Ballard Secures Orders For 31 Fuel Cell Engines

Ballard Power Systems Inc BLDP received orders for 31 modules, totaling 3 MW of hydrogen fuel cell power, from a global construction, electric power, and off-road equipment manufacturer. Financial terms were not disclosed.
The company expects to deliver the modules in 2022 and 2023 to match planned integration, testing, and deployment schedules.
"We are thrilled to be partnering with this important strategic account where we are able to offer Ballard's portfolio of leading fuel cell engines across a variety of off-road and stationary power applications," stated CEO Randy MacEwen.
The orders include the supply of Ballard's new FCmove-HD+ engines, the latest fuel cell engine launched late last year.
Price Action: BLDP shares are trading lower by 1.74% at $11.04 on the last check Thursday.

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