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   Technology StocksBallard Power -world leader zero-emission PEM fuel cells


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From: kidl1/19/2021 8:17:29 AM
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Post says Ballard gearing up for acquisitions

Monday January 18 2021 - In the News

The Financial Post reports in its Saturday edition that Ballard Power Systems may add debt to its balance sheet for the first time in years for acquisitions given current cheap financing costs. A Bloomberg dispatch to the Post quotes chief financial officer Tony Guglielmin saying: "If we go into the market again to raise more capital, particularly for an M&A opportunity, absolutely the debt markets would be something we would prioritize. Because we fit squarely in the green area, we could access that market and it's very attractive right now in terms of pricing." Ballard Power, which provides fuel cells for buses, commercial trucks, trains, marine vessels, passenger cars and forklifts, gets over 95 per cent of its revenues in North America, Europe and China. The Vancouver-area firm, which last year raised $700-million (U.S.) in the equity markets, is looking for potential acquisitions mostly in Europe, where there are "handful of very strong companies," Mr. Guglielmin said. "We do have a very active pipeline and we're looking at a number of M&A opportunities," he said, adding that around $150-million (U.S.) of the money raised last year will finance operations before the company reaches cash-flow break-even.

© 2021 Canjex Publishing Ltd.

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From: kidl1/20/2021 8:37:23 AM
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New coverage rates Ballard "outperform"

Wednesday January 20 2021 - In the News

The Globe and Mail reports in its Wednesday edition that BMO Nesbitt Burns analyst Jonathan Lamers began coverage of Ballard Power Systems ($35.86) with an "outperform" rating (all figures U.S.). The Globe's David Leeder writes that Mr. Lamers targets the shares at $39. Analysts on average target the shares at $30.46. Mr. Lamers says in a note: "Ballard is the leading global developer of proton-exchange membrane fuel cell systems for commercial vehicles, and is set for rapid long-term growth, as the Weichai JV in China and the European heavy-duty truck markets scale up. We note a number of near-term uncertainties and in consideration for the recent rise in valuation, initiate monitoring for a favourable entry point." The Globe reported on Oct. 28, 2020, that Erica Lau at North Growth Management was keen on Ballard. The shares were then worth $52.77. The Globe reported on Nov. 11, 2020, that H.C. Wainwright & Co. analyst Amit Dayal downgraded his rating for Ballard to "neutral" from "buy." The shares were then worth $57.37. The Globe reported on Jan. 12, 2021, that Raymond James analyst Michael Glen had boosted his rating for Ballard to "strong buy" from "outperform." The shares were then worth $28.96.

© 2021 Canjex Publishing Ltd.

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From: kidl1/31/2021 1:29:01 PM
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GM Pushes Ahead With Hydrogen Fuel Cell Technology For Long Haul Trucks

January 31st, 2021 by Steve Hanley

cleantechnica.com

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From: kidl2/2/2021 10:05:17 AM
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Ballard Announces Follow-On Orders for Fuel Cell Modules to Power 10 Solaris Buses in Europe

Canada NewsWire

VANCOUVER, BC and HOBRO, Denmark, Feb. 2, 2021

VANCOUVER, BC and HOBRO, Denmark, Feb. 2, 2021 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced purchase orders from Solaris Bus & Coach S.A. ("Solaris"; www.solarisbus.com), a leading European bus and trolleybus manufacturer and Ballard partner headquartered in Bolechowo, Poland, for 10 Ballard FCmove™ fuel cell modules to power 10 Fuel Cell Electric Buses (FCEBs) in the Netherlands. Ballard plans to ship the modules in 2021.



Ballard fuel cell modules will power 10 Solaris Urbino 12 hydrogen buses planned for deployment with Arriva Nederland in the Province of Gelderland, the Netherlands later in 2021. These will replace diesel buses currently in service and are expected to cumulatively travel over 1-million kilometers (620,000 miles) per year.

