VANCOUVER, May 14, 2013 /CNW/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) announced today that it anticipates powering
approximately 40 of the 50 zero emission fuel cell buses used in public
transit revenue service on European roads in 2014.
By 2014 Ballard will be powering 27 fuel cell buses manufactured by
partner Van Hool NV, Europe's fourth largest bus OEM. The Van Hool
buses will be operating in such cities as: Oslo, Norway (5 buses);
Cologne, Germany (2); San Remo, Italy (5); Flanders, Belgium (5); and
Aberdeen, Scotland (10). Aberdeen's 10-bus fleet will be the second
largest in the world, next to the 20-bus fleet that has been operating
in Whistler, Canada since 2010.
The 40 Ballard-powered buses in Europe will be using the Company's
latest-generation 75 & 150 kilowatt FCvelocity®-HD6 modules, based on zero emission technology that provides reliable power while
emitting only water and heat.
Dr. Christopher Guzy, Ballard's Chief Technology Officer said, "Our fuel
cell power module has proven to be highly reliable in a large number of
buses in Europe and elsewhere. And, since fuel cells are a zero
emission solution, this has made the Ballard module an increasingly
popular choice of transit authorities as an alternative power
Over the last several years fuel cell products for the bus market have
moved beyond the "lab" and into limited revenue service with a number
of transit authorities in Europe and other parts of the world, notably
North America. Since 2003, fuel cell hybrid buses in Europe have logged
more than 1.9 million miles (3 million kilometers) in revenue service.
Ballard has also worked with other OEM's to integrate its fuel cell
modules into buses operating in additional European cities, including:
London, U.K. (5); Amsterdam, Netherlands (2); and Cologne, Germany (2).
Together with reductions in fuel cell bus costs, a major enabler for
relatively large-scale fuel cell bus demonstrations in Europe has been
- and continues to be - the European Union (EU) "Joint Technology
Initiative" (JTI) funding program. JTI earmarks funding for clean
energy public transportation alternatives and, in combination with
national, regional and municipal funds, has encouraged deployment of
fuel cell-powered buses in numerous European centers.
Ballard is currently working to further commercialize its FCvelocity™-HD
power modules - with funding support from Sustainable Development
Technology Canada (SDTC) - through improvements in durability and
reliability, as well as cost reduction. Expanded fuel cell bus
deployments are also expected to generate technology enhancements for
vehicles and fueling infrastructure, including improvements in
well-to-wheel performance and significant reductions in lifecycle cost
and purchase price.
About Ballard Power Systems
Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) provides clean energy
fuel cell products enabling optimized power systems for a range of
applications. Products deliver incomparable performance, durability and
versatility. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning product
deployments and development activities. These forward-looking
statements reflect Ballard's current expectations as contemplated under
section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Ballard's assumptions relating
to its financial forecasts and expectations regarding its product
development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause
Ballard's actual results to be materially different, including general
economic and regulatory changes, detrimental reliance on third parties,
successfully achieving our business plans and achieving and sustaining
profitability. For a detailed discussion of these and other risk
factors that could affect Ballard's future performance, please refer to
Ballard's most recent Annual Information Form. Readers should not place
undue reliance on Ballard's forward-looking statements and Ballard
assumes no obligation to update or release any revisions to these
forward looking statements, other than as required under applicable
Image with caption: "Van Hool bus powered by Ballard FCvelocity(TM)-HD6 fuel cell module (CNW Group/Ballard Power Systems Inc.)". Image available at: http://photos.newswire.ca/images/download/20130514_C6886_PHOTO_EN_26704.jpg
SOURCE: Ballard Power Systems Inc.
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