VANCOUVER, BC and BUSSNANG, Switzerland, Sept. 26,
2022 /CNW/ - Ballard Power Systems (NASDAQ:
BLDP) (TSX: BLDP) today announced an order from Stadler Rail AG
("Stadler"; www.stadlerrail.com), a leading manufacturer of rolling
stock, for the supply of six 100 kW FCmoveTM-HD+ fuel
cell engines to power the first hydrogen train in the United States.
The contract to provide the hydrogen-powered train was awarded
to Stadler by San Bernardino County Transportation Authority
(SBCTA), with the option of additional trains in the future. The
train is expected to be in service in San
Bernardino, California in 2024 and will seat over 100
passengers.
"We continue to see the critical role hydrogen will play in
decarbonizing our economy. We are excited to work with Stadler, a
global industry leader in rail manufacturing, to reduce emissions
in the transportation sector and bring the first hydrogen powered,
zero emission passenger train to the
United States," said Randy
MacEwen, Ballard CEO.
Martin Ritter, CEO of Stadler US
commented, "Stadler is committed to designing and building green
technology for the transportation industry. We are delighted to
work alongside innovative organizations, like SBCTA and
Ballard, that share our enthusiasm
to reduce emissions in the sector. It is a great honor to be a part
of bringing the first hydrogen-powered train to the United States."
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 Rail
Stadler has been building trains for 80 years. The provider of
mobility solutions in rail vehicle construction, service and
signaling technology has its headquarters in Bussnang, eastern
Switzerland. It has a workforce of
over 13,000 based in various production and engineering locations
as well as more than 70 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.