VANCOUVER, BC and BOLECHOWO, Poland, Aug. 8, 2023
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP)
today announced multiple purchase orders for a total of 96 hydrogen
fuel cell engines from long-standing customer Solaris Bus &
Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading
European bus manufacturer that is deploying hydrogen-powered buses
across the continent. Ballard expects limited initial deliveries of
the 96 fuel cell engines to start in late 2023, with most being
delivered through 2024.
The purchases orders include the largest single order to date
that Ballard has received from Solaris – an order for 52 fuel cell
engines that will power Solaris
Urbino hydrogen buses for deployment by public transport
operator Rebus Regionalbus Rostock, based in Güstrow, Germany. Rebus is building two hydrogen
refueling stations at depots in Güstrow and Bad Doberan to support
the planned and future growth of hydrogen powered local public
transportation.
In addition to the order for Güstrow-bound buses, Ballard has
received orders from Solaris for an additional 44 fuel cell engines
that will power Solaris buses in European cities. These orders will
add to the more than 110 fuel cell buses that Solaris has deployed
with customers in Europe to
date.
"Receiving our largest single order for fuel cell bus engines in
Europe is a testament to the
performance of our products and our partner's hydrogen-powered
buses," said David Mucciacciaro,
Ballard Chief Commercial Officer. "We believe these orders
demonstrate broader acceptance of fuel cell buses that is driving
deployment-level volumes for our customer and is a signpost on the
journey towards decarbonization of city buses and the potential of
widespread fuel cell bus adoption."
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.
This release contains forward-looking statements concerning
anticipated product deliveries, customer deployments, and market
adoption. 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 its
product development efforts, manufacturing capacity, and market
demand.
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.
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SOURCE Ballard Power Systems Inc.