Ballard to Offer World's First PEM Fuel Cell Product Using Non Precious Metal Catalyst

VANCOUVER, Sept. 12, 2017  - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that the Company has collaborated with Nisshinbo Holdings ("Nisshinbo"; www.nisshinbo.co.jp/english/), an Environmental and Energy company, to develop a Non Precious Metal Catalyst (NPMC) for use in the world's first commercialized NPMC-based proton exchange membrane (PEM) fuel cell product. Nisshinbo and Ballard have jointly collaborated on the development of NPMC since 2013.
 
Ballard has successfully incorporated the Non Precious Metal Catalyst into a high performing catalyst layer under a Technology Solutions program and plans to launch a new 30-watt FCgen®-1040 fuel cell stack product incorporating NPMC for commercial use in late-2017.
Published: 13 September 2017
Written by Editor
TSX   Nasdaq   Up on News   Project Update  
Read more: Ballard Power Systems ( BLDP )

Plug Power Announces Expanded Collaboration With Walmart

Continued growth expected in Walmart’s use of Plug Power hydrogen fuel cells in its  distribution center material handling fleet

Walmart granted right to purchase Plug Power equity, vesting based on future business

LATHAM, N.Y., July 21, 2017 - Plug Power Inc. (NASDAQ:PLUG), a leader in providing energy solutions that change the way the world moves, announces a new collaborative agreement with Walmart to facilitate further expansion of its ongoing relationship with Wal-Mart Stores, Inc. (NYSE:WMT).  The new agreement includes revised deal terms with Walmart that allow Plug Power to access project financing at a lower cost of capital and no restricted cash, making Plug Power’s future distribution transactions with Walmart cash flow positive up front.  Plug Power expects to provide its GenKey hydrogen fueling station and fuel cell energy solutions to up to 30 additional Walmart sites in North America over the next three years, with ten sites already under contract and scheduled to be finished by the end of 2017. The value of these 2017 commitments is expected to be around $80 million. On average, Plug Power has deployed a new Walmart site every 6 weeks since 2014, resulting in a deployed fleet of 5500 Plug Power fuel cells at 22 of Walmart’s U.S. distribution centers as of the end of 2016.     

Published: 21 July 2017
Written by Editor
Nasdaq   Up on News   Project Update  
Read more: Plug Power Inc ( PLUG )

Electrovaya Launches Battery Product Line for Forklift Market

The Lithium-ion ceramic battery system, with its industry-leading performance and safety, is a drop-in lead-acid replacement for Class I and Class II forklifts
 
TORONTO, ON--( November 14, 2016) -Electrovaya Inc. (EFL.TO) (EFLVF) announced today their new Lithium-ion ceramic product line for the Class I and II forklift markets. This market is heavily dominated by lead-acid battery solutions that cannot keep up with the demands of today's warehouse and logistics environments. Increased demands on operational efficiency, 24-hour operations and more advanced vehicles make a case for better energy solutions. The product line, which is branded "ELivate" will leverage Electrovaya's Lithium-ion ceramic battery technology that offers up to six times the life cycle of existing lead-acid solutions and up to twice the life cycle of Lithium-ion products. Additionally, the safety provided by SEPARION™ ceramic separator technology provides users with confidence in implementing a new technology in their operations.
Published: 14 November 2016
Written by Editor
TSX   New Product or Order   Up on News  
Read more: Electrovaya Inc ( EFL )

Ballard Inks Landmark Deal For Local Production of Fuel Cell Stacks in China, With $168M Estimated Value Over 5-Years

VANCOUVER and FOSHAN, China, July 18, 2016 - Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) today announced the signing of definitive agreements in Foshan, China with Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd. ("Synergy") for the establishment of an FCvelocity®-9SSL fuel cell stack production operation in the City of Yunfu, in Guangdong Province. The fuel cell stacks will be packaged into locally-assembled fuel cell engines and integrated into zero-emission buses and commercial vehicles in China.
 
Subject to closing, the transaction has a contemplated minimum value to Ballard of $168 millionover 5-years and includes these key elements:
Ballard will receive $18.4 million in Technology Solutions revenue for technology transfer services, production equipment specification and procurement services, training and commissioning support in relation to the establishment of a production line in Yunfu for the manufacture and assembly of FCvelocity®-9SSL fuel cell stacks, with most of this revenue expected to be recognized in 2017;
Published: 18 July 2016
Written by Editor
TSX   Nasdaq   New Product or Order   Up on News  
Read more: Ballard Power Systems ( BLD / BLDP )

Plug Power Announces 2015 Fourth Quarter and Year End Results

Achieve Record Revenue for Fourth Quarter and Full Year
 
LATHAM, N.Y., March 10, 2016 -- Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2015.  Plug Power achieved record-breaking numbers with revenues of $38.4 million in the fourth quarter and $103.3 million for the full year of 2015.  For the fourth quarter, EPS was a loss of $0.14 per share, and adjusted EPS (described below) was a loss of $0.05 per share.
 
The Company also realized dramatic improvements in GenDrive margins, significantly exceeding the Company’s aggressive expectations for 2015.  GenDrive achieved gross margin of 25% by year end 2015 and 21% for the full year.  Before deferred profit (described below), the GenDrive product line achieved adjusted gross margin of more than 35% for the fourth quarter, and more than 26% for the year.
Published: 10 March 2016
Written by Editor
Nasdaq   Financial Results   Up on News  
Read more: Plug Power Inc ( PLUG )
  1. Electrovaya Inc ( EFL )
  2. FuelCell Energy Inc ( FCEL )
  3. Electrovaya Inc ( EFL )
  4. Plug Power Inc ( PLUG )
  5. Ballard Power Systems ( BLD / BLDP )