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Ballard Power Systems


Ballard Power Systems (Nasdaq/TSX: BLDP) is a Canadian manufacturer of Proton Exchange Membrane (PEM) fuel-cell power systems. Ballard has been listed on the Nasdaq and Toronto Stock Exchange since 1995 and 1993, respectively. Ballard reported revenue of USD 83.7 million in 2022. The company is yet to turn a profit, having made an operating loss of USD 144 million in 2022.

Ballard offers PEM fuel-cell products for a wide range of applications through Heavy-Duty Mobility (including bus, truck, rail, and marine applications), Material Handling, and Stationary Power Generation segments. Ballard also provides engineering and technology transfer services through its Technology Solutions segment.

Since 2021, Ballard has been focusing on five strategic imperatives , through which it expects to invest in PEM fuel-cell technology, expand across the value chain to capture control points, reduce/remove barriers in adopting new technology, increase volume by capturing new markets, improve its position in key markets, and deliver a solid ESG proposition for its stakeholders. Ballard is also committed to achieve carbon neutrality by 2030.

HQ Location:
9000 Glenlyon Parkway British Columbia Burnaby BC CAN
Founded year:
Hydrogen Economy
Hydrogen Economy

EDGE Insights

Fuel Cells

Recent Updates

Apr 2, 2024
Ballard Power Systems awarded USD 54 million in tax credits and signs supply agreement with Solaris
Hydrogen Economy
Product updates
Jan 19, 2024
Ballard and Caterpillar demonstrate hydrogen fuel cells for Microsoft data center
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Dec 15, 2022
Gemini Motor partners with Chart Industries and Ballard Power to develop zero-emission class 8 fuel cell electric trucks
Truck Industry Tech
Management news
Oct 3, 2022
Ballard announces ‘local for local’ global manufacturing strategy
Hydrogen Economy
Sep 20, 2022
Quantron receives 140 fuel cell engines order and investment from Ballard
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