From: kidl||1/8/2020 9:01:56 AM|
|Deloitte-Ballard Joint White Paper Assesses Hydrogen & Fuel Cell Solutions for Transportation PR Newswire|
VANCOUVER, LAS VEGAS, and SHANGHAI, Jan. 8, 2020
Fuel Cell Electric Vehicles projected to be less expensive to run than battery electric and internal combustion engine vehicles within 10-years VANCOUVER, LAS VEGAS, and SHANGHAI, Jan. 8, 2020 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) and Deloitte China today announced the release of a joint white paper entitled "Fueling the Future of Mobility: Hydrogen and fuel cell solutions for transportation" at the Consumer Technology Association's CES 2020 trade show being held in Las Vegas, Nevada. This white paper is the first volume in a series exploring how hydrogen is set to power the future of mobility. Click here to download the white paper.
Randy MacEwen, Ballard President and CEO said, "In less than 10 years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or an internal combustion engine (ICE) vehicle for certain commercial applications."
Although FCEVs are currently more expensive to run per 100 kilometers (km) than BEVs and ICE commercial vehicles, they are set to become much cheaper as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline and infrastructure develops. Indeed, the white paper conservatively estimates the Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next 10 years.
"We are excited to partner with Deloitte on this important initiative," added Mr. MacEwen. "We believe this white paper provides answers to the most pertinent questions from industry executives and laypeople alike, specifically regarding the economic viability of FCEVs and their environmental sustainability."
Adrian Xu, Deloitte China Financial Advisory Director said, "To many commercial operators, hydrogen seems to be a complex and expensive technology for the future. However, we have proven through our deep research and proprietary model that FCEVs will become cheaper to run than traditional ICE vehicles or BEVs very soon. Sophisticated commercial operators around the world are already investing in this technology to stay one step ahead of the competition."
Alan MacCharles, Deloitte China Financial Advisory Partner noted, "In China, where the TCO of BEVs is already close to that of ICE commercial vehicles, the total cost of owning an FCEV is expected to be lower than that for ICE commercial vehicles by 2027, and we estimate that the TCO of FCEVs will fall below that of BEVs a year later. The cost of running commercial FCEVs will decline as fuel cell system and hydrogen costs decrease by about 70 percent and 63 percent, respectively."
The white paper undertakes a comprehensive TCO analysis, applying a detailed and objective model to various heavy-duty motive transportation scenarios across different geographic settings: logistics trucks in Shanghai; drayage trucks in California; and transit buses in London. The white paper projects that FCEVs will be less expensive than BEVs and ICE vehicles in all these scenarios by 2027, without subsidies.
In addition to looking at the commercial viability of FCEVs, the white paper also reviews the progress and support from governments around the globe, such as China, the U.S., Japan, and EU. For example, in China during the 2019 Two Sessions – an annual gathering of the nation's political elites – hydrogen was mentioned in the government's work report for the first time, showing the country's commitment to developing the FCEV ecosystem.
China already leads the world in the application of some types of FCEVs, with the highest level of application of fuel cell light- and medium-duty trucks, and application of fuel cell buses exceeding that of the U.S. and equal to that of Europe, the report shows.
Chris Lin, Deloitte China Financial Advisory Director stated, "Through a focused dedication to renewable energy, China has become one of the world's largest hydrogen markets. China is now the largest producer of hydrogen as well as a world leader in the commercial development of FCEVs. In the past few years, China has devoted significant efforts to the hydrogen fuel cell vehicle industry, driving technology maturation and decreased hydrogen cost while also activating the application of hydrogen in various areas."
The white paper also provides a review of energy efficiency, hydrogen production, green gas and other environmental impacts related to fuel cell technology today and going forward, concluding that FCEVs are more attractive environmentally than BEVs and ICE vehicles from a number of perspectives, including production, operation and end-of-life. The white paper states: "From a lifetime emissions and environmental impact perspective, FCEVs are also cleaner than BEVs and ICE vehicles, with even more room for improvement as hydrogen production and delivery matures."
