Ballard Power Systems Inc - Company Profile
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Business Description
Ballard Power Systems Inc (Ballard) primarily engages in the sale of Proton Exchange Membrane (PEM) fuel cell products and services. The company's key offerings cater to a variety of applications including Heavy-Duty Mobility and other markets. The company also provides services such as technology solutions, after-sales services, and training. The company operates through three product categories: Heavy Duty Mobility, Stationary and Emerging and Others.
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R&D Overview
Ballard's research and development initiatives are primarily focused on the Membrane Electrode Assembly (MEA) and its sub-components. The company aims to improve the overall cost, performance, durability, and reliability of it's products. The company also focuses on material development for other unit cell components, such as bipolar plates, frames, seals, and adhesives. Product development activities have been primarily directed at stack design and module development and cost reduction. The company drives progress by leveraging stack component designs, materials, and manufacturing processes across multiple product platforms. In FY2024, the company incurred an expenditure of US$94.5 million, which decreased 4% YoY.
Product Categories
Overview
Offers affordable, efficient, and sustainable drop-in replacement for diesel-powered material handling equipment.
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.
Performance
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Overview
Offers stationary power solutions through Fuel Cell products.
Performance
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Geographical Segments
- Australia
- Belgium
- Canada
- China
- Denmark
- France
- Germany
- India
- Japan
- Korea
- Netherlands
- Norway
- Other Countries
- Poland
- Spain
- Taiwan
- United Kingdom
- United States
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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Performance
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Performance
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