Ballard Power Systems Inc (BLDP)

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Ballard Power Systems Inc (BLDP) Profile

Ballard Power Systems Inc (BLDP.xnas) is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products headquartered in Burnaby, Canada. Ballard has 630 employees and offers its products for markets such as heavy-duty motive (consisting of bus, tram and applications), material handling, portable power, and engineering services. Ballard delivers fuel cells also for marine applications, trains, mining trucks, and backup power systems for critical infrastructure. A fuel cell system for application in drones is under development. The cοmpany has already designed and shipped over 400 MW οf fuel cell prοducts. In cooperation with Audi AG, Ballard is part of a development partnership for automotive fuel cells, which will run at least until 2022. Ballard Power Systems Inc stock (BLDP) is listed on the NASDAQ and had a market capitalisation of $3.21B (USD) as of January 2022. In late 2021, Ballard announced it received an order for 8 additional 200 kW fuel cell modules to support the expansion of Canadian Pacific’s hydrogen locomotive program from 1 to 3 locomotives with expected delivery in 2022. Additionally, Ballard announced orders for 31 modules, totalling 3 MW of hydrogen fuel cell power, to a leading global construction, electric power, and off-road equipment manufacturer expected to be delivered in 2022 and 2023 to match planned integration, testing and deployment schedules.

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