VANCOUVER, BC and SEATTLE, June 1, 2023
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX:
BLDP) and global carbon reduction company First Mode today
announced a purchase order for Ballard to supply First Mode with 60
hydrogen fuel cell modules – totaling 6 megawatts – for delivery in
2024. The order represents an expansion of the relationship,
following the order of 35 modules year-to-date in 2023, to power
hybrid hydrogen and battery ultra-class mining haul trucks.
"The combination of hydrogen fuel cell and battery technology
has proven itself as a viable zero-emission alternative to diesel
in mine haulage," said Julian Soles,
CEO at First Mode. "We are excited to continue our partnership with
Ballard to help our customers achieve their emission targets
without sacrificing performance."
Ultra-class haul trucks have high payload and energy
requirements, while also needing to meet high uptime metrics to
maintain existing operating practices. Ballard's fuel cell modules
integrated into First Mode's nuGen™ solution deliver the duty cycle
performance mining operators require.
"We are thrilled to support our partner First Mode as they scale
the deployment of their mining haul truck platform," said
David Mucciacciaro, Ballard's Chief
Commercial Officer. "Amongst our verticals, mining-haul trucks
represent one of the most difficult to decarbonize use cases, and
therefore one of the most attractive segments for our fuel cell
products. We look forward to further demonstrating the
value-proposition of our products in heavy-duty applications as
additional First Mode vehicles enter service."
First Mode is working to scale production for the next
generation of the nuGen™ solution, including fuel cell and battery
powerplant and related infrastructure. First Mode has begun
integrating Ballard's fuel cells from the previously announced
orders and will continue to bring an increasing number of
zero-emission vehicles to the field with the order announced today.
The next several engines will be demonstrated at First Mode's
Proving Grounds in Centralia,
Washington, USA starting in 2024.
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 First Mode
First Mode is a global carbon reduction company developing
creative, clean energy solutions for heavy industry's toughest
problems. We started by removing the diesel engine from a colossal
mining truck and replacing it with a hybrid hydrogen and battery
powerplant. A world-first, and the world's largest. But we're not
stopping there. We are also working on providing critical mine site
infrastructure for hydrogen production, battery recharging, and
hydrogen refueling. Today, we're starting at the source, the mining
industry, and tomorrow the larger supply chain, to completely
eliminate the use of diesel and speed the clean energy transition.
www.firstmode.com
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SOURCE Ballard Power Systems Inc.