Ballard Power Systems ( (TSE:BLDP) ) just unveiled an announcement.
Ballard Power Systems has announced a multi-year supply agreement with Manufacturing Commercial Vehicles (MCV) in Egypt for approximately 5 MW of fuel cell engines. This agreement, which includes an initial order of 35 units out of a total of 50 FCmove-HD+ engines, marks a significant step in Ballard’s ongoing relationship with MCV and supports projects in the EU. The order is part of Ballard’s broader strategy to decarbonize public transit globally, building on their success of powering over 1,800 fuel cell buses worldwide. This move is expected to further solidify Ballard’s position in the growing fuel cell bus market.
More about Ballard Power Systems
Ballard Power Systems is a company focused on delivering zero-emission PEM fuel cells for the electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. Their vision is to provide fuel cell power for a sustainable planet.
YTD Price Performance: -33.15%
Average Trading Volume: 9,585,941
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $363M
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