Ballard Power Systems, Inc.
Division: Distributed Generation
Karim Kassam
9000 Glenlyon Parkway
Burnaby, British Columbia, V5J 5J8, Canada
Description
Ballard Power Systems Inc. (TSX: BLD; NASDAQ: BLDP) provides clean energy fuel cell products enabling optimized power systems for a range of applications. We are recognized as the world leader in design, development and manufacture of zero-emission proton exchange membrane (PEM) fuel cells and are focused on accelerating commercial adoption.
Ballard’s corporate head office, product development and manufacturing facilities are located in Burnaby, British Columbia, Canada. The company also owns a subsidiary, called Ballard Material Products, which manufactures friction materials from its Lowell, MA facility and Ballard holds a controlling interest in Dantherm Power, a Denmark-based system integrator in the fuel cell telecom backup power market.
Ballard is focused on the following stationary power market segments:
Backup Power – Fuel cells provide a highly reliable power source for emergency needs in telecom networks throughout various parts of the world.
Supplemental Power – Fuel cells operating from reformed fuels – such as natural gas – offer a flexible solution for power in regions where the electrical grid is unreliable, which is the case in many developing nations.
Distributed Generation – The ability to generate power in distributed sites is an important market opportunity for fuel cell technology. For example, fuel cells can take advantage of by-product hydrogen streams at chemical plants, producing power for use locally or resale back to the grid. And, fuel cells can provide energy storage in conjunction with other renewable technologies, such as wind and solar facilities.
Ballard is also focused on the following motive power market segments:
Transit Buses – Fuel cell buses are zero emission vehicles, with no green house gases, particulates or harmful emissions released during operation.
Material Handling – With constant power output and fast refuelling, fuel cell-powered forklift trucks increase productivity of lift trucks – compared to incumbent battery technology – operating in high-throughput warehouses and distribution centers.
Ballard also has supporting business segments, including material products and contract manufacturing.