A global leader in fuel cell technology
Ballard Power Systems, Inc.
) has been selected by the heavy-duty transit bus manufacturer New
Flyer Industries to supply its first next-generation FCvelocity-HD7
fuel cell power module. Ballard Power's fuel cell modules are being
increasingly used in mass transit.
Benefits of the New Modules
The new modules which are scheduled for delivery later this year
will be easier to integrate in buses compared to earlier versions
of fuel cell modules. A lot of research and development has gone
into the making of these modules to make it user friendly.
The latest modules from Ballard Power will be used in New Flyer
Industries' next generation fuel cell bus. The bus will be sent to
Altoona, PL for testing and qualification prior to being deployed
into revenue service under the U.S. Federal Transit Administration
(FTA) National Fuel Cell Bus Program.
The alliance between New Flyer Industries and Ballard Power Systems
dates back over two decades. The companies successfully partnered
on BC Transit's fuel cell demonstration fleet of 20 buses, which
ran from 2009 to 2014 in Whistler, British Columbia. These quality
performers have once again come together to promote zero-emission
mass transit vehicles.
Fuel Cell Modules in Mass Transit
In January this year, Solaris Bus & Coach, a leading player in
the European bus industry, signed an agreement with Ballard for two
zero emission fuel cell power modules. In May, Ballard Power
Systems signed an agreement with CALSTART to deploy a fuel
cell hybrid bus in 2015 at the University of California campus. In
June, SunLine Transit Agency of Thousand Palms, CA, deployed two
new fuel cell buses, each powered by a Ballard FCvelocity®-HD6 fuel
We are seeing an increasing uptake of fuel cell modules for mass
transit. Although these initiatives are yet to start on a very
large scale it is surely a move in the right direction.
Besides buses, Ballard's fuel cells are utilized in other
commercial applications as well. Ballard Power's shares closed at
$4.25 yesterday reflecting a year-to-date gain of 179.6%. This not
only proves the growing popularity of this technology, but also the
faith of investors in fuel cell stocks.
Ballard Power is presently focusing on developing fuel cells for
everyday commercial purposes. The company has designed and shipped
nearly 150 MW of hydrogen fuel cell technology to date.
The rising demand for fuel cell modules will enable the company to
enjoy economies of scale and pass on the benefits of costs to the
Ballard Power Systems currently has a Zacks Rank #3 (Hold). Some
better-ranked stocks in this space include
AU Optronics Corp.
Park Electrochemical Corp.
). While AU Optronics Corp and Park Electrochemical carry a Zacks
Rank #1 (Strong Buy), Nidec Corporation holds a Zacks Rank #2
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