Mr. MacEwen further commented, "At Ballard, our growth strategy is premised on the transition of mobility from diesel and other ICE-based powertrains to zero-emission fuel cell electrification. We believe FCEVs will be the best solution – based on TCO economics, vehicle performance and environmental sustainability – for certain heavy- and medium-duty vehicle use cases. We are focused on bus, commercial truck, rail and marine. Here, we see market segments where vehicle duty cycles require long range, rapid refueling, heavy payload and route flexibility. Many of these use cases already use a 'return-to-base' refueling model, which lowers the barriers to the introduction of depot hydrogen refueling. These use cases also have disproportionately high emissions and have been considered as 'hard-to-abate' emission applications. We are excited about tackling a big problem with our world-leading and highly disruptive fuel cell technology."
Mr. MacEwen concluded, "Over the longer term we are also confident that the fuel cell value proposition will continue to strengthen for passenger cars. We believe the trends of decarbonization, connectivity, autonomy and shared mobility in urban environments will lead to demand for zero-emission passenger vehicles having high utilization rates. We expect these passenger cars, including urban shared mobility fleets, to favor zero-emission powertrain technologies that deliver long range and fast refueling."
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, forklift trucks and UAVs. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning anticipated deliveries and deployments of 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 the relative merits of fuel cell technology and the commercial viability of our products.
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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities. The Ballard Common Shares have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
View original content to download multimedia:http://www.prnewswire.com/news-releases/deloitte-ballard-joint-white-paper-assesses-hydrogen--fuel-cell-solutions-for-transportation-300983230.html
SOURCE Ballard Power Systems Inc.
|RecommendKeepReplyMark as Last ReadRead Replies (1)|
|To: kidl who wrote (5757)||1/9/2020 4:35:34 AM|
|From: nigel bates|
|The cost curve for BEVs looks a great deal shallower than is likely.|
Good to see the FCEV cost are likely to drop significantly, and they will probably find their own niche, but I think they severely underestimate the likely drop in battery costs.
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|From: kidl||1/14/2020 9:06:24 AM|
|Ballard Signs ESAs for Fuel Cell Stacks to Support Backup Power Systems at German Radio Towers |
VANCOUVER and HOBRO, Denmark, Jan. 14, 2020
VANCOUVER and HOBRO, Denmark, Jan. 14, 2020 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it has signed Equipment Sales Agreements (ESAs) for the provision of an initial 500 FCgen®-1020ACS fuel cell stacks to adKor GmbH ("adKor"; www.adkor.de/en/) and SFC Energy AG ("SFC Energy"; www.sfc.com/en/), to be integrated into adKor's Jupiter backup power systems for deployment at radio tower sites in Germany through the end of 2021.
Contracts have been awarded to adKor for the supply of fuel cell backup power systems to support an initial tranche of 500 radio tower sites in Germany – with the potential for a total of up to 1,500 radio tower sites – and adKor has sub-contracted a portion of the work to SFC Energy. As a result, adKor and SFC Energy have signed development partnership and licensing agreements, will share production activities for the supply of Jupiter systems and are developing product line extensions.
As production work is committed, adKor and SFC Energy each plan to place purchase orders with Ballard for 2.9 kilowatt FCgen®-1020ACS fuel cell stacks, with each Jupiter backup power system utilizing from 1-to-3 of these fuel cell stacks. German regulations require radio tower sites to have a minimum of 72 hours of backup power, to ensure radio communications for critical users in the event of a power blackout.
Oben Uluc, Ballard Sales Director for EMEA said, "We are very pleased to announce these agreements with adKor and SFC Energy for integration of our air-cooled fuel cell stacks into the Jupiter backup power system. The German government's decision to deploy fuel cell systems extensively for backup power at radio tower sites is a result of the technology's proven reliability and effectiveness in the field over the past number of years."
Hartmut Kordus, adKor Managing Director noted, "The fact that several federal states of Germany have opted for our hydrogen fuel cells to provide reliable emergency backup power to their critical infrastructures clearly proves the attractiveness of this environmentally friendly, innovative technology."
Peter Podesser, SFC Energy Chairman and CEO added, "Looking forward, there are plans to equip up to 1,500 radio tower sites all across Germany. This first nationwide programme demonstrates the increasing importance of hydrogen fuel cells as a valid and reliable alternative to conventional diesel generators to provide power to critical infrastructures. We see major potential for them as power and backup power sources also in many other industrial applications, for example rail and transport monitoring, data centers and transformer stations, and telecommunication equipment."
Fuel cell backup power systems offer a number of advantages over other emergency power solutions, including:
High reliability and availability; Low operational cost; Zero-emissions, low noise and low vibration; Operation in extreme climates; Ease of use; andCompact footprint.
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|From: kidl||1/16/2020 9:38:11 AM|
|Globe says scorching hot Ballard faces dot-com fears|
Ballard Power Systems Inc (C:BLDP)
Shares Issued 234,370,877
Last Close 1/15/2020 $13.84
Thursday January 16 2020 - In the News
The Globe and Mail reports in its Thursday edition that Ballard Power Systems seems to have travelled back in time by two decades, when the limitless potential of hydrogen fuel cells propelled the company to the top of the Canadian stock market. The Globe's Tim Shufelt writes that Ballard survived the 1990s tech boom and 2001's crunch. It has recently found new life as a beneficiary of China's aggressive efforts to reduce air pollution, partly through zero-emission buses and trucks. "People are frothingly optimistic about China," said Craig Irwin, an analyst at Roth Capital. As a result, "The valuation on Ballard has separated from reality." Over the past 12 months, Ballard's share price has more than tripled, making it the single best performer in the S&P/TSX Composite Index and bestowing on the company a $3.2-billion valuation. The persistent absence of profit is proving to be little deterrent for the company's supporters. "Investors are likely anticipating that [Ballard] will hit break-even and start moving into positive earnings within the next two years," said Tim Nash a financial planner at Good Investing. Fuel-cell skeptics, however, worry about a replay of the reckoning that investors faced 20 years ago.
© 2020 Canjex Publishing Ltd.
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|From: kidl||1/28/2020 12:44:14 PM|
|Ballard Powers Fuel Cell Electric Vehicles For Unprecedented 30 Million Kilometers - Enough to Circle the Globe 750 Times |
VANCOUVER, Jan. 27, 2020
VANCOUVER, Jan. 27, 2020 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the Company's proton exchange membrane (PEM) fuel cell technology and products have now successfully powered Fuel Cell Electric Vehicles – or FCEVs – in commercial Heavy- and Medium-Duty Motive applications for an industry-leading cumulative total of more than 30 million kilometers (18.5 million miles) on roads around the globe.
Ballard has a long track record of having its PEM fuel cell technology and products integrated into FCEVs to provide zero-emission motive power for vehicle propulsion. This includes in excess of 570 Fuel Cell Electric Buses (FCEBs) and 2,000 commercial trucks currently deployed in Asia, Europe and North America. Some of the FCEBs that have been operating for over 8-years in the field have now exceeded 35,000 hours of revenue service with no major fuel cell maintenance requirements.
"We are grateful to our customers who continue to trust Ballard to deliver safe, durable, reliable and high-performing PEM fuel cell products and technology for commercial FCEVs," said Randy MacEwen, Ballard President and CEO. "Commercial vehicles powered by Ballard technology have on road experience that totals more than 30 million kilometers, which is roughly equivalent to circling the globe 750 times. Our products have powered FCEBs and commercial trucks in 14 countries around the world, and delivered 97.3% availability in 2019. Ballard's unmatched field experience – through eight generations of fuel cell power module and a wide range of duty cycles, climate and road conditions – has enabled an effective feedback loop for our product design and development efforts, resulting in the fuel cell industry's highest performance products designed for Heavy- and Medium-Duty Motive applications, including bus, commercial truck, train and marine."
In 2019, Ballard launched the FCgen®-LCS next-generation PEM fuel cell stack along with FCmoveTM, the Company's 8th-generation fuel cell power module (pictured above).
The use cases for which Ballard products have been deployed in the field are strongly aligned with use cases examined in the Hydrogen Council's "Path to Hydrogen Competitiveness: A cost perspective" report and the Deloitte China-Ballard"Fueling the Future of Mobility: Hydrogen and fuel cell solutions for transportation" white paper, both of which were issued earlier in January 2020. These reports showed that certain use cases for hydrogen FCEVs can be competitive with other low-carbon alternatives and, in some cases, even conventional options by 2030.
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