Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Last C$2.01 CAD
Change Today 0.00 / 0.00%
Volume 0.0
As of 3:59 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

9000 Glenlyon Parkway

Burnaby, BC V5J 5J8


Phone: 604-454-0900


Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of fuel cell products. The company’s technology is based on proton exchange membrane (PEM) fuel cells. Segments The company’s Fuel Cell Products and Services segment consists of the sale and service of fuel cell products for its ‘commercial stage’ markets of Telecom Backup Power and Material Handling and for its ‘development stage’ markets of Bus and Distributed Generation, as well as the provision of Engineering Services and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for various fuel cell applications. Markets, Products and Services The company provides products in the following three product classes: 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-HD modules that are plug-and-play into a larger system. As a fuel cell module provider, the company makes it easier for OEMs and system integrators to create fuel cell systems. 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 Back-up power markets. The ClearGen product line provides system solutions for large scale Distributed Generation markets. Fuel Cell Products and Services Commercial Stage Markets Telecom Backup Power The company’s focus in the back-up power market is on the telecommunications industry. The company provides energy fuel cell back-up power systems for telecom equipment suppliers for installation in either indoor or outdoor applications. Dantherm Power A/S develops energy hydrogen fuel cell back-up power systems, while Ballard Fuel Cell Systems Inc. primarily focuses on methanol-fueled systems. The FCgen-1020ACS fuel cell product is its primary stack platform in the back-up power market. In 2014, the company shipped a total of 375 ElectraGen systems worldwide. Material Handling The material handling market includes target industrial vehicles such as forklifts, automated guided vehicles (AGVs) and ground support equipment (GSE). 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. The company’s primary product for the material handling market is the FCvelocity-9SSL, which is applicable to Class 1, Class 2 and Class 3 forklift truck solutions. The company also supplies the FCvelocity-1020ACS, its second-generation air-cooled fuel cell product, for light-duty material handling applications. The company’s customer and partner in North America is Plug Power Inc., a specialized system integrator. Development Stage Markets Buses: The company provides fuel cell modules for public transit buses. These fuel cell buses 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-HD6 fuel cell module delivering 75 - 150 kW of power for use in the bus market. It supplies the fuel cell modules to hybrid drive and coach manufacturer customers that deliver zero-emission fuel cell-powered buses to transit operators around the world. Distributed Generation: In 2011, the company entered into an agreement with Toyota Motor Sales USA Inc. (Toyota) to deploy a 1 MW ClearGen fuel cell system to provide peak electrical power and heat at the Toyota facility in Torrance, California. The unit was successfully installed and commissioned in 2012 and continues to operate. Technology Solutions: This market was established to utilize its expertise in fuel cell design, prototyping, manufacturing and servicing. The man

Page 12Next Page

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BLD:CN C$2.01 CAD 0.00

BLD Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Deutz AG €3.24 EUR -0.125
Doosan Corp 112,000 KRW +2,500
Remy International Inc $29.50 USD +0.01
Ricardo PLC 904.50 GBp 0.00
Tecogen Inc $3.38 USD -0.12
View Industry Companies

Industry Analysis


Industry Average

Valuation BLD Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.8x

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BALLARD POWER SYSTEMS INC, please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at