VANCOUVER, BC and HOBRO, Denmark, Sept. 8,
2020 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX:
BLDP) today announced the launch of the fuel cell industry's
first module designed for primary propulsion power in marine
vessels. Ballard's FCwaveTM fuel cell product is a
200-kilowatt (kW) modular unit that can be scaled in series up to
the multi-megawatt (MW) power level.
The FCwaveTM product provides primary propulsion
power for marine vessels – such as passenger and car ferries, river
push boats, and fishing boats – as well as stationary electrical
power to support hotel and auxiliary loads on cruise ships and
other vessels while docked at port (also known as 'cold
ironing').
Rob Campbell, Ballard Chief
Commercial Officer said, "Ballard is focused on Heavy- and
Medium-Duty Motive applications, particularly where requirements
include heavy payload, extended range and rapid refueling. This is
a sweet spot for our fuel cell value proposition, which is backed
up by more than 50 million kilometers of operational experience in
thousands of vehicles. These same requirements underpin use cases
in the maritime industry, resulting in a significant addressable
market opportunity that can be effectively addressed by our new
FCwaveTM product. Global efforts to decarbonize
include commercial maritime activities, where Ballard intends to
build on our leading position in zero-emission fuel cell
solutions."
Jesper Themsen, CEO of Ballard Power Systems Europe A/S noted,
"The United Nations International Maritime Organization, or IMO,
has set aggressive targets for reduction of CO2
emissions in the marine sector, including 50% lower emissions by
2050. At Ballard we have recognized this important market
opportunity, launching a Marine Center of Excellence at our Hobro,
Denmark facility this year. Our
Marine Center of Excellence will focus on engineering,
manufacturing and servicing the developing marine market with our
FCwaveTM product."
Fuel cells provide a zero-emission solution for the reduction of
carbon emissions in marine vessels. Ballard's
FCwaveTM product was designed to leverage the
Company's technology and critical components already proven in
existing product applications to ensure that it can withstand the
rigors of marine applications while meeting all performance and
safety requirements.
FCwaveTM offers compelling benefits to maritime
customers, including:
- Industry-leading durability, with greater than 30,000 hours
expected operating lifetime;
- High system efficiency >55%;
- Light weight at 4.4 kilograms/kW;
- Flexibility through modular components for scalable power;
- Extended range, limited only by the volume of hydrogen fuel
stored onboard;
- Reliable performance;
- Safe operation; and
- Proven service model.
The company is currently engaged in the Type Approval process
with DNV-GL, an international accredited registrar and
classification society headquartered in Norway.
Ballard will be showcasing the FCwave™ fuel cell module during
an online event, taking place on September
10th at 15:00 CET.
Sign up for the event and join us live as we introduce the latest
in zero-emission propulsion for marine vessels.
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, forklift trucks and
UAVs. To learn more about Ballard, please visit
www.ballard.com.
This release contains forward-looking statements concerning
anticipated market developments, performance benefits and demand
for our products, and anticipated revenue growth. 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.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. The Ballard
Common Shares have not been registered under the United States
Securities Act of 1933, as amended, or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
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SOURCE Ballard Power Systems Inc.