Ballard announces commercial agreement with New Flyer for 50 MW of fuel cell bus engines
MWN-AI** Summary
Ballard Power Systems, a leader in clean energy solutions, announced a significant commercial agreement with New Flyer, a subsidiary of NFI Group Inc. This deal entails the supply of 500 FCmove®-HD+ fuel cell engines, amounting to a total power output of 50 megawatts (MW). This collaboration marks New Flyer’s largest order with Ballard to date and underscores their long-standing partnership, which has thrived over more than ten years.
The fuel cell engines will be deployed in New Flyer’s Xcelsior CHARGE FC™ hydrogen fuel cell buses, furthering the transition to zero-emission transportation across North America. Ballard's Vice President of Sales & Marketing, Oben Uluc, expressed pride in the partnership, highlighting the reliability and performance of Ballard’s technology in meeting New Flyer’s fleet needs, including rapid refueling capabilities.
New Flyer’s Executive Vice President, David White, emphasized that this agreement represents a critical aspect of their strategy to enhance their fuel cell bus offerings amidst rising demand for environmentally friendly transit options. The strong track record of Ballard-powered buses — boasting over 2,200 units operating globally with 98% availability — supports New Flyer's confidence in the collaboration. Furthermore, Ballard offers an array of fleet services to bolster performance, such as training, technical support, and operational monitoring.
This agreement not only solidifies the relationship between these two companies but also positions them to accelerate the adoption of hydrogen fuel cell technology in public transportation, playing a pivotal role in reducing emissions in the mobility sector. As the demand for sustainable transportation solutions grows, Ballard and New Flyer are poised to lead the charge towards cleaner transit options.
MWN-AI** Analysis
Ballard Power Systems' recent commercial agreement with New Flyer for the supply of 50 MW of fuel cell bus engines represents a significant milestone for both companies and the broader hydrogen fuel cell market. This partnership, which entails the delivery of 500 FCmove®-HD+ fuel cell engines, underscores the growing momentum behind zero-emission transportation technologies, particularly in the public transit sector.
For investors considering positions in Ballard (NASDAQ: BLDP) or New Flyer (NASDAQ: NFI), several factors merit attention. First, the increasing commitment to sustainable transport options, coupled with governmental incentives for low-emission technologies, positions Ballard advantageously in a competitive landscape. The anticipated deliveries starting in 2026 suggest a robust demand pipeline that could drive revenue growth.
Moreover, Ballard's established track record with over 2,200 fuel cell buses operational globally showcases the reliability and efficiency of its technology. This established performance, combined with New Flyer's extensive market presence, offers a compelling value proposition as cities transition towards cleaner public transport.
However, potential investors should remain cautious. The announcement includes forward-looking statements that depend heavily on execution and market conditions. Factors such as regulatory changes, supply chain disruptions, and competition in the hydrogen space could impact future performance.
In light of these considerations, a balanced approach is advisable. Investors might view this as an opportunity for long-term growth in a segment poised for expansion, recognizing that volatility around regulatory shifts and the pace of adoption could influence stock performance in the near term. As such, maintaining a diversified portfolio and staying informed about developments in the sector will be critical for navigating the evolving landscape of clean energy technologies.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
VANCOUVER, BC and WINNIPEG, MB, March 10, 2026 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced reaching a commercial agreement with New Flyer, a subsidiary of NFI Group Inc., ("NFI"; TSX: NFI; www.nfigroup.com), a leading provider of diverse and sustainable mobility solutions in North America and Europe.
The agreement for 500 FCmove®-HD+ fuel cell engines, totaling 50 MW, represents the largest single commitment from New Flyer since the partnership began. Deliveries, starting in 2026, will power New Flyer's Xcelsior CHARGE FC™ hydrogen fuel cell buses across North America.
"We are proud that New Flyer continues to place their trust in Ballard as their long?term technology partner, building on a relationship that spans more than a decade. Our fuel cell engines, backed by additional fleet services, deliver the range, rapid refueling, and reliable performance New Flyer's fleets require. With Ballard technology at the core of these vehicles, New Flyer is well positioned to accelerate zero?emission deployments across North America," said Oben Uluc, Ballard's Sales & Marketing Vice President.
"This agreement is the next step in our long-standing partnership with Ballard and a key component in advancing our leading fuel cell bus offerings," said David White, Executive Vice President, Supply Management, New Flyer. "Over the last decade we've delivered buses powered by Ballard in multiple jurisdictions from coast to coast showing their capability to operate in different environments and routes as a 1-for-1 diesel replacement. With growing demand for fuel cell buses, we are excited to continue this partnership as we support the transition to zero-emission transportation."
Today, Ballard powered fleets have grown to more than 2,200 fuel cell buses worldwide, collectively logging over 250 million kilometers with 98% availability and zero reported safety incidents. With additional sales of Ballard Fleet Services — including training, technical support, parts supply, operational monitoring, digital insights, and ongoing stack servicing – Ballard and its customers unlock additional value that strengthens fleet performance.
About Ballard Power Systems
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 of mobility, including buses, commercial trucks, trains, marine vessels, as well as stationary power. To learn more about Ballard, please visit www.ballard.com.
This release contains forward-looking statements concerning customer commitments, 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. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
About New Flyer
New Flyer is North America's heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.
Further Information
Ballard Power Systems:
Sumit Kundu – Investor Relations, +1.604.453.3517 or investors@ballard.com
New Flyer:
Melissa Schnee - Media Inquiries, +1.385.910.6861 or Melissa_Schnee@newflyer.com
Stephen King - Investor Inquiries, +1.204.792.1300 or Stephen.King@nfigroup.com
SOURCE Ballard Power Systems Inc.
FAQ**
How does the commercial agreement with New Flyer for 500 FCmove®-HD+ fuel cell engines position Ballard Power Systems Inc. (BLDP) in the rapidly growing fuel cell bus market in North America?
What are the anticipated financial implications for Ballard Power Systems Inc. (BLDP) following this agreement with New Flyer, given their history of delivering fuel cell-powered buses across various jurisdictions?
Can you elaborate on how the additional sales of Ballard Fleet Services contribute to the overall growth strategy for Ballard Power Systems Inc. (BLDP) in the context of zero-emission transportation?
What risks and uncertainties should investors consider regarding the forward-looking statements made by Ballard Power Systems Inc. (BLDP) in relation to this new partnership with New Flyer?
**MWN-AI FAQ is based on asking OpenAI questions about Ballard Power Systems Inc. (TSXC: BLDP:CC).
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