Ballard Power Systems (NASDAQ: BLDP) has signed a letter of intent with Siemens Mobility to supply fuel cell modules that will power commuter rail passenger trains across Europe. 

The new deal calls for Ballard to initially deliver 14 fuel cell modules in 2023 as well as an additional 200 fuel cells over the next six years. The modules will be used to power Siemen's Mireo Plus H passenger trains.

David Mucciacciaro, Ballard Chief Commercial Officer stated: "This is a significant milestone for our multi-year collaboration efforts with Siemens Mobility and the future of zero-emission commuter rail in Europe. Our fuel cell technology is an ideal solution to support the heavy payload, long range and rapid refueling requirements of Siemen Mobility's passenger train fleet."

Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. The company’s zero-emission proton-exchange membrane fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power.

Shares of Ballard Power Systems trade on the NASDAQ under the ticker symbol BLDP