Ballard Power Systems Inc - Company Profile
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Ballard Power Systems Inc (Ballard) is a global leader in the design, development, manufacture, sale, and service of Proton Exchange Membrane (PEM) fuel cell products. The company's primary business revolves around the production of environmentally clean electrochemical devices that combine hydrogen fuel with oxygen to produce electricity. Ballard's PEM fuel cell products offer high fuel efficiency, low operating temperature, low noise and vibration, compact size, quick response to changes in electrical demand, and modular design. Ballard's products are used in a variety of applications across multiple industries, including bus, truck, rail, marine, stationary power, and emerging markets. Ballard's target markets are those seeking to reduce carbon emissions, particularly in the transportation and stationary power sectors. Ballard Power Systems Inc. is headquartered in Burnaby, British Columbia, Canada.
Headquarters
Canada
Address
9000 Glenlyon Parkway, Burnaby, British Columbia, V5J5J8
Website
www.ballard.com
Telephone
1 604 4540900
No of Employees
492
Industry
Clean Technology
Ticker Symbol & Exchange
BLDP (TSE)
Revenue (2024)
$99.4M
42.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
72%
(2024 vs 2023)
Market Cap*
$1.2B
Net Profit Margin (2024)
XYZ
80.3%
(2024 vs 2023)
* As of and is in US$
Ballard Power Systems Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Fuel cell power products | Technical solutions | FCvelocity |
| Heavy module | Product development | FCgen |
| Fuel cell stack | System design and integration | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In June, the company signed a definitive agreement to acquire GeoPura Limited, a zero-emission hydrogen-based power solutions provider. |
| 2026 | Contracts/Agreements | In June, the company announced an order of 15 MW of fuel cell systems for stationary applications from a company specializing in renewable off-grid power generation. |
| 2026 | Contracts/Agreements | In May, the company partnered with Wrightbus as the fuel cell supplier for the next‑generation StreetDeck Hydroliner Gen 3.0 hydrogen bus platform. |
Competitor Comparison
| Key Parameters | Ballard Power Systems Inc | Bloom Energy Corp | Plug Power Inc | FuelCell Energy Inc | Ceres Power Holdings Plc |
|---|---|---|---|---|---|
| Headquarters | Canada | United States of America | United States of America | United States of America | United Kingdom |
| City | Burnaby | San Jose | New York City | Danbury | Horsham |
| State/Province | British Columbia | California | New York | Connecticut | West Sussex |
| No. of Employees | 492 | 2,214 | 2,290 | 424 | 353 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| James Roche | Chairman | Executive Board | 2015 | 62 |
| Marty Neese | Director; Chief Executive Officer; President | Executive Board | 2025 | - |
| Paul Dobson | Senior Vice President; Chief Financial Officer | Senior Management | 2021 | - |
| Ralph Robinett | Chief Operating Officer | Senior Management | 2026 | - |
| Kevin Colbow | Senior Vice President; Chief Technology Officer | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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