Each of the single decker Solaris Urbino 12 hydrogen buses is 12-meters (40-feet) long, has 37 seats and total capacity for 85 people, and is capable of traveling 350 kilometers (210 miles) on a single hydrogen refueling. The buses are designed for maximum passenger comfort and security, with amenities that include air conditioning, a modern passenger information system, built-in USB charging points, wheelchair access, and CCTV cameras.

Rob Campbell, Ballard Chief Commercial Operator said, "With the deployment of these 10 buses, Ballard modules will be powering a total of 67 Solaris buses in The Netherlands, Germany and Italy. The order we are announcing today is indicative of the growing European and global adoption of zero-emission Fuel Cell Electric Buses, driven by recognized benefits such as range, route flexibility, fast refueling and scalability of refueling infrastructure, which all contribute to a competitive Total Cost of Ownership, or TCO, in comparison to other zero-emission bus solutions."

Partial funding for the Netherland deployment is being provided through Europe's JIVE – or Joint Initiative For Hydrogen Vehicles Across Europe – funding programs, which is intended to pave the way to commercialization of FCEBs 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.

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From: kidl2/4/2021 11:01:02 AM
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Ballard Signs MOU with Global Energy Ventures For Development of Fuel Cell-Powered Ship

PR Newswire

VANCOUVER, BC and WEST PERTH, Australia, Feb. 3, 2021

VANCOUVER, BC and WEST PERTH, Australia, Feb. 3, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures (ASX: GEV; www.gev.com) – a provider of integrated compressed shipping solutions for the transportation of energy to regional markets, headquartered in Australia – for the development of a new fuel cell-powered ship, called C-H2 Ship, designed to transport compressed green hydrogen.



The power required for a small-scale demonstration of the C-H2 Ship is expected to be under 10 megawatts (MW). At full scale, the C-H2 Ship will have a propulsion power requirement of approximately 26MW, and a containment system for storage of 2,000 tons of compressed green hydrogen.

GEV will be responsible for design approvals, development, financing, and operation of C-H2 Ship, along with integration of the required power system. Ballard will be responsible for design of the fuel cell system for the C-H2 Ship, based on its FCwaveTM technology, and will assist GEV with integration of the fuel cell system into the vessel's design. Ballard's FCwaveTM system will obtain its hydrogen fuel from the compressed green hydrogen stored onboard and transported by the vessel.

Martin Carolan, Executive Director of Global Energy Ventures said, "This MOU is a significant step in our development of the Company's C-H2 Ship, with hydrogen fuel cells now at the forefront of zero-emission technologies for shipping. We look forward to working with Ballard on the development of the C-H2 Ship's fuel cell system and power requirements in line with our development program for a compressed shipping solution for hydrogen marine transport at scale."

Rob Campbell, Ballard Chief Commercial Officer noted, "Hydrogen and fuel cell technology provide a compelling path for the decarbonization of the maritime sector, one of the key Medium- and Heavy-Duty Motive applications for which our products offer a particularly strong value proposition. Working with Global Energy Ventures will allow us to advance megawatt-scale hydrogen fuel cell and storage integration on board a large marine vessel. We are looking forward to collaborating with GEV on the visionary C-H2 Ship."

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From: kidl2/9/2021 6:03:46 PM
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Crappy pricing but at least no cheap warrants ...

Ballard Announces US$350 Million Bought Deal Offering of Common Shares

VANCOUVER, British Columbia, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Ballard Power Systems ("Ballard" or "the Company") (NASDAQ: BLDP; TSX: BLDP) today announced that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,460,000 common shares of the Company (the "Common Shares") at a price of US$37.00 per Common Share (the "Offering Price") for gross proceeds of US$350,020,000 (the "Offering"). The Underwriters have also been granted an option (the "Over-Allotment Option"), exercisable in whole or in part and from time to time, at any time until 30 days after the closing date of the Offering, to purchase from the Company up to an additional 1,419,000 Common Shares at the Offering Price for additional gross proceeds of up to US$52,503,000 to the Company. If the Over-Allotment Option is exercised by the Underwriters in full, aggregate gross proceeds of the Offering will be US$402,523,000.

