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Ballard Power Systems and Linamar announced that they will collaborate on developing fuel cell solutions for Class 1 and Class 2 light-duty vehicles in North America and Europe. The beginning of their partnership aims to develop a fuel cell powertrain based on Ballard providing the fuel cell subsystem and Linamar producing the chassis, enclosure, and other parts.
Ballard Power Systems announced consolidated financial results for the first quarter ended March 31, 2021 (all amounts are in U.S. dollars unless otherwise noted): Total revenue was $17.6 million in the quarter, a year-over-year decrease of 26% or $6.3 million, the result of lower Power Products and Technology Solutions revenue. Gross margin was 15% in […]
Ballard Power Systems announced the filing of a final short form base shelf prospectus (Prospectus), which provides the flexibility to make offerings of securities during the effective period of the Prospectus, until April 2023. The final short form base shelf prospectus has been filed further to the preliminary short form base shelf prospectus, which was previously announced […]
Ballard Power Systems Inc. has released its consolidated financial results for the fourth quarter and full year ended Dec. 31, 2020. Q4 2020 Financial Highlights (all comparisons are to Q4 2019 unless otherwise noted): — Total revenue was $28.6 million, a 32% year-over-year decrease. Power Products revenue was $15.0 million, a decrease of 41% primarily […]
Ballard Power Systems has received follow-on purchase orders from Wrightbus, a leading bus OEM and Ballard partner headquartered in Northern Ireland, for a total of 50 fuel cell modules to power fuel cell electric buses, planned for deployment in a number of United Kingdom cities. The busses will be partially financed under the JIVE (joint […]