Ballard Gets Azure Fuel-Cell Deal for China Telecom Networks

Ballard Power Systems Inc. (BLD), a manufacturer of fuel cells for buses and backup power, agreed to provide 220 systems to China’s Azure Hydrogen Energy Science & Technology Corp.

The agreement comprises 120 direct-hydrogen systems and 100 fueled by methanol and all will be delivered by year-end, according to a statement today from Burnaby, British Columbia-based Ballard. Terms of the deal weren’t disclosed.

The fuel-cell systems will provide backup power for telecommunication networks in China.

Ballard in May agreed to develop fuel-cell buses with Beijing-based Azure Hydrogen. Ballard gained 1.4 percent to $2.11 at the close in New York.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.