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 June 2024
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: June 18, 2024 |
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 and Vertiv announce strategic technology
partnership to support alternative energy usage for data centers
VANCOUVER, BC and WESTERVILLE, Ohio, June 18, 2024
/CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Vertiv (NYSE: VRT), a global provider of critical digital infrastructure
and continuity solutions, have entered into a strategic technology partnership with a focus on backup power applications for data centres
and critical infrastructures, scalable from 200kW to multiple MWs.
Collaborating to demonstrate the technical feasibility
and customer benefits of hydrogen-powered fuel cell solutions, Vertiv has integrated Ballard fuel cell power modules with Vertiv™
Liebert® EXL S1 uninterruptible power system (UPS) within a successfully demonstrated proof of concept (POC) at Vertiv's facility
in Ohio.
"As the soaring increase in data usage is driving
up power demand and expansion of data centre capacity globally, the need to effectively manage electricity consumption and the carbon
footprint of this energy-intensive sector is critical to achieve net-zero targets," said Nicolas Pocard, Vice President Marketing
and Strategic Partnerships, Ballard. "Ballard and Vertiv's strategic partnership enables both parties to leverage our respective
strengths to offer cost-effective, zero greenhouse gas (GHG) emission fuel cell back-up power solutions that are scalable to meet data
centres growing power demands."
Based on industry-ready components, Vertiv's demonstrated
Power Module H2 solution at their Delaware, Ohio facility integrates two Ballard PowerGen 200kW fuel cell cabinets, which power the fully
functional decarbonized backup system. The solution encompasses a complete cooling sub-system, power conditioning equipment and hydrogen
storage infrastructure integrated with Vertiv™ HPL Lithium-Ion batteries, Liebert® EXL S1 UPS system and the Vertiv™ DynaFlex
Energy Management Controller. The Power Module H2 solution is part of the 1 MW Vertiv Customer Experience Center microgrid solution including
a 1MW AC Solar PV array and Vertiv™ DynaFlex Battery Energy Storage System (BESS).
Initial validations and tests have demonstrated successful
operation of zero GHG emission backup power integrated into an uninterruptible power architecture.
"The unprecedented adoption of artificial intelligence
(AI) and high-performance computing (HPC) are driving a need for eco-friendly power solutions for our customers, with a focus on zero-carbon
and low-carbon energy alternatives," said Viktor Petik, Vice President of Vertiv Infrastructure Solutions. "The successful fuel
cell proof-of-concept with Ballard provides a viable option for customers strengthening their data center sustainability strategy, and
those moving to a future-ready Bring Your Own Power (BYOP) model."
Vertiv's Power Module H2 is an alternative for meeting
escalating energy demands of future data centres and zero GHG emission backup power generation. The prefabricated and factory tested system,
provides a rapidly deployable and scalable power infrastructure for new data centres as well as the capability of retrofitting existing
sites without redesign of the electrical infrastructure.
With a geographic focus on North America, Europe and
selected opportunities in other geographies, the Vertiv Power Module H2 solution offers several advantages for critical infrastructure
applications:
- Single-supplied complex power
infrastructure
- Zero GHG emission and low
noise backup power generation
- Rapid Dynamic power response
- Low maintenance compared to diesel
generator backup solutions
- Extended backup (days) –
limited only by fuel storage capacity
- Optimized footprint for MW scale
applications
- Scalable in multi-MW UPS and
Fuel Cell applications
The Vertiv Power Module H2 solution broadens the Vertiv
power portfolio and is an innovative contribution to the recently revealed the "One Vertiv, One World" plan, part of Vertiv's
responsible business strategy to enable a more sustainable future.
Vertiv and Ballard's teams will demonstrate and discuss
fuel cell powered standby power applications for data centers and critical infrastructures at Smarter E Europe 2024, Europe's largest
alliance of exhibitions for the energy industry, including Intersolar Europe, ees Europe, Power2Drive Europe, and EM-Power Europe. The
companies will be at exhibition area B2, Booth B2 436, from 19-21 June.
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
the performance of the Power Module H2 solution, its uses, and customer benefits. 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.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software,
analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their
business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial
facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of
the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the
latest news and content from Vertiv, visit Vertiv.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-and-vertiv-announce-strategic-technology-partnership-to-support-alternative-energy-usage-for-data-centers-302175159.html
SOURCE Ballard Power Systems Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2024/18/c3411.html
%CIK: 0001453015
For further information: Further Information: Kate Igbalode, +1.604.453.3939,
investors@ballard.com
CO: Ballard Power Systems Inc.
CNW 08:30e 18-JUN-24
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