VANCOUVER, BC and ATLANTA, Feb. 1,
2022 /CNW/ - 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, Ballard Power Systems
("Ballard") (NASDAQ: BLDP) (TSX: BLDP) and Chart Industries, Inc.
("Chart") (NYSE: GTLS) 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.
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 liquid hydrogen tanks which
would be suitable for such applications. Chart and Ballard will
work to identify a potential demonstrator for liquid hydrogen road
testing over the coming months.
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.
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
FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements concerning the
development and delivery of fuel cell products and Chart's use of
such products, and the benefits and anticipated market adoption of
them by Chart and others. 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 statements
are based on Ballard's assumptions relating to its financial
forecasts and expectations regarding its product development
efforts, manufacturing capacity, and market demand. For a detailed
discussion of the factors and assumptions that these statements are
based upon, and factors that could cause our actual results or
outcomes to differ materially, please refer to Ballard's most
recent management discussion & analysis. Other risks and
uncertainties that may cause Ballard's actual results to be
materially different include 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. These
forward-looking statements are provided to enable external
stakeholders to understand Ballard's expectations as at the date of
this release and may not be appropriate for other purposes. Readers
should not place undue reliance on these statements and Ballard
assumes no obligation to update or release any revisions to them,
other than as required under applicable legislation.
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SOURCE Ballard Power Systems Inc.