Market Updates
Ballard Engineering Services Program for Volkswagen Progressing RapidlyWork at Ballard is progressing rapidly against a major Engineering Services contract signed on March 6, 2013 with Volkswagen AG to advance the automaker’s fuel cell automotive research program.
Q1 2013 Results Recap: Adjusted EBITDA Improves 27%, As Revenue Increases 22% The Company’s Q1 results demonstrated continued progress, including improvement in all key financial metrics.
Roadmap Proposed for California Fuel Cell Buses
California has gained considerable experience with the development and demonstration of zero emission vehicle (ZEV) technologies through its zero-emission bus (ZBus) program.
Ace Hardware To Deploy Plug Power GenDrive® Systems in Forklift Fleet, Powered By Ballard Fuel Cells
Ace Hardware recently announced it will deploy a fleet of 65 lift trucks with Plug Power GenDrive® fuel cell systems at its newest Retail Support Center
Ballard Congratulates Finalists of UBC’s Inaugural Sauder Summit International Case Competition
Twelve teams representing business schools at foreign universities tackled a comprehensive strategy case study focused on Ballard Power Systems during the final 24-hour round of competition.
Ballard Congratulates CHFCA For Receipt Of Support From Western Economic Diversification Fund
The investment of $646,750 will assist CHFCA in developing and implementing its ‘Accelerated Trade and Investment Program’ for small-to-medium sized enterprises in the western Canadian hydrogen and fuel cell sector.
BMW Reports More Than 2x Increase In Size Of Ballard-Powered Forklift Fleet
BMW Manufacturing recently announced the expansion of its Ballard fuel cell-powered material handling fleet to 230 units at the Company’s 4.0 million square foot production facility in Spartanburg, South Carolina.
Background: Azure’s Investment In Ballard Telecom Backup Power Subsidiary
Ballard announced that Azure Hydrogen Energy Science and Technology Corporation (Azure) acquired a 10% ownership position in Dantherm Power, Ballard’s telecom backup power subsidiary, for $2 million.
Ballard Equity Financing
Ballard announced an equity financing generating net proceeds of approximately U.S. $7.3 million and expected to close on March 26, 2013. This Market Update provides a summary of the financing, in the context of the Company’s path to profitability.
'Ericsson Mobility Report' Confirms Significant Continuing Growth in Wireless
In the Ericsson Mobility Report for February 2013, significant continued growth in global wireless subscriptions and devices is confirmed.
Growing Opportunities For Ballard Engineering Services
Fuel cell product developers can leverage Ballard’s high level of competency in a range of specialized fuel cell activities, with the Ballard team providing tools and technologies for development, optimization, integration and validation of fuel cell components, stacks and systems.
New Customers and Repeat Orders Signal Positive Developments in Fuel Cell Material Handling Market
Customers in grocery, retail, warehousing and manufacturing facilities are recognizing productivity and environmental benefits available from fuel cell powered material handling equipment, driving important growth in the market.
Purchase Orders For Fuel Cell Backup Power Systems In The Telecom Sector On The Rise
Ballard is seeing positive indicators of momentum in the fuel cell backup power market as new and repeat orders from telecom network operators grow.
Fuel Cell Cars May Be Added to Automotive OEM Product Lines in the Coming Years
At Ballard Power Systems we have undertaken Engineering Services work over the past several years in the automotive industry, helping to advance the reality of competitive fuel cell vehicles.
Positive Developments For Fuel Cell Solutions Used in Telecom Backup Power
On August 1st Ballard Power Systems acquired select assets from IdaTech, including that Company’s fuel cell product for backup power applications, distributor and customer relationships, as well as a license to intellectual property.
Growing Momentum in South African Hydrogen and Fuel Cell Industry
The South African government is taking decisive steps to stimulate the region’s hydrogen and fuel cell industry in order to generate additional value from platinum group metals. Learn how Ballard is participating.
Ballard Fuel Cells to Power Low-Emission Canadian Coast Guard Vessel
Ballard Power Systems is supporting the efforts of Alion Science and Technology with a tender response to the Federal Government relating to the investigation and implementation of PEM fuel cell systems on seagoing vessels.
Site Preparation Underway at Toyota for 1-Megawatt ClearGen™ Fuel Cell System
Site preparation has commenced for the installation of a Ballard supplied 1-megawatt (MW) fuel cell generator at the Toyota Motor Sales U.S.A., Inc. (TMS) sales and marketing headquarters campus in Torrance, California.
Ballard reduces operating expenses to align with revised revenue guidance
Ballard has implemented actions to ensure that the operating expense base is aligned with revenue guidance.
Report on the Latest Progress Toward Commercialization of Clean Energy Fuel Cell Buses
Ballard Power Systems issued a Market Update on March 21, 2012, detailing the expected progress toward commercialization of clean energy fuel cell buses through deployments in Europe, Brazil and the United States.
Ballard Fuel Cells Power Motorola Solutions to Recognition as a TETRA Award Finalist
Ballard Power Systems congratulates Motorola Solutions on its selection as a finalist for the upcoming “2012 International TETRA Awards”.
Ballard Briefs White House Hydrogen and Fuel Cells Interagency Working Group
Ballard Power Systems provides a technical briefing to the Hydrogen and Fuel Cells Interagency Working Group (IWG), a U.S. government body reporting to the White House Office of Science and Technology Policy.
Significant Progress Expected in 2012 Toward Commercialization of Clean Energy Fuel Cell Buses
Ballard Power Systems continues to gain traction in the clean energy fuel cell bus market, utilizing our FCvelocityTM-HD6 power modules for customers in a number of geographic markets.
'Sao Paulo Transporte' Issues RFP for Hydrogen Fuel Cell Buses
Sao Paulo Transporte, the transit agency responsible for more than 16,000 transit buses in this city, has issued a Request for Proposal (RFP) in relation to 10-to-30 hydrogen fuel cell buses.
Ballard Fuel Cell Modules Operating to a High Standard in Transport for London Buses
The FCvelocity™ fuel cell modules, currently powering five buses in the TfL fleet, have performed safely and reliably.
Ballard included in CTSI Utility Technology Challenge Winners
Ballard recently won the international Utility Technology Challenge (UTC) competition; a contest with support from the US Department of Energy that searches for innovation in a variety of clean tech areas.
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