VANCOUVER, BC, Dec. 9, 2024
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP)
today announced the signing of a multi-year supply agreement with
Stadler US ("Stadler"; www.stadlerrail.com) to supply 8 megawatts
of FCmove®-HD+ fuel cell engines to power trains for the
California Department of Transportation (Caltrans).
The supply of the FCmove®-HD+ engines will be
integrated into Stadler's line of zero-emission passenger trains,
the FLIRT H2.
The order builds on over three years of joint collaboration,
including the successful integration of Ballard fuel cell engines into the FLIRT
H2, which became the first Federal Railroad
Administration (FRA) compliant hydrogen fuel cell powered passenger
train demonstrated in the United
States. The order supports Caltrans' purchase of 10 FLIRT
H2 trains, with an option for an additional 19 trains,
to strengthen the state's zero-emission passenger rail
capabilities.
'We are thrilled to deepen our partnership with Stadler and
support their work with Caltrans to decarbonize commuter rail
transportation in California,"
said Randy MacEwen, Ballard CEO.
"This order grows our footprint in the rail market and validates
the value proposition for Ballard
fuel cell engines to power passenger rail in regions lacking
catenary wire infrastructure. Fuel cells offer a zero-emission
replacement for diesel engines, with comparable payload, range,
reliability, and refueling times," Mr. MacEwen concluded.
Martin Ritter, CEO of Stadler US
commented, "Stadler is looking forward to working with Ballard and Caltrans to provide leading
zero-emission trains to California
and support the advancement of their zero-emission goals. The FLIRT
H2 train can replace diesel trains on non-electrified or
partially electrified lines for emission-free passenger transport
avoiding the investment in costly overhead catenary lines
electrification would otherwise require."
About Ballard Power Systems
Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to
deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, and stationary power. To learn more
about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and other characteristics, product
deliveries and deployments. These forward-looking statements
reflect Ballard's current
expectations as contemplated under section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Any such forward-looking statements are
based on Ballard's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be
materially different, including general economic and regulatory
changes, detrimental reliance on third parties, successfully
achieving our business plans and achieving and sustaining
profitability. For a detailed discussion of these and other risk
factors that could affect Ballard's future performance, please refer to
Ballard's most recent Annual
Information Form. Readers should not place undue reliance on
Ballard's forward-looking
statements and Ballard assumes no
obligation to update or release any revisions to these
forward-looking statements, other than as required under applicable
legislation.
About Stadler
Stadler has been building trains for over 80 years. The provider
of mobility solutions in rail vehicle construction, service and
signalling has its headquarters in Bussnang in eastern Switzerland. It has a workforce of around
14,500 based in various production and engineering locations as
well as more than 80 service locations. The company is conscious of
its social responsibility for sustainable mobility and therefore
stands for innovative, sustainable and durable quality products.
The product range in the field of mainline railways and city
transport includes high-speed trains, intercity trains, regional
and suburban trains, metros, tramways and trams. Stadler also
manufactures main-line locomotives, shunting locomotives and
passenger carriages. It is the world's leading manufacturer in the
rack-and-pinion rail vehicle industry.
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SOURCE Ballard Power Systems Inc.