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Climate Tech

Ballard Power Lands Largest Hydrogen Fuel Cell Engine Purchase Ever

April 1, 2024
•
x min read
Ballard Power Lands Largest Hydrogen Fuel Cell Engine Purchase Ever

Hydrogen fuel cell powered buses might be the future of public transportation.

‍What’s happening:‍

  • Ballard Power (NASDAQ: BLDP) has announced a new purchase agreement with European bus manufacturer Solaris to supply them with 1,000 hydrogen fuel cell engines

Why it matters:‍

  • This is the single largest purchase of fuel cell engines Ballard Power has ever received since the inception of the company
  • Hydrogen fuel cell engines for buses represents one of the most seamless ways to decarbonize public transportation away from fossil fuel powered vehicles

By the numbers:‍

  • Solaris plans to use the new fuel cell engines to operate buses in 22 different countries across Europe

Market reaction:‍

  • Shares of Ballard Power jumped +17% after the announcement

Going deeper:‍

‍

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