Ballard Power Systems Secures Major Order for Fuel Cell Engines

Ballard Power Systems has announced a significant purchase order to provide 200 fuel cell engines to New Flyer, a division of NFI Group. This move is expected to enhance the deployment of zero-emission fuel cell buses in the market.

Date: 04-11-2024

AI Rating: 7

The report highlights an important purchase order by Ballard Power Systems Inc. (BLDP) for 200 fuel cell engines to be supplied to New Flyer, part of NFI Group Inc. (NFI.TO). This major order, amounting to approximately 20 MW of power, positions Ballard as a key player in the growing market for zero-emission transportation solutions.

The delivery of these engines is scheduled for 2025 and aims to power New Flyer's next-gen hydrogen fuel cell buses, known as the Xcelsior CHARGE FC. Such initiatives align with the increasing global emphasis on sustainable and environmentally friendly public transportation options.

This contract may significantly enhance Ballard's revenue potential as it reinforces its market position and showcases its technological capabilities in fuel cell technology. Additionally, the emerging demand for zero-emission vehicles could further bolster market sentiment toward both Ballard and NFI Group.

Stocks: BLDP NFI