November 28, 2021

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Ballard Receives Preliminary Buy for Fuel Cell Modules to Electric power 15 Tata Motors Buses in India

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VANCOUVER, BC, July 8, 2021 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) these days introduced that it has acquired a purchase purchase for 15 of the Company’s 70-kilowatt (kW) FCmoveTM-Hd fuel mobile modules from Tata Motors (“Tata” www.tatamotors.com), headquartered in Mumbai, India, to ability 15 of Tata’s zero-emission Gasoline Mobile Electric Buses (FCEBs). Ballard designs to complete supply of all modules by 2022. The buses are prepared for deployment in Faridabad, the most significant city in the Countrywide Money Area of Delhi.

Ballard Electric power Methods Inc. Emblem (CNW Group/Ballard Ability Systems Inc.)

Tata Motors is a multinational firm and is element of Tata Team. It is India’s biggest maker of business autos and a main bus maker in India, with revenue of close to $35 billion.

The 15 buses will be provided by Tata to the Analysis & Development Centre of Indian Oil Corporation Minimal (IOCL). Tata and IOCL will jointly review the likely of fuel cell engineering for commercial motor vehicles, together with tests, servicing and procedure of the FCEBs in genuine-earth general public transport situations in India’s Nationwide Money Region. IOCL will also deliver and dispense the hydrogen gasoline to be applied by the Ballard modules in these buses.

“We are thrilled to be performing once more with Tata Motors on this floor-breaking possibility in India,” noted Rob Campbell, Ballard’s Chief Commercial Officer. “Ballard has unmatched expertise powering buses in operation in a lot of pieces of the world, where by we have shown business-leading general performance. We are keen to have interaction with the major professional auto producer in India, a market for which approximately 50,000 new buses are developed yearly.”

Mr. Campbell added, “The FCmoveTM products is Ballard’s 8th-generation engine for transit buses and displays large performance, simplified style and decreased expense from our prior technology solution. As usually, Ballard will operate intently with Tata to guarantee seamless integration of our engine into its FCEB design, alongside with the maximum amount of on-highway overall performance.”

India’s government and business are increasingly wanting at hydrogen – and specifically eco-friendly hydrogen made employing renewable vitality sources – as an substitute gasoline to beat pollution concentrations in the nation. This incorporates the National Money Area, exactly where winter season months see harmful stages of polluted air. Moreover, a new electrical power changeover coalition referred to as India H2 Alliance was lately formed by main sector players, with a emphasis on commercializing hydrogen systems and devices to create web-zero carbon pathways in India.

About Ballard Energy Methods
Ballard Electricity Systems’ (NASDAQ: BLDP TSX: BLDP) vision is to produce gasoline mobile electrical power for a sustainable planet. Ballard zero-emission PEM gasoline cells are enabling electrification of mobility, together with buses, industrial trucks, trains, marine vessels, passenger vehicles and forklift vans. To master much more about Ballard, remember to take a look at www.ballard.com.

This release is made up of forward-seeking statements concerning market place developments, predicted item performance and other features. These ahead-seeking statements replicate Ballard’s current anticipations as contemplated underneath part 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended. Any this sort of ahead-looking statements are centered on Ballard’s assumptions relating to its economic forecasts and anticipations concerning its product or service enhancement attempts, producing capability, and industry desire.

These statements include risks and uncertainties that may result in Ballard’s actual benefits to be materially distinctive, like common financial and regulatory adjustments, detrimental reliance on 3rd events, correctly accomplishing our enterprise designs and attaining and sustaining profitability. For a specific dialogue of these and other threat factors that could influence Ballard’s potential efficiency, be sure to refer to Ballard’s most new Annual Details Sort. Visitors really should not area undue reliance on Ballard’s forward-hunting statements and Ballard assumes no obligation to update or launch any revisions to these forward-looking statements, other than as essential underneath relevant laws.

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Source Ballard Electric power Systems Inc.

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