Chart and Ballard Successfully Test a Fuel Cell Powered by Liquid Hydrogen
February 01 2022 - 7:00AM
Leveraging more than 90 years of combined hydrogen experience and
collaborating under the heavy-duty hydrogen fuel system joint
development MOU announced February 10, 2021, Chart Industries, Inc.
(“Chart”) (NYSE: GTLS) and Ballard Power Systems (“Ballard”)
(NASDAQ: BLDP; TSX: BLDP) have successfully tested a fuel cell
powered by liquid hydrogen. For the test, a Ballard FCmove™ -HD
fuel cell was paired with a Chart liquid onboard hydrogen (“HLH2”)
vehicle fuel system (functionally identical to the one displayed at
ACT Expo on September 1, 2021); this testing was conducted at
Chart’s hydrogen test facility in Minnesota, USA.
The demonstration confirms that heavy-duty
vehicles powered by Ballard fuel cells will be able to employ Chart
HLH2 vehicle fuel systems that utilize liquid hydrogen as a fuel.
Liquid hydrogen has a significant space, weight and range advantage
compared with gaseous hydrogen, allowing for up to double the range
without space claim and payload impacts, and simplified fueling
infrastructure for heavy-duty mobility applications such as class-8
trucks, buses, rail, and marine. This recent work builds upon
Chart’s previous fill, hold, and vaporization testing of the Chart
HLH2 vehicle fuel system, and long-established credentials in LNG
service for vehicle fuel systems (HLNG).
Building upon this success will be to identify
applications in which liquid hydrogen has the potential to unlock
long distance opportunities, such as truck, coach bus, off-road,
rail and marine. The products tested as part of the work to date
include Ballard’s FCmove™ and Chart’s LH2 tanks which would be
suitable for such applications. Chart and Ballard are working to
identify a demonstrator for the liquid hydrogen road testing which
is anticipated to occur over the coming few months.
About Chart Industries,
Inc.
Chart Industries, Inc. is a leading independent
global manufacturer of highly engineered equipment servicing
multiple applications in the Energy and Industrial Gas markets. Our
unique product portfolio is used in every phase of the liquid gas
supply chain, including upfront engineering, service and repair.
Being at the forefront of the clean energy transition, Chart is a
leading provider of technology, equipment and services related to
liquefied natural gas, hydrogen, biogas and CO2 Capture amongst
other applications. We are committed to excellence in
environmental, social and corporate governance (ESG) issues both
for our company as well as our customers. With over 25 global
locations from the United States to Asia, Australia, India, Europe
and South America, we maintain accountability and transparency to
our team members, suppliers, customers and communities. To learn
more, visit www.chartindustries.com.
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 and forklift trucks. To learn more about
Ballard, please visit www.ballard.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this press release
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning Chart and Ballard’s
business plans, including statements regarding objectives, future
orders, business trends, fuel cell technology growth opportunities
and the related commercialization opportunities using liquid
hydrogen fuel systems, and other information that is not historical
in nature. Forward-looking statements may be identified by
terminology such as "may," "will," "should," "could," "expects,"
"anticipates," "believes," "projects," "forecasts," “outlook,”
“guidance,” "continue," “target,” or the negative of such terms or
comparable terminology.
Forward-looking statements contained in this
press release or in other statements made by Chart and Ballard are
made based on management's expectations and beliefs concerning
future events impacting the collaborative business venture of the
two companies and are subject to uncertainties and factors relating
to the their respective operations and business environment, all of
which are difficult to predict and many of which are beyond either
company’s control, that could cause the actual results to differ
materially from those matters expressed or implied by
forward-looking statements. Factors that could cause the Chart and
Ballard’s actual results to differ materially from those described
in the forward-looking statements include: the ability of both
parties to successfully implement and commercialize the heavy-duty
hydrogen fuel system joint development; and market acceptance of
this fuel system and other clean energy product offerings;
continued volatility in raw materials and supply; and risks
relating to the outbreak and continued uncertainty associated with
the coronavirus (COVID-19) and the related disruptions to Chart and
Ballard’s operations. The parties undertake no obligation to update
or revise any forward-looking statement
Investor Relations Contact – Chart
Industries:
Wade Suki, CFADirector of Investor
Relations832-524-7489wade.suki@chartindustries.com
Investor Relations Contact – Ballard Power
Systems:
Kate CharltonVP Investor
Relations+1.604.453.3939Media@ballard.com Investors@ballard.com
Ballard Power Systems (NASDAQ:BLDP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ballard Power Systems (NASDAQ:BLDP)
Historical Stock Chart
From Apr 2023 to Apr 2024