Ballard Power Systems

Ballard announces $54 million of additional funding support, bringing total U.S. federal funding to $94 million for Ballard's fuel cell Gigafactory in Texas

Retrieved on: 
Monday, April 1, 2024
IRA, Documentation, Growth, Ballard Power Systems, Transport, Policy, TSX, Inflation, DOE, Renewable energy

Ballard plans to use the $54 million in tax credits to support the build-out of a new fuel cell Gigafactory in Rockwall, Texas.

Key Points: 
  • Ballard plans to use the $54 million in tax credits to support the build-out of a new fuel cell Gigafactory in Rockwall, Texas.
  • "Ballard sits at the convergence of the megatrends of decarbonization, energy security, and technology change, with highly disruptive and proven zero-emission fuel cell products," said Randy MacEwen, Ballard's President & Chief Executive Officer.
  • Ballard Rockwall Giga 1 is planned to be located on a parcel of 22 acres of industrial land within the Rockwall Technology Park in Rockwall, Texas.
  • Ballard expects to make a final investment decision on this facility later in 2024, pending completion of customary conditions, including necessary approvals and definitive documentation.

Two Decades Post-IPO, Weichai Power's Market Value Soars 30-Fold, Distributing RMB 28 Billion in Dividends

Retrieved on: 
Tuesday, March 26, 2024
Annual report, Baudouin of Belgium, Attention, Linde Hydraulics, PSI, Ballard Power Systems, VDS, RMB, Partnership, CVT, Acquisition, Shenzhen Stock Exchange, Creativity, Weichai Power, KION Group

WEIFANG, China, March 26, 2024 /PRNewswire/ -- Weichai Power Co., Ltd. (2338.HK, 000338.SZ), in its latest annual report released on March 26, unveiled significant financial achievements for the year 2023. The company recorded revenue of RMB 213.96 billion, a notable increase of 22.2% compared to the previous year. Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04. 

Key Points: 
  • Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
  • From 2004 to 2023, revenue surged from RMB 6.2 billion to RMB 214 billion, reflecting a thirty-threefold increase.
  • The company's total market value has exceeded RMB 140 billion, a 30-fold increase since its listing.
  • Weichai Power has witnessed exceptional market value growth, surpassing 40 times its initial listing value.

Two Decades Post-IPO, Weichai Power's Market Value Soars 30-Fold, Distributing RMB 28 Billion in Dividends

Retrieved on: 
Tuesday, March 26, 2024
Annual report, Baudouin of Belgium, Attention, Linde Hydraulics, PSI, Ballard Power Systems, VDS, RMB, Partnership, CVT, Acquisition, Shenzhen Stock Exchange, Creativity, Multimedia, Weichai Power, KION Group

WEIFANG, China, March 26, 2024 /PRNewswire/ -- Weichai Power Co., Ltd. (2338.HK, 000338.SZ), in its latest annual report released on March 26, unveiled significant financial achievements for the year 2023. The company recorded revenue of RMB 213.96 billion, a notable increase of 22.2% compared to the previous year. Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.

Key Points: 
  • Net profit attributable to shareholders surged by 83.8% to RMB 9.01 billion, while basic earnings per share jumped 84.5% to RMB 1.04.
  • From 2004 to 2023, revenue surged from RMB 6.2 billion to RMB 214 billion, reflecting a thirty-threefold increase.
  • The company's total market value has exceeded RMB 140 billion, a 30-fold increase since its listing.
  • Weichai Power has witnessed exceptional market value growth, surpassing 40 times its initial listing value.

Ballard announces $40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas

Retrieved on: 
Thursday, March 14, 2024
Hydrogen, Growth, Ballard Power Systems, Environment, State, Acquisition, PEM, TSX, Recycling, DOE, Renewable energy

The grants will support Ballard's construction and build-out of an integrated fuel cell production Gigafactory based in Rockwall, Texas.

Key Points: 
  • The grants will support Ballard's construction and build-out of an integrated fuel cell production Gigafactory based in Rockwall, Texas.
  • The land acquisition rights and facility design provide Ballard with optionality for additional future phases at the Rockwall site.
  • Future phases are expected to further increase production scaling and capacity expansion with much lower capital requirements.
  • Ballard has also received considerable support from the Rockwall Economic Development Corporation (REDC), which owns and manages the Rockwall Technology Park.

Ballard Reports Q4 2023 Results

Retrieved on: 
Monday, March 11, 2024
Growth, Environment, International, International Financial Reporting Standards, Research, Public expenditure, Order book, TSX, Investment, Ballard Power Systems, Market, Video game

VANCOUVER, BC, March 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2023.

