Ballard announces largest order in company history - 1,000 engines to power Solaris buses across Europe

Core Insights - Ballard Power Systems has signed a Long Term Supply Agreement with Solaris Bus & Coach for the supply of 1,000 hydrogen fuel cell engines through 2027, marking the largest order in Ballard's history [1][2] - The agreement consolidates existing orders for approximately 300 engines and adds a new commitment for about 700 additional engines, including after-market and extended warranty services [2] - The engines will consist of approximately 80% FCmove®-HD 70 kW and 20% FCmove®-HD+ 100 kW, targeting both 12-metre and 18-metre bus markets, with deliveries starting in 2024 [2] Industry Context - The deployment of these engines is expected across over 22 European cities, supported by policies aimed at decarbonizing public transport fleets [3] - The transition to zero-emission buses is accelerating due to the advantages of hydrogen fuel cells, including zero emissions, quick refueling, and long range [3] - The partnership aims to enhance the adoption of fuel cell buses in Europe, contributing to economies of scale and cost reduction for fleet operators [4] Company Statements - Ballard's CEO emphasized the significance of this agreement in advancing fuel cell bus adoption and highlighted the collaborative efforts with Solaris over the past decade [4] - Solaris' CEO noted the company's leadership in deploying hydrogen technology in public transport, with nearly 200 hydrogen-powered buses delivered and over 500 units in the order book for the next two years [4]