Ballard Power Systems Inc - Company Profile
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Business Description
Ballard Power Systems Inc (Ballard Power) designs, develops, manufactures, sells, and services PEM fuel cell products for power product markets, portable power, and material handling and backup power. The company operates through four product categories: Heavy-Duty Motive, Material Handling, Backup Power and Technology Solutions. It has presence in the US, Germany, Canada, Belgium, Denmark, the UK, the Netherlands, France, Poland, Finland, Norway, and Spain. In FY2022, the company incurred a capital expenditure of US$34.5 million which grew 134.5% YoY.
R&D Overview
The company’s research and development efforts focus on the development of various technologies which have various automotive applivations. The company is currently working on the development of Membrane Electrode Assembly, Bi-polar plate design and manufacture using expanded graphite, metal and molded graphite, Bi-polar plate and MEA sealing concepts using thermoplastics and adhesives and liquid injection molding. In FY2022, the company spent US$96 million which as a percentage of the company’s total revenue stood at 114.5%.
Product Categories
Overview
Provides zero-emission solutions that are flexible and scalable. - Key products include FCgen-H2PM systems.
Performance
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Overview
Supplies products to heavy duty vehicle manufacturers for integration its power systems into truck, bus, and light rail, ready for deployment in commercial fleets. - Key products include FCveloCity motive modules.
Performance
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Overview
Supplies fuel cell stacks to systems integrators and material handling equipment manufacturers in food distribution, manufacturing, and retail distribution facilities. - Key products include air-cooled and liquid-cooled fuel cell stacks.
Performance
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Overview
Provides product development, systems design & integration, component design & manufacturing, testing services & stations and licensing & technology transfer services.
Performance
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Geographical Segments
- Australia
- Belgium
- Canada
- China
- Denmark
- France
- Germany
- India
- Japan
- Norway
- Other countries
- Poland
- Spain
- Taiwan
- The UK
- The US
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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