Ballard Power Systems

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Ballard Power Systems Inc.
Formerly
Ballard Research
Public
Traded asTSXBLDP
NASDAQBLDP
IndustryAlternative energy
Founded1979
HeadquartersBurnaby, British Columbia, Canada
Key people
Ian Bourne, chairman of the board of directors
Randy MacEwen, president and chief executive officer
Products
  • Fuel cells stacks
  • Fuel cells modules
Number of employees
630 (Dec 2017)
Websitewww.ballard.com/ Edit this on Wikidata

Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products for markets such as heavy-duty motive (consisting of bus and tram applications), portable power, material handling as well as engineering services. Ballard has designed and shipped over 400 MW of fuel cell products to date.

History[edit]

Ballard was founded in 1979 under the name Ballard Research Inc. to conduct research and development on high-energy lithium batteries. Since committing to the development of PEM fuel cell technology in 1989, Ballard has delivered PEM fuel cell products worldwide to a number of leading product manufacturers.[1]

Ballard went public in 1993 on the Toronto Stock Exchange (TSE), and in 1995 was listed on the NASDAQ. Ballard Power Systems opened a fuel cell manufacturing facility in 2000 in Burnaby, B.C.[2]

Automotive Fuel Cell Cooperation[edit]

On February 1, 2008, Ballard spun out Automotive Fuel Cell Cooperation (AFCC) [3] to allow for further expansion of fuel cell technology.[4][5] After the split, Ballard continued as a publicly traded company focusing on non-automotive applications (including buses), while AFCC became a privately held company of 150 employees, developing hydrogen fuel cell stacks for automobiles. AFCC's initial ownership split was Daimler AG (50.1%), Ford Motor Company (30.0%), and Ballard itself (19.9%).[6]

Achievements[edit]

Ballard has:

References[edit]

  1. ^ "Ballard Power Systems". Finpedia.co. Retrieved 13 October 2019.
  2. ^ "The Practice of Innovation: Seven Canadian Firms in Profile" (PDF). Government of Canada. 2003. Retrieved 1 July 2016.
  3. ^ "Archived copy". Archived from the original on 2015-04-05. Retrieved 2018-04-14.CS1 maint: archived copy as title (link)
  4. ^ Automotive Tech: "The Automotive Fuel Cell Cooperation (AFCC)" - technologynewsdaily.com - November 8, 2007 - Retrieved November 08, 2007
  5. ^ "Daimler AG to become majority stake holder in new ”Automotive Fuel Cell Cooperation”" - Daimler AG - November 8, 2007 - Retrieved November 08, 2007
  6. ^ "Daimler, Ford Teaming Up On Fuel Cells". Jalopnik. 9 November 2007. Retrieved 12 March 2015.