VANCOUVER, BC, July 27,
2023 /CNW/ - Ballard Power Systems (NASDAQ:
BLDP) (TSX: BLDP) announced today it received an order for
additional fuel cell engines from Canadian Pacific Kansas City
("CPKC"; TSX: CP; NYSE: CP). These eighteen, 200 kW fuel cell
engines are planned for delivery in 2023 and will support the
expansion of CPKC's Hydrogen Locomotive Program.
Over the past two years, Ballard has supplied CPKC with 20 fuel
cell engines for use in three different types of locomotives, with
combined fuel cell power of 4MW. These locomotives have been
undergoing field testing in 2022 and early 2023 with successful
tests, proving the capabilities of Ballard's hydrogen fuel cell
technology in locomotive applications. Further development on range
across temperature variations, heavy hauling, fine tuning auxiliary
load to avoid waste, increased number of hours on current and
additional units will support continued technological evolution.
The success of these trials, combined with the need to achieve
CPKC's emissions goals, has resulted in the significant expansion
of the original hydrogen locomotive program.
"Our hydrogen locomotive program has the potential to
significantly reduce greenhouse gas emissions from locomotive
operations, supporting the transition to a lower-carbon future in
the freight rail sector," said Dr. Kyle
Mulligan, AVP Operations Technology. "We are excited to
expand development of these pioneering zero-emission locomotives
with collaborators like Ballard."
"We are thrilled to support our partner, CPKC, as they expand
their development of fuel cell-powered locomotives to decarbonize
critical transportation routes," said Seungsoo Jung, Ballard's Vice President of Rail
& Emerging Markets. "Our teams have been working hand-in-hand
to ensure success of this program and we are excited for the future
with CPKC to help scale their growing hydrogen fleet."
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.