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-Ballard launches 9th generation high-performance fuel cell engine for heavy vehicles at ACT Expo 2024

VANCOUVER, BC and LAS VEGAS, May 20, 2024 /PRNewswire/ — Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today introduces its ninth-generation high-performance fuel cell engine, the FCmove-XD, at the Advanced Clean Transportation (ACT) Expo at the Las Vegas Convention Center. Ballard will be exhibiting at booth 1821 from May 20-23, 2024.

“We are very focused on strengthening the economic value proposition for heavy-duty mobility customers,” said Mircea Gradu, director of engineering at Ballard. “With the introduction of our ninth generation of fuel cell engines, the FCmove-XD, we continue to push the boundaries and are once again raising the bar and resetting the industry standard for PEM fuel cell engine performance. “Our innovative FCmove-XD offers significant improvements in reliability, durability, efficiency, power density, scalability, serviceability and total cost of ownership.”

The FCmove-XD offers the industry’s highest volumetric power density for heavy-duty applications, with a motor volumetric power density of 0.36 kW/L and a gravimetric power density of 0.48 kW/kg. The scalable 120 kW fuel cell engine integrates DC/DC regulated output, allowing up to three modules to operate as a system with a single interface, capable of delivering a combined power output of 360 kW with zero emissions.

With a design life of more than 30,000 hours of operation (or more than one million miles in truck operation at typical duty cycles), the FCmove-XD engine is developed to deliver class-leading durability and low total cost of ownership.

Thanks to an innovative “open architecture” design and other new design advancements, the powerful and compact FCmove-XD enables several major performance improvements (compared to our previous generation engine), including:

“The power and performance requirements of the highly segmented truck market are particularly demanding due to diverse use cases, including high vehicle utilization rates and payload requirements,” said Silvano Pozzi, vice president of product line management. . “One of the compelling features of our new FCmove-XD is scalability based on modularity. We can offer customers efficient integration of 120 kW, 240 kW and 360 kW solutions depending on the truck class, use case and duty cycle. For example, two engines, with a total of 240 kW of power output, can be easily installed in the engine compartment of a typical Class 8 heavy duty truck, improving standardization and redundancy.”

Gradu concluded: “In addition to our internal FCmove-XD innovations and design improvements over the past 3 years, we have enjoyed strong collaboration with our mature supply chain on a new balance of plant component designs and non-engineering. related recurring workflow, and we also made significant investments in certain production tools. Together, these integrated and parallel workflows have resulted in a category leader, with higher performance in all key metrics with significantly higher capital and operating costs. lows for customers and end users. The launch of customer engagement has been very exciting.

Ballard plans to initially manufacture the FCmove-XD at its Oregon facility, enabling “Buy America” compliance beginning in 2025, with future high-volume manufacturing expected at Ballard Rockwall Giga 1, the newly launched 3-gigawatt Gigafactory. announced by Ballard that it is planned to be built in Rockwall, Texas.

Acerca de Ballard Power Systems

Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells are enabling the electrification of mobility, including buses, commercial trucks, trains, marine vessels and stationary power. For more information about Ballard, visit www.ballard.com.

This release contains forward-looking statements regarding the specifications and performance of the FCmove-XD fuel cell engine, its uses, planned manufacturing volume and scale of market adoption. These forward-looking statements reflect Ballard’s current expectations as contemplated by 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 regarding its financial forecasts and expectations regarding its product development efforts, manufacturing capacity and market demand.

These statements involve risks and uncertainties that could cause Ballard’s actual results to be materially different, including general economic and regulatory changes, detrimental dependence on third parties, successfully achieving our business plans and achieving and maintaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please see Ballard’s most recent Annual Information Form. Readers should not place undue reliance on Ballard’s forward-looking statements and Ballard undertakes no obligation to update or release revisions to these forward-looking statements, except as required by applicable law.

Kate (Charlton) Modern, 1.604.453.3939, investors@ballard.com

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