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Ballard announces new Long-Term Supply Agreement with NFI and purchase order for 100 fuel cell engines for bus deployments in North America
Ballard announces new Long-Term Supply Agreement with NFI and purchase order for 100 fuel cell en...
About this update from Ballard Power Systems Inc.
[{"type":"text","content":"\n \n \n \n Ballard announces new Long-Term Supply Agreement with NFI and purchase order for 100 fuel cell engines for bus deployments in North America\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n and\n \n WINNIPEG, MB\n \n \n ,\n \n \n Jan. 3, 2024\n \n \n /CNW/ - Ballard Power Systems (NASDAQ: BLDP); (TSX: BLDP) today announced the signing of a new Long-Term Supply Agreement (\"LTSA\") with NFI Group Inc. (\"NFI\"); (TSX: NFI); (\n \n www.nfigroup.com\n \n ), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions in\n \n North America\n \n and\n \n Europe\n \n . The agreement marks a new phase in the established partnership between\n \n Ballard\n \n and NFI, focused on deployment-level volumes of fuel cell powered buses across all of NFI's major brands including New Flyer,\n \n Alexander Dennis\n \n , and MCI.\n \n \n \n \n \n \n \n \n \n As part of the LTSA, NFI has placed its first purchase order under the agreement for a minimum of 100 FCmove\n \n ®\n \n -HD+ modules for planned delivery in 2024. The modules will primarily be produced in\n \n Ballard's\n \n \n Bend, Oregon\n \n facility with Buy America compliance, and will power New Flyer's next generation Xcelsior CHARGE FC™ hydrogen fuel cell buses for deployment across the US and\n \n Canada\n \n , including\n \n California\n \n ,\n \n Manitoba\n \n ,\n \n Nevada\n \n ,\n \n New York\n \n ,\n \n Ohio\n \n , and\n \n Pennsylvania\n \n .\n \n \n \"This agreement is the next step in our multi-decade partnership with\n \n Ballard\n \n and a key component in advancing our leading fuel cell bus offerings,\" said\n \n David White\n \n , Executive Vice President, Supply Management, NFI. \"By working with\n \n Ballard\n \n across numerous bus products in multiple jurisdictions, we have been able to leverage best practices and generate design, engineering and sourcing synergies. With growing demand for fuel cell buses, we are excited to continue this partnership as we drive the transition to ze...