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Ballard to Provide Fuel Cell Modules For Buses in Europe as a Member of New H2Bus Consortium
Ballard to Provide Fuel Cell Modules For Buses in Europe as a Member of New H2Bus Consorti...
About this update from Ballard Power Systems Inc.
[{"type":"text","content":"\n\n\n\nBallard to Provide Fuel Cell Modules For Buses in Europe as a Member of New H2Bus Consortium\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 3, 2019\n\n\n\n\n Initial 600 fuel cell electric bus deployment planned in Europe Supported by €40M in CEF funding \n \n\n VANCOUVER, June 3, 2019 /CNW/ - Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it is a founding member of the new H2Bus Consortium, whose members are working together to deploy 1,000 zero-emission fuel cell electric buses (FCEBs) and related infrastructure in European cities at commercially competitive rates. \n\n \n \n\n \nAn initial 600 FCEBs are being supported by a €40 million grant from the EU's Connecting European Facilities (CEF1) program, with 200 buses to be deployed in each of Denmark, Latvia and the U.K. by 2023. \nIn addition to Ballard, H2Bus Consortium members include Everfuel, Wrightbus, Hexagon Composites, Nel Hydrogen, and Ryse Hydrogen, all leading players in the hydrogen fuel cell electric bus value chain. The H2Bus hydrogen fuel cell electric bus solution is expected to be the most cost effective true zero-emission option available, with a target single-decker bus price below €375,000, hydrogen cost between €5 and €7 per kilogram and bus service cost of €0.30 per kilometer. The zero-tailpipe emission feature of the FCEBs' operation will be complemented by zero-emission hydrogen production from renewable energy sources, yielding a \"well-to-wheels\" emission-free transportation solution. \nRandy MacEwen, Ballard President and CEO said, \"The H2Bus consortium is a very exciting development in the deployment of zero-emission fuel cell electric buses across Europe. Toget...