Ballard Power Systems Inc. engages in the design, development, manufacture, sale and service of fuel cell products for various applications. The company focuses on its power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and telecom backup power, as well as the delivery of technology solutions including engineering services and the license and sale of its intellectual property portfolio and fundamental knowledge for various fuel cell applications. Fuel Cell Stacks: The company provides FCgen and FCveloCity fuel cell stacks to original equipment manufacturer (OEM) customers and system integrators that use the stacks to produce fuel cell systems for power solutions. As the stack provider, the company is the power inside the system. Fuel Cell Modules: The company builds the stacks into self-contained FCveloCity motive modules that are plug-and-play into a larger system. Fuel Cell Systems: The company also builds complete fuel cell systems for stationary power markets that are designed to solve certain energy needs of its customers. The ElectraGen product lines provide fuel-flexible (hydrogen and methanol) system solutions for Backup power markets. The company’s technology solutions offering primarily involve the provision of engineering services and customer access through licensing to its deep intellectual property portfolio and know-how. Power Products Markets Heavy Duty Motive The company provides fuel cell modules for public transit systems, including buses and light rail. These fuel cell buses and light rail systems rely on centralized fuelling depots that simplify the hydrogen infrastructure requirements and are government-subsidized, thus enabling the purchase of pre-commercial fleets. The company designs and manufactures the FCveloCity fuel cell module platform, which in various forms is capable of delivering 30 kW to 200kW of power for use in the Heavy Duty Motive market. It supplies the fuel cell modules to hybrid drive, bus and light rail manufacturer customers that deliver zero-emission fuel cell-powered vehicles to transit operators around the world. The demand for zero-emission mass transit systems is driven in many jurisdictions by the requirement to reduce greenhouse gases and other harmful emissions in urban areas. The FCveloCity-MD series is optimized for smaller buses (approximately 12 meters in length), the FCveloCity-HD module is the workhorse of the standard-size (12-18 meter) fuel cell bus industry, and the FCveloCity-XD series is aimed at light rail. Portable Power Management Solutions Protonex is a designer and manufacturer of power management products and portable fuel cell solutions. Protonex has developed various products designed for end-users in military and commercial markets that are underserved by batteries and small generators. The company is also developing products for OEM customers looking to integrate power systems into their products and applications. The company has commercialized and deployed various of its products, and has received development programs from U.S. military and U.S. government organizations, including the Air Force, the Army, the Navy, the Marines, DARPA, the DOE, and SOCOM. The company has also developed portable fuel cells that facilitate use of fewer batteries by allowing batteries to be re-charged while on the move. A series of proprietary fuel reformers that are both small and allow operation on various available fuels (methanol, propane, kerosene, diesel, gasoline, biofuels, and military fuels). Protonex portable fuel cells have a range of additional uses that include, sustained emergency power, marine power, extended surveillance power, vehicle auxiliary power units (APUs), unmanned aerial (UAV), unmanned ground (UGV) and underwater (UUV) vehicle propulsion. Material Handling The company’s initial focus is on battery-powered Class 1 counter balance lift trucks, Class 2 reach trucks and Class 3 pallet forklifts and AGVs. Its products for the material handling market are the FCveloCity-9SSL, which is applicable to Class 1, Class 2 and Class 3 forklift
ballard power systems inc
(BLD:Toronto Stock Exchange)
9000 Glenlyon Parkway
Burnaby, BC V5J 5J8
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