- Ballard Power Systems (TSX:BLDP) has signed a multi-year supply agreement with Manufacturing Commercial Vehicles (MCV), for fuel cell engines totalling approximately 5 MW
- This agreement marks the continued growth of the relationship between Ballard and MCV, which began in 2022 with fuel cell engine integration support and the first fuel cell engine order placed in 2023
- Ballard currently powers more than 1,800 fuel cell buses worldwide, which have collectively logged over 200 million miles of operational service
- Ballard Power Systems Inc. (TSX:BLDP) opened trading at C$1.61
Ballard Power Systems (TSX:BLDP) has signed a multi-year supply agreement with Manufacturing Commercial Vehicles (MCV), a leading commercial vehicle manufacturer based in Egypt, for fuel cell engines totalling approximately 5 MW.
Details of the agreement: The supply agreement includes 50 FCmove-HD+ engines, with an initial order of 35 units. This agreement marks the continued growth of the relationship between Ballard and MCV, which began in 2022 with fuel cell engine integration support and the first fuel cell engine order placed in 2023. Deliveries of the 50 engines are expected between 2025 and 2026 and will initially support projects in the European Union.
Ballard’s global impact: Ballard currently powers more than 1,800 fuel cell buses worldwide, which have collectively logged over 200 million miles of operational service. The company’s fuel cell engines have demonstrated a 99 per cent availability rate and zero reported safety incidents, offering a reliable alternative to diesel engines without compromising on routes, capacity, availability, or refueling times.
Comments from Ballard: “In 2024 we took in 1,600 bus engines orders across 7 OEMs, and this agreement continues the momentum into 2025,” Oben Uluc, Ballard’s vice president, Europe sales and marketing said in a news release. “As the fuel cell bus market continues to mature, we look forward to the use of Ballard fuel cell engines to decarbonize public transit across the globe.”
Ballard manufactures zero-emission fuel cells for buses, commercial trucks, trains, marine vessels and stationary power.
Ballard Power Systems Inc. (TSX:BLDP) opened trading 0.92 per cent lower at C$1.61 and has fallen 61.27 per cent since this time last year.
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(Top image via Ballard Power Systems Inc.)
