tiprankstipranks
Ballard Power signs new Long Term Supply Agreement with Canadian Pacific Kansas City
The Fly

Ballard Power signs new Long Term Supply Agreement with Canadian Pacific Kansas City

Ballard Power Systems (BLDP) announced the signing of a new Long Term Supply Agreement with Canadian Pacific Kansas City (CP), including the initial supply of 98 fuel cell engines for use in the North American freight rail market. Each engine has a nameplate of 200 kW, totaling approximately 20 megawatts of fuel cell power. Deliveries of all 98 engines are expected in 2025. The LTSA builds on an existing partnership between Ballard and CPKC, which started in 2021, and has included delivery of approximately 10 MW of fuel cell engines to date and the successful integration of Ballard fuel cell engines into hydrogen-powered locomotives for regular switching and freight service applications in Alberta, Canada. The fuel cell engines purchased from Ballard will support the expansion of CPKC’s hydrogen locomotive program.

Pick the best stocks and maximize your portfolio:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App