VANCOUVER, BC and HOBRO,
Denmark, Dec. 14, 2020 /PRNewswire/ - Ballard Power
Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has
signed a collaboration agreement with Eltek Nordic (www.eltek.com)
– a power conversion company headquartered in Drammen, Norway and part of Delta, a global leader in
power electronics, automation and infrastructure – to provide
reliable backup power solutions for telecom networks and other
critical communication infrastructure, with a focus on Nordic
countries, primarily Norway,
Denmark and Iceland. The collaboration announced today
will utilize Ballard's FCgen®-H2PM fuel cell backup
power system.
Ballard and Eltek have a long-standing commercial relationship,
having sourced products from each other for a number of years. The
companies recently collaborated on a project at Trollstigen in the
mountains of Norway, installing an
off-grid power solution that integrates solar, wind, fuel cells,
and batteries to ensure continuous operation and connectivity of a
remote telecom network site.
Jesper Themsen, President and CEO of Ballard Power Systems
Europe A/S said, "Telecom and critical communication infrastructure
require a highly reliable power supply, including backup power
capability in the event of grid outages. With Ballard's history and
expertise in fuel cell backup power systems, we are delighted to
enter into this collaboration agreement with Eltek Nordic, a
leading global power solutions provider, for delivery of
zero-emission backup power systems to ensure uninterrupted power
supply for telecom and other networks."
Ulf Ellingsen, Sales Director for
Eltek Nordic noted, "Eltek Nordic delivers integrated power
solutions for telecom and other critical communications
infrastructure, all built around our core power conversion
technology. Since hydrogen fuel cells offer a strong value
proposition for backup power requirements, we are very pleased to
collaborate with Ballard, the leader in PEM fuel cell products.
And, with its subsidiary operation in Denmark, Ballard will be virtually local to
Eltek projects in Norway,
Denmark and Iceland."
As providers of extensive fiber broadband networks for
telecommunications services, Nordic countries require reliable
backup power systems that ensure continuous connectivity, even in
the event of grid failures. Ballard's hydrogen fueled 1.7 kilowatt
(kW) and 5kW FCgen®-H2PM backup power systems provide
low cost, flexibility and high reliability:
- Low cost – Competitive total cost of ownership is
underpinned by an extensive 15-year product lifetime.
- Flexibility – Modular design ensures a fit with various
site configurations and scalability supports power requirements up
to 60kW's and beyond.
- No risk – High reliability in excess of 99%, tolerance
to a wide range of temperatures (from -40oC to
+46oC), and an intelligent architecture with predictive
maintenance system and automated self-testing design for deployment
in unmanned locations.
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, passenger cars and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated outcome of the announced collaboration and the customer
value proposition for our products. 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.
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SOURCE Ballard Power Systems Inc.