VANCOUVER, BC and MUNICH, Sept. 22,
2022 /PRNewswire/ - Ballard Power Systems (NASDAQ:
BLDP) (TSX: BLDP) today announced an order for 14 x 200 kW fuel
cell modules from Siemens Mobility GmbH ("Siemens Mobility";
www.mobility.siemens.com), a leading supplier in the development of
alternative drives, to power a fleet of seven Mireo Plus H
passenger trains. Delivery of the 14 fuel cell modules is expected
to start in 2023 with the fleet planned to be in service in
Berlin-Brandenburg region in late
2024.
In addition to the initial order of 14 fuel cell modules,
Siemens Mobility also signed a letter of intent with Ballard for
the supply of 200 fuel cell modules totaling 40 MW over the next
six years, including a firm commitment on 100 of the fuel cell
modules totaling 20MW. The modules will be used for Siemen's Mireo
Plus H trains.
"This is a significant milestone for our multi-year
collaboration efforts with Siemens Mobility and the future of
zero-emission commuter rail in Europe. Our fuel cell technology is an ideal
solution to support the heavy payload, long range and rapid
refueling requirements of Siemen Mobility's passenger train fleet.
We look forward to our continued collaboration and are excited for
the opportunity to support the Berlin and Brandenburg region's first hydrogen
powered rail network," said David
Mucciacciaro, Ballard Chief Commercial Officer. "We will
continue our work to secure platform wins with key partners in our
core verticals and to support their scaling plans to achieve
decarbonization."
"We can only meet climate change targets by increasing rail
transportation. Our first order for a fleet of hydrogen-powered
trains will enable emission-free rail transport on non-electrified
routes in Germany," said
Jochen Steinbauer, Platform Director
H2 Technologies at Siemens Mobility. "Our Mireo Plus H
is a next-generation hydrogen train, featuring longer range, faster
acceleration and state-of-the-art technologies, setting new
standards in zero-emission passenger transport."
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.
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SOURCE Ballard Power Systems Inc.