Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
October 10 2023 - 8:57AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
Commission
File Number: 000-53543
Ballard
Power Systems Inc.
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(Translation
of registrant’s name into English) |
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9000
Glenlyon Parkway
Burnaby, BC
V5J 5J8
Canada |
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(Address of principal executive office) |
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Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
☐
Form 20-F ☒ Form 40-F |
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SIGNATURES
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Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized. |
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Ballard Power Systems Inc. |
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Date: October 10, 2023 |
By: |
/s/
Paul Dobson
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Name: |
Paul Dobson |
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Title: |
Chief Financial Officer |
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EXHIBIT INDEX
Exhibit 99.1
Ballard announces orders for over 170 hydrogen
fuel cell engines to power Solaris buses in Europe
VANCOUVER, BC and BOLECHOWO, Poland, Oct. 10, 2023
/CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced multiple purchase orders totaling 177 hydrogen fuel cell
engines from long-standing customer Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus
manufacturer deploying hydrogen-powered city buses across the continent. Ballard expects limited initial deliveries of the 177 fuel cell
engines in 2023, with the remainder to ship from 2024 through 2026.
The orders include the supply of fuel cell engines
to support the largest announced deployment of a fleet of fuel cell city buses in Europe, with 127 Solaris fuel cell buses to be deployed
in Bologna, Italy. Ballard also received orders for a further 50 modules to power Solaris fuel cell buses in Germany and Italy. The
number of engines ordered by Solaris year-to-date now exceeds 270, representing substantial growth over the more than 140 fuel cell city
buses that Solaris has deployed with customers in Europe to date.
"We're thrilled to see the continued success
of our partner Solaris as they secure tender wins for fuel cell city bus deployments in Europe, further validating the value proposition
of hydrogen-fueled buses to transit operators in the region," said David Mucciacciaro, Ballard Chief Commercial Officer. "There
is growing interest in Europe for larger deployments of zero-emission, fuel cell electric buses that offer range, refueling time, and
operating rhythm consistent with legacy diesel bus experience, while also avoiding the challenges and costs associated with scaling recharging
infrastructure for larger fleets of battery electric buses."
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 deliveries, customer deployments, and market adoption. 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-announces-orders-for-over-170-hydrogen-fuel-cell-engines-to-power-solaris-buses-in-europe-301951525.html
SOURCE Ballard Power Systems Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2023/10/c0436.html
%CIK: 0001453015
For further information: Ballard Power Systems: Kate Charlton - VP
Corporate Finance & Investor Relations, +1.604.453.3939 or investors@ballard.com
CO: Ballard Power Systems Inc.
CNW 08:30e 10-OCT-23
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