VANCOUVER, BC and HOBRO,
Denmark, April 6, 2022 /CNW/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) today announced it has received
Europe's industry first Type
Approval by DNV, one of the world's leading classification
and certification bodies, for its marine fuel cell
module FCwave™.
The Type Approval marks an important step in commercializing
Ballard's fuel cell technology for marine applications and is key
to including fuel cells as part of zero-emission solutions for the
marine industry. The Type Approval process is extensive, involving
a series of simulations and tests which were carried out at
Ballard's global Marine Center of Excellence in Hobro, Denmark, where the FCwave™ is developed and
manufactured.
"The new classification of FCwave™ has removed a
significant roadblock in helping the marine industry deploy
zero-emission technologies and meet global emission reduction
targets," says Søren Østergaard Hansen, General Manager, Marine,
Ballard Power Systems Europe A/S. "The Type Approval from DNV is
highly important in building market confidence in hydrogen fuel
cells and validates that FCwave™ is designed, tested and
prepared for installation. The Type Approved FCwave™ module
enables us to deliver the first deployment-ready fuel cell
solution, capable of helping the marine sector take the next steps
in implementing zero-emission operations."
The International Maritime Organization has set ambitious
targets to cut GHG emissions from ships by at least 50% by 2050.
The high-power FCwave™ module is a flexible solution that can
support the energy needs of various vessel types as well as onshore
power. The scalable 200kW power module offers a plug-and-play
replacement for conventional diesel engines. The Type Approval
certification confirms the design meets the stringent safety,
functional, design and documentation requirements necessary for
global marine commercialization.
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.
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.