Ballard Announces Orders for 70 Hydrogen Fuel Cell Engines for Delivery to Wrightbus in 2024

Ballard Power Systems shared in a press release that they have received seventy (70) orders for hydrogen fuel cell engines from Wrightbus. This procurement signifies a strengthened relationship between the two entities, greater market acceptance of hydrogen fuel-cell engines, and an increase in the number of hydrogen-powered buses available in UK and Europe.

Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced multiple purchase orders totalling 70 FCmove®-HD hydrogen fuel cell engines from its customer Wrightbus (https://wrightbus.com/), a UK-based bus manufacturer deploying hydrogen-powered buses in the UK and Europe. Ballard expects delivery of the fuel cell engines to occur in 2024, and the buses to enter into service in 2025. The hydrogen fuel cell engines will power single- and double-decker buses in the UK and Germany.

“We are pleased to strengthen our relationship with Wrightbus and support their deployment of an increasing volume of hydrogen-powered transit buses across the UK and Europe,” said Oben Uluc, Vice President, Sales & Marketing, EMEA. “We are seeing broader market acceptance of fuel cell buses by European transit operators seeking to decarbonize their operations with a technology approach that enables long range, fast refuelling, and scalable refuelling infrastructure.”

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and market adoption. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

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