The Common Shares will be issued by way of a short form prospectus that will be filed with the securities regulatory authorities in all provinces and territories of Canada (excluding Quebec) and by way of a registration statement with the Securities and Exchange Commission (the "SEC") in the United States under the multijurisdictional disclosure system. The Company filed a preliminary short form prospectus in respect of the Offering and a registration statement (including the preliminary short form prospectus) with the SEC to which this communication and the Offering relate. The preliminary short form prospectus is subject to completion or amendment, and the registration statement has not yet become effective. The Common Shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Before you invest, you should read the short form prospectus and other documents Ballard has filed with the SEC and with the Canadian securities regulatory authorities for more complete information about Ballard and the Offering. The Offering is made only by the prospectus. The prospectuses will be available for free on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com and on the SEC's website at www.sec.gov.

Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus, if you request it by contacting TD Securities Inc. in Canada, Attention: Symcor, NPM (tel: 289-360-2009, email: sdcconfirms@td.com), 1625 Tech Avenue, Mississauga ON L4W 5P5; or you may request it from TD Securities (USA) LLC in the U.S. (tel: 212-827-7392), 31 W 52nd Street, New York NY 10019; or National Bank Financial Inc.: Equity Capital Markets, 130 King Street West, 4th Floor Podium, email: ecm-origination@nbc.ca.

The Company intends to use net proceeds of the Offering to further strengthen the balance sheet, thereby providing additional flexibility to fund its growth strategy, including through activities such as product innovation, investments in production capacity expansion and localization, future acquisitions and strategic partnerships and investments.

The Offering is expected to close on or about February 23, 2021 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

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From: kidl2/10/2021 9:49:42 AM
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Ballard Increases Bought Deal Offering of Common Shares

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Ballard Power Systems ("Ballard" or "the Company") (NASDAQ: BLDP; TSX: BLDP) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the "Underwriters"), to increase the size of its previously announced US$350 million bought deal offering (the "Offering"). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company (the "Common Shares") at a price of US$37.00 per Common Share (the "Offering Price") for gross proceeds of US$550,190,000.

The Underwriters have also been granted an option (the "Over-Allotment Option"), exercisable in whole or in part and from time to time, at any time until 30 days after the closing date of the Offering, to purchase from the Company up to an additional 2,230,500 Common Shares at the Offering Price for additional gross proceeds of up to US$82,528,500 to the Company. If the Over-Allotment Option is exercised by the Underwriters in full, aggregate gross proceeds of the Offering will be US$632,718,500.

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From: kidl2/25/2021 10:07:27 AM
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NFI Subsidiary ADL's New British-Built H2.0 Double-Deck Hydrogen Bus to Deliver Up to 300 Zero-Emission Mile Range

Canada NewsWire

LARBERT, Scotland, Feb. 25, 2021

LARBERT, Scotland, Feb. 25, 2021 /CNW/ - (TSX: NFI) Alexander Dennis Limited ("ADL"), a subsidiary of NFI Group Inc. ("NFI"), one of the world's leading independent global bus manufacturers, today announced that its next generation double deck hydrogen bus ("H2.0") will deliver a zero-emission range of up to 300 miles. H2.0 will be powered by a Ballard fuel cell power module through the efficient Voith Electrical Drive System (VEDS).

Designed and fully built in Britain, H2.0 is ADL's second-generation hydrogen platform, incorporating learnings from nationwide trials and more than 25 years of hydrogen experience of New Flyer, another NFI Group subsidiary, to set new standards for range and efficiency. The H2.0 is expected to be on the road before the end of the year. It supports the development of skills in the growing clean vehicle technology sector and boosts the UK hydrogen economy. In addition, it will also assist in delivering governments' net-zero targets through the carbon-neutral electrification of high-mileage bus routes.

Integrating with a class-leading Ballard fuel cell power module, H2.0 continues ADL's philosophy of working with only the best in the field. Specified to just the right power output, the fuel cells minimise fuel consumption and maximise performance for lowest total cost of ownership. With fewer higher volume tanks, H2.0 reduces maintenance effort while increasing fuel capacity to deliver increased zero-emission range.

