Last $2.36 USD
Change Today -0.38 / -13.87%
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As of 8:10 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

ballard power systems inc (BLDP) Snapshot

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03/11/14 - $8.38
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ballard power systems inc (BLDP) Details

Ballard Power Systems Inc. is engaged in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, service, and license of fuel cell stacks, modules, and systems for various applications in the motive and stationary power markets. It also develops methanol and hydrogen fueled clean energy backup power systems, as well as provides engineering services for various fuel cell applications. The company offers its products and services for telecom backup power and material handling, as well as bus and distributed generation markets. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada.

ballard power systems inc (BLDP) Top Compensated Officers

Chief Financial Officer and Vice President
Total Annual Compensation: C$467.6K
Chief Operations Officer and Vice President
Total Annual Compensation: C$354.8K
Chief Technology Officer and Vice President
Total Annual Compensation: C$446.6K
Vice President of Business & Corporate Develo...
Total Annual Compensation: C$264.8K
Compensation as of Fiscal Year 2013.

ballard power systems inc (BLDP) Key Developments

Ballard Power Systems Inc. Closes Technology Solutions Transaction with Volkswagen Group

Ballard Power Systems announced that the company has successfully closed the Technology Solutions transaction previously announced on February 11th with Volkswagen Group for an aggregate amount of approximately USD 80 million for the transfer of certain automotive-related fuel cell intellectual property (IP) and two-year extension of an engineering services contract through March 2019. At closing Ballard received an initial payment of USD 40 million, of which 25% will be paid to United Technologies Corporation (UTC) as a royalty payment pursuant to the agreement with UTC announced on April 24, 2014. The company expects to receive the remaining USD 10 million, which will be subject to a 9% payment to UTC, no later than first quarter 2016.

Ballard Power Systems Signs Two New Fuel-Cell Technology Contracts

Ballard Power Systems said it has signed two new fuel-cell technology contracts, one with Ardica Technologies and one with an unnamed global automotive original equipment manufacturer. Under each contract, Ballard will provide expertise in proton exchange membrane fuel-cell technology to advance customer programs through development stages. The contract with Ardica encompasses a next phase of work in the continuing development program for a wearable fuel-cell power system to be used by soldiers. This next work phase will focus on cost reduction along with development of additional manufacturing capabilities.

Ballard Power Systems to Supply Fuel Cell Modules for FTA-Funded Bus Deployments in U.S

Ballard Power Systems announced that it expects to supply ten FCvelocity®-HD6 fuel cell modules to power clean energy buses as part of two projects that were recently awarded funding by the U.S. Federal Transit Administration (FTA) under the Low and No Emission (LoNo) Vehicle Deployment Program. Ballard’s partners are BAE Systems, and ElDorado National. Together the companies plan to supply ten (10) zero-emission fuel cell buses, 5 each to SunLine Transit Agency in Thousand Palms, California and Stark Area Regional Transit Authority (SARTA) in Canton, Ohio. Ballard expects to receive orders for these modules once agreements with the transit agencies are finalized and expects to begin shipments in the second half of 2015.


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BLDP Competitors

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Company Last Change
Enova Systems Inc $0.0069 USD +0.0004
FuelCell Energy Inc $1.25 USD -0.02
Plug Power Inc $3.11 USD -0.01
Quantum Fuel Systems Technologies Worldwide Inc $3.16 USD +0.12
Tecogen Inc $5.29 USD +0.0368
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