PowiDian and Ballard: collaboration on hydrogen- powered commercial vehicles
La Ville-aux-Dames (France) and Vancouver (Canada), May 10, 2022 – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP), a world leader in fuel cells, and PowiDian, a French Greentech expert in the integration of hydrogen systems, today announced the signing of a partnership in low-carbon mobility.
As part of this partnership, PowiDian Mobility, PowiDian’s mobility subsidiary, will integrate Ballard fuel cells into its light-duty electro-hydrogen vehicles (LDVs). Ballard and PowiDian Mobility will work together to introduce these hydrogen vehicles to the European market in 2024.
Michel Lecomte, President of PowiDian Mobility, said: “We are very pleased to be partnering with the Ballard Group in what represents another step towards the industrialisation phase of our commercial vehicles. Ballard’s products have won awards for their reliability and their teams have demonstrated real industrial know-how in the manufacture of fuel cells. By partnering with this leading hydrogen technology group, we are confident that we will be able to deliver market-leading performance to our customers.”
Jesper Themsen, CEO of Ballard Power Europe, added: “We are delighted to be working together with an ambitious young company that is recognized for its hydrogen technology integration know-how. Ballard’s leading hydrogen fuel cell technology combined with PowiDian’s integration expertise will allow us to enter growing European light-duty commercial vehicle markets and accelerate hydrogen zero emission rates.”
According to a McKinsey study, commissioned by the Hydrogen Council, hydrogen could power 10 to 15 million vehicles by 2030. An established player within the light commercial vehicle market, PowiDian Mobility is aiming to produce around 1,000 commercial vehicles per year by 2027.
With the common ambition of working towards energy transition and the decarbonisation of society, the Ballard Power Systems and PowiDian teams have been collaborating since 2017 on the stationary and mobile hydrogen generator market.
Press Contacts
About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells help to make all kinds of stationary and mobile units electric, including buses, trucks, trains, ships, forklifts. To learn more about Ballard, please visit www.ballard.com.
Kate Charlton
Media@ballard.com
+ 1 604 453 3939
About PowiDian
An Airbus spin-off created in 2014, PowiDian is a pioneer in hydrogen mobility. With its unique know-how and experience, the group has been committed since its creation to the decarbonisation of energy storage and light mobility, with solutions perfectly adapted to the needs of a fast-growing French and European market. A leading French Greentech company, PowiDian designs, manufactures, exports, and maintains green and sustainable electromobility solutions via its subsidiary PowiDian Mobility. To add to this, PowiDian provides decarbonised energy distribution solutions via its activities dedicated to stationary or mobile hydrogen generators and possesses a unique know-how in convertible hydrogen-electric van design. PowiDian has been supported by its majority shareholder Xerys Invest since its creation and lists the Bouygues Group among its shareholders.
For more information: www.powidian.com
FTI Consulting
Mathilde Jean/ Elissa Bezaz
Powidian@fticonsulting.com
+33 (0) 1 47 03 68 16
A propos de Xerys Invest
Xerys Invest is a French investment company primarily positioned on trending sectors that include healthcare & Life Sciences, renewable energy/GreenTech and new digital technologies. As such, Xerys Invest supports companies in industries undergoing major transformation to address economic, environmental, and societal challenges that have great ambitions for their growth and international expansion.
In its market, Xerys Invest stands out as much for its modus operandi and the strategic and operational support it provides to portfolio companies, as for the range of à la carte investment opportunities offered to investors and the firm’s close relations with them, or its sector-based approach. Lastly, Xerys Invest has considerable sector expertise, bolstered by a strategic committee made up of recognized specialists and experts in key sectors. Xerys Invest manages more than 200 million euros in assets, with a portfolio of nine holdings.
For more information visit www.xerys.com or find us on LinkedIn @Xerys.