Key Points: 
  • VANCOUVER, BC, March 11, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2023.
  • We also booked $64.7 million of new orders in Q4, resulting in a product-based Order Backlog now 15% higher than the same period last year."
  • Cash operating costs in Q4 were roughly flat compared to the prior year, while total operating costs and capital expenditures for the full year were in line with our 2023 guidance ranges.
  • The 12-month Order Book was $66.6 million at end-Q4, a decrease of $6.1 million or approximately 8% from the end of Q3 2023.

Automotive Fuel Cell Market worth $2.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 12, 2024
FCEV, Fuel cell, Plug Power, Warrego, B cell, Membrane electrode assembly, Partnership, FC, Solaris Bus & Coach, Transport, Growth, ZeroAvia, Overalls, Ballard Power Systems, Vacuum breaker, Ford, Toyota, MEA, Electricity, Amazon, AC, ITM Power

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.

Key Points: 
  • Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.
  • The fuel cell stack, a crucial fuel cell system component, consists of two flow field plates and a Membrane Electrode Assembly (MEA).
  • The fuel cell stack is considered the fuel cell system's most expensive component due to platinum's inclusion.
  • In October 2023, a 50kW fuel cell module (FC module) was developed by Toyota Motor, representing a compact fuel cell (FC) system.

Automotive Fuel Cell Market worth $2.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 12, 2024
FCEV, Fuel cell, Plug Power, Warrego, B cell, Membrane electrode assembly, Partnership, FC, Solaris Bus & Coach, Transport, Growth, ZeroAvia, Overalls, Ballard Power Systems, Vacuum breaker, Ford, Toyota, MEA, Electricity, Amazon, AC, ITM Power

Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.

Key Points: 
  • Fuel Cell Hybrid Electric Vehicles (FCHEVs) have emerged as a promising solution in the automotive fuel cell industry , embodying a harmonious integration of fuel cell technology and secondary energy storage systems.
  • The fuel cell stack, a crucial fuel cell system component, consists of two flow field plates and a Membrane Electrode Assembly (MEA).
  • The fuel cell stack is considered the fuel cell system's most expensive component due to platinum's inclusion.
  • In October 2023, a 50kW fuel cell module (FC module) was developed by Toyota Motor, representing a compact fuel cell (FC) system.

Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 26, 2024
LFP, School, New Flyer Xcelsior, Daimler, Traction, EPA, VTA, Chemistry, City, Proterra, Policy, Ballard Power Systems, Government, NMC, Travel, Hyundai, USD, EV, FTA, Transport, Hyundai Motor Company

Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.

Key Points: 
  • Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.
  • They offer a 300-500 km range and have shorter refueling time than diesel or electric mid- & large buses.
  • It is the 3rd largest electric mid- & large bus market, running behind Asia Pacific and Europe.
  • More than 50% of the electric mid- & large bus in North America are City/Transit buses, followed by School buses.

Electric Mid- and Large (9-14m) Bus Market worth 171,000 units by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, January 26, 2024
LFP, School, New Flyer Xcelsior, Daimler, Traction, EPA, VTA, Chemistry, City, Proterra, Policy, Ballard Power Systems, Government, NMC, Travel, Hyundai, USD, EV, FTA, Transport, Hyundai Motor Company

Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.

Key Points: 
  • Fuel cell electric mid- & large buses are gaining traction as an eco-friendly alternative in public transportation.
  • They offer a 300-500 km range and have shorter refueling time than diesel or electric mid- & large buses.
  • It is the 3rd largest electric mid- & large bus market, running behind Asia Pacific and Europe.
  • More than 50% of the electric mid- & large bus in North America are City/Transit buses, followed by School buses.

Ballard announces new Long-Term Supply Agreement with NFI and purchase order for 100 fuel cell engines for bus deployments in North America

Retrieved on: 
Wednesday, January 3, 2024
Partnership, NFI, Ford Torino engine specifications, Engineering, LTSA, MB, Growth, TSX, Transport, MCI, Ballard Power Systems, Airline

The agreement marks a new phase in the established partnership between Ballard and NFI, focused on deployment-level volumes of fuel cell powered buses across all of NFI's major brands including New Flyer, Alexander Dennis, and MCI.

Key Points: 
  • The agreement marks a new phase in the established partnership between Ballard and NFI, focused on deployment-level volumes of fuel cell powered buses across all of NFI's major brands including New Flyer, Alexander Dennis, and MCI.
  • As part of the LTSA, NFI has placed its first purchase order under the agreement for a minimum of 100 FCmove®-HD+ modules for planned delivery in 2024.
  • "This agreement is the next step in our multi-decade partnership with Ballard and a key component in advancing our leading fuel cell bus offerings," said David White, Executive Vice President, Supply Management, NFI.
  • With growing demand for fuel cell buses, we are excited to continue this partnership as we drive the transition to zero-emission transportation."