H2.0 uses the latest technology in the form of the Voith Electrical Drive System. This boosts energy regeneration during the braking phase and delivers increased efficiency that is further enhanced by advanced thermal management which uses excess heat from the fuel cells and driveline to heat the saloon, minimising additional power requirement.

ADL President & Managing Director, Paul Davies said, "H2.0 is going to be a milestone for zero-emission technology, with unrivalled efficiency that gives a class-leading range, perfect for high-mileage routes that battery technology alone doesn't cover. Designed and built in Britain, our next generation hydrogen bus will retain investment in our economy and boost skills in clean vehicle technology, a crucial sector for future development as the United Kingdom targets net zero by 2050."

NFI Group is a leader and innovator in zero-emission mobility. The Company's battery-electric and fuel-cell electric vehicles are in more than 80 cities in four countries and have completed over 20 million electric service miles.

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From: kidl3/3/2021 10:28:52 AM
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The Financial Post reports in its Wednesday edition that the U.S. oil and gas industry should embrace "huge opportunities" in producing and transporting hydrogen, with the potential for that cutting-edge energy source to fuel long-haul trucks and supply power globally, presidential climate envoy John Kerry said Tuesday. A Bloomberg dispatch to the Post quotes Mr. Kerry telling the Ceraweek conferenc: "That's jump ball right now. The test is going to be how do we produce the hydrogen in a way that isn't so damaging and carbon-intensive." President Joe Biden has extolled the climate potential of hydrogen, which is widely seen as a lower-carbon alternative to natural gas in fuelling power plants and vehicles. While most of it is extracted from gas, there is a push to use renewable energy to make the fuel from water, which would not generate carbon emissions. Oil and gas companies have "incredible infrastructure" to transport hydrogen, Mr. Kerry said. Mr. Kerry said the Biden administration will push China on the issue, even as it confronts the world's top greenhouse-gas emitter over trade and intellectual property concerns. The U.S. formally rejoined some 195 other countries in the Paris Agreement last month.

© 2021 Canjex Publishing Ltd.

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From: kidl3/10/2021 10:53:39 AM
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Ballard Fuel Cells to Power CP Hydrogen Locomotive Program Canada NewsWire

VANCOUVER, BC and CALGARY, AB, March 9, 2021

VANCOUVER, BC and CALGARY, AB, March 9, 2021 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Canadian Pacific (TSX: CP; NYSE: CP), announced today that CP will employ Ballard fuel cell modules for CP's pioneering Hydrogen Locomotive Program. The modules will provide a total of 1.2 megawatts of electricity to power the locomotive.



"With this purchase from Ballard, a leader in the hydrogen fuel cell industry, CP further demonstrates its commitment to developing the next generation of locomotive – one that produces zero emissions," said CP President and CEO Keith Creel. "How we power our trains matters to our customers, employees, shareholders and to the communities we operate in. This technology holds the possibility of eliminating emissions from freight train operations, which already represent the most efficient method of moving goods over land."

Through its Hydrogen Locomotive Program, CP will develop North America's first hydrogen-powered line-haul freight locomotive by retrofitting a formerly diesel-powered locomotive with Ballard hydrogen fuel cells. The fuel cells will work with battery technology to power the locomotive's electric traction motors. Once operational, CP will conduct rail service trials and qualification testing to evaluate the technology's readiness for the freight-rail sector.

Ballard plans to deliver six of its 200-kilowatt fuel cell modules to CP in 2021. Ballard will provide support to enable integration of the modules into the locomotive.

Randy MacEwen, Ballard President and CEO, noted, "We are excited to be working with CP, an industry leader in the North American rail sector. CP's Hydrogen Locomotive Program will develop North America's first hydrogen and fuel cell-powered line-haul freight locomotive. In addition to Ballard's work focused on powering commuter trains in Europe and urban trams in China, CP's Hydrogen Locomotive Program in North America underscores the strong fit for zero-emission fuel cells to power heavy- and medium-duty motive applications, including trains, for which it is otherwise difficult to abate emissions."

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