VANCOUVER, BC and SABUGO, Portugal, Nov. 10,
2022 /PRNewswire/ - Ballard Power Systems
(NASDAQ: BLDP) (TSX: BLDP) and Fusion Fuel (Nasdaq: HTOO) announced
today they completed the interconnection of Fusion Fuel's H2Évora
plant to the Portuguese electric grid and successfully commissioned
the facility. The demonstration project, comprised of 15 HEVO-Solar
units and associated balance of plant equipment, will produce 15
tons of green hydrogen per year and avoid the emission of 135 tons
of CO2 annually. The facility includes a 200-kilowatt
FCwaveTM fuel cell module supplied by Ballard Power, which is used to convert its
green hydrogen into electricity, enabling Fusion Fuel to sell power
into the electric grid during periods of peak demand. The
integration of Fusion Fuel's solar-to-hydrogen HEVO solution and
Ballard's fuel cell technology is a powerful proof of concept for
the use of hydrogen as a flexible energy storage vector and
off-grid power supply.
Frederico Figueira de Chaves,
Co-Head and Chief Financial Officer at Fusion Fuel, said, "We are
thrilled to finally be able to commission our H2Évora project,
Portugal's first fully integrated
solar-to-green hydrogen plant. While this modest facility has
effectively been superseded by some of the larger-scale projects we
have under development, its value cannot be understated. We can now
look forward to H2Évora providing emissions-free power to the grid
for many years to come, a demonstration of the flexibility of green
hydrogen and our HEVO-Solar solution, particularly considering the
protracted energy crisis roiling European markets. The facility
will also serve as an important proving ground for our R&D team
as we continue to roll out future iterations of our technology. I
would like to take this opportunity to thank everyone who had a
hand in helping us achieve this critical milestone."
João Galamba, Deputy Minister and Secretary of State for Energy
in Portugal, commented on the
commissioning: "Portugal aspires
to be at the forefront of all green hydrogen projects and is
relying on Fusion Fuel to help achieve this goal. The H2Évora
project, due to its pioneering spirit, is a perfect example of how
Fusion Fuel can contribute to our collective success."
"Ballard is proud to be a part of a project that will reduce
emissions and demonstrate the important role hydrogen plays in our
global decarbonization goals. The commissioning of the H2Évora
facility also marks our first FCwaveTM fuel cell module in-service
for a stationary application, which leverages our core technology
in a larger energy output format to deliver reliable, zero emission
power for multiple applications. This is an exciting milestone for
not only Fusion Fuel and Ballard, but for the industry. We are
encouraged by this progress and are excited to work alongside an
innovative company like Fusion Fuel to provide zero-emission
solutions for their customers," said Søren Østergaard Hansen,
General Manager, Marine and Stationary, Ballard Power Systems
Europe A/S.
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, and stationary power. To learn more about Ballard, please
visit www.ballard.com.
This release contains forward-looking statements concerning
anticipated product performance and competitiveness and product
development objectives. 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
legislation.
About Fusion Fuel
Fusion Fuel is an emerging leader in the green hydrogen sector
committed to accelerating the energy transition through the
development of disruptive, clean hydrogen solutions. Fusion Fuel
has created a modular, integrated solar-to-hydrogen generator,
powered by a proprietary miniaturized PEM electrolyzer, that
enables off-grid production of green hydrogen. Its business lines
include the sale of electrolyzer technology to customers interested
in building their own green hydrogen production, the development of
turnkey hydrogen plants to be owned and operated by Fusion Fuel,
and the sale of green hydrogen as a commodity to end-users through
long-term hydrogen purchase agreements. For more information,
please visit www.fusion-fuel.eu
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SOURCE Ballard Power Systems Inc.