VANCOUVER, BC and HOBRO, Denmark, Oct. 12,
2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)
(TSX: BLDP) today announced that the Company has signed an
Equipment Supply Agreement to provide 8 of its 70-kilowatt
FCmoveTM-HD fuel cell modules to Talgo S.A. (Talgo;
www.talgo.com) – a leader in the design, manufacture, and
maintenance of high-speed light rail trains, headquartered in
Madrid, Spain – for trials of its
Talgo Vittal-One commuter and regional passenger train. Talgo plans
to conduct their demonstration in early 2022 in Spain, with expected commercialization in
2023.
Talgo has an industrial presence in Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi
Arabia and the U.S., and is recognized worldwide for its
capacity for innovation, unique and distinctive technology and
reliability.
Emilio Garcia, Talgo Innovation
Director said, "Green hydrogen is no longer the future, it is a
reality. The implementation of hydrogen trains, such as the one
Talgo is developing, will improve mobility and have a positive
impact on the environment by replacing diesel technology. It will
allow us to make the most of the non-electrified railways in many
countries, while reducing the carbon footprint." Mr. Garcia
continued, "The announcement earlier this year of EU policies to
accelerate decarbonization further validate this key step in early
adoption of hydrogen trains in order to achieve these greenhouse
gas reduction goals."
Oben Uluc, Ballard Director of
Sales for EMEA and India noted,
"We are excited to be working with Talgo through the testing phases
of its Talgo Vittal-One train. This relationship is another sign of
the growing momentum in deployment of zero-emission fuel cell
propulsion solutions in the rail industry across numerous
geographies. Fuel cell systems enable conventional rail networks to
realize the benefits of electrification without the cost and
infrastructure challenges of overhead catenary wiring."
The modular system being designed by Talgo is intended for
installation on all types of passenger trains, as well as in
upgrades or retrofits from diesel to hydrogen power. The innovative
system utilizes hydrogen and fuel cells for propulsion,
complemented by batteries that assist the train from a standing
start and take advantage of the braking system for recharging.
Hydrogen technology is an appropriate solution for heavy transport
applications such as trains, where railway lines do not currently
have catenary electrification systems and depend on diesel
engines.
About Ballard Power Systems
Ballard Power Systems'
(NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for
a sustainable planet. Ballard zero-emission PEM fuel cells are
enabling electrification of mobility, including buses, commercial
trucks, trains, marine vessels, passenger cars and forklift trucks.
To learn more about Ballard, please visit www.ballard.com.
Forward-looking statements
This release contains
forward-looking statements concerning the development and delivery
of fuel cell products, and the benefits and anticipated market
adoption of them. 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 statements
are based on Ballard's assumptions relating to its financial
forecasts and expectations regarding its product development
efforts, manufacturing capacity, and market demand. For a detailed
discussion of the factors and assumptions that these statements are
based upon, and factors that could cause our actual results or
outcomes to differ materially, please refer to Ballard's most
recent management discussion & analysis. Other risks and
uncertainties that may cause Ballard's actual results to be
materially different include 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. These
forward-looking statements are provided to enable external
stakeholders to understand Ballard's expectations as at the date of
this release and may not be appropriate for other purposes. Readers
should not place undue reliance on these statements and Ballard
assumes no obligation to update or release any revisions to them,
other than as required under applicable legislation.
Further Information:
Kate
Charlton – VP Investor Relations +1.604.453.3939,
media@ballard.com or investors@ballard.com
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SOURCE Ballard Power Systems Inc.