ballard power systems inc (BLDP) Key Developments
Ballard Power Systems Announces Receipt of Purchase Order from Aditya Birla Group for Fifty ElectraGenTM-H2 Direct Hydrogen Modules
Oct 1 15
Ballard Power Systems announced receipt of a purchase order from Aditya Birla Group for fifty (50) ElectraGenTM-H2 direct hydrogen modules that will be deployed in the Idea Cellular network in India. All modules are expected to be shipped in 2015. This order represents the first step in a planned deployment of as many as 200 systems by the end of 2016. Idea Cellular has 165 million subscribers, including 37 million data users, and revenue of $5 billion which represents 18% market share. Idea Cellular has untaken extensive testing and trialing of Ballard's ElectraGenTM product since late 2013.
Ballard Power Systems to Provide Fuel Cell Systems for 300 Buses in China
Sep 29 15
Ballard Power Systems has signed an agreement with Guangdong Synergy Hydrogen Power Technology Company to provide 300 buses to be used in the cities of Foshan and Yunfu in China's Guangdong province. Ballard said that the deal is worth USD 17 million and includes the agreement to supply fully assembled fuel cell power modules, and ready to assembly module kits as well as a technology licence for localisation of assembly and supply of proprietary fuel cell stacks.
Ballard Power Systems Signs Joint Development Agreement and Supply Agreement to Develop and Commercialize Fuel Cell Engine
Sep 28 15
Ballard Power Systems Inc. signed a joint development agreement and a supply agreement to develop and commercialize a fuel cell engine specifically designed for integration into low floor trams manufactured by CRRC Qingdao Sifang Company Ltd. (CRRC Sifang). The agreements include 2016 delivery of ten (10) customized FCvelocity modules and the agreements have an initial value expected to be approximately $6 million. The company plans to develop a new prototype configuration of its FCvelocity fuel cell module to deliver 200 kilowatts (kW) of net power for use in powering trams in urban deployments. An initial deployment of eight fuel cell-powered trams is planned by CRRC Sifang and the City of Foshan on the Gaoming Line starting in 2017.
Ballard Power Systems Signs New Long-Term License and Supply Agreement with Guangdong Synergy Hydrogen Power Technology Co., Ltd
Sep 28 15
Ballard Power Systems signed a new long-term license and supply agreement with an existing partner in China, Guangdong Synergy Hydrogen Power Technology Co. Ltd., to provide fuel cell Power Products and Technology Solutions in support of the planned deployment of approximately 300 fuel cell-powered buses in the cities of Foshan and Yunfu, China. The deal has an estimated initial value of $17 million through 2016, with the opportunity for significant recurring royalties starting in 2017. The agreement includes supply and sale of fully-assembled fuel cell power modules, ready-to-assemble module kits, a technology license for localization of assembly, supply of proprietary fuel cell stacks and long-term recurring royalties leveraged to unit volumes of locally assembled modules.
Ballard Power Systems Inc. - Analyst/Investor Day
Sep 24 15
To discuss on the company's activities and plans in the heavy-duty mass transit market; to discuss about Protonex Technology Corporation acquisition and growth prospects; to discuss the growing opportunities for clean energy solutions and Ballard’s strategy to profitably scale the business; and update on key areas of the company’s operations