Ballard Power Systems Inc - Company Profile
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Ballard Power Systems Inc (Ballard Power) provides innovative clean energy solutions. The company designs, develops, manufactures, sells, and services proton exchange membrane (PEM) fuel cell products for power product markets, material handling, portable power and backup power. Its major products include heavy duty modules, fuel cell stacks, and backup power systems. Ballard Power also offers various technology solutions, including engineering services and technology transfer among others. The company offers products to various markets such as transit bus, automotive, rail, truck, material handling, critical infrastructure, defense, and UAV. The company has R&D, testing, sales, and manufacturing facilities in Canada, the US, and Denmark. It serves customers in North America, Europe, and Asia Pacific. Ballard Power is headquartered in Burnaby, British Columbia, Canada.
Headquarters
Canada
Address
9000 Glenlyon Parkway, Burnaby, British Columbia, V5J5J8
Website
www.ballard.com
Telephone
1 604 4540900
No of Employees
1,173
Industry
Clean Technology
Ticker Symbol & Exchange
BLDP (TSE)
Revenue (2022)
$102.4M
25.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-2.4%
(2022 vs 2021)
Market Cap*
$811.9M
Net Profit Margin (2022)
XYZ
18.1%
(2022 vs 2021)
* As of and is in US$
Ballard Power Systems Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Fuel cell power products | Technical solutions | FCgen |
| Heavy module | Product development | FCvelocity |
| Fuel cell stack | System design and integration | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company signed an agreement with Solaris Bus & Coach sp. z o.o. to deliver 1,000 hydrogen fuel cell engines for the European transit bus market. |
| 2024 | Contracts/Agreements | In April, the company secured orders from Wrightbus for a total of 70 FCmove-HD hydrogen fuel cell engines. |
| 2024 | Contracts/Agreements | In March, the company secured a 15 MW order for fuel cell systems from a UK-based firm, signifying substantial growth in their supply relationship. |
Competitor Comparison
| Key Parameters | Ballard Power Systems Inc | Doosan Corp | Plug Power Inc | FuelCell Energy Inc | Greenlight Innovation |
|---|---|---|---|---|---|
| Headquarters | Canada | South Korea | United States of America | United States of America | China |
| City | Burnaby | Seoul | Latham | Danbury | Guangzhou |
| State/Province | British Columbia | - | New York | Connecticut | - |
| No. of Employees | 1,173 | 3,930 | 3,868 | 629 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jim Roche | Chairman | Executive Board | 2019 | 57 |
| Randall MacEwen | Director; Chief Executive Officer; President | Executive Board | 2014 | 54 |
| Paul Dobson | Senior Vice President; Chief Financial Officer | Senior Management | 2021 | - |
| Mark Biznek | Chief Operating Officer; Senior Vice President | Senior Management | 2023 | - |
| Kevin Colbow | Chief Technology Officer; Senior Vice President | Senior Management | 2019 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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