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Ballard Power (BLDP) Wins Arcola's Fuel Cell Module Order

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Ballard Power Systems (BLDP - Free Report) received a purchase order for heavy-duty vehicles and transport applications, and Ballard FCmoveTM-HD fuel cell modules from Arcola Energy. It will be used to power a passenger train for display during COP26, which will be hosted by Glasgow City in November 2021.

There is an increasing uptake of fuel cell products and services as hydrogen is economical and also an eco-friendly source to generate power. Also, fuel cell plants occupy much lesser space than conventional projects, which make it an attractive source of energy.

Initiative to Lower Emission

Scotland is aiming to achieve net zero emission by 2035 and hydrogen fuel cell technology will assist in realizing the goal. Arcola along with a few other industry leaders in hydrogen fuel cell integration, rail engineering and functional safety is appointed to deliver Scotland’s first hydrogen-powered train by Scottish Enterprise, Transport Scotland and the Hydrogen Accelerator, which is located at the University of St. Andrews.

This appointed team will convert a Class 314 car passenger train, made available by ScotRail, into a deployment-ready, certified platform for hydrogen-powered train development. Notably, the engineering facilities and the support system for testing and public demonstrations will come from Bo’ness and Kinneil Railway.

Order Continues to Come

In July 2020, Ballard Power won a $7.7-million worth contract of membrane electrode assemblies from Guangdong Synergy Ballard Hydrogen Power Co., Ltd. Previously, the company received orders for 15 of its 85-kilowatt heavy-duty FCveloCity®-HD fuel cell modules from Wrightbus. Additionally, in April, it received an order from Solaris Bus & Coach S.A. for 20 of Ballard Power’s new 70 kilowatt heavy-duty FCmove™-HD fuel cell modules.

The company’s fuel cell modules provide safe, reliable and clean power. The current project reflects the growing global usage of fuel cells in the medium and heavy-duty motive market including railways wherein heavy load, long range and rapid refueling are necessary requirements.

Peer Moves

Apart from Ballard Power, companies like Bloom Energy (BE - Free Report) , Plug Power, Inc. (PLUG - Free Report) and FuelCell Energy, Inc. (FCEL - Free Report) are using fuel cell technology to supply clean energy to customers across the globe.

Zacks Rank and Price Performance

Ballard Power currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In the past six months, shares of the utility have gained 76.8%, outperforming the industry’s 41.4% growth.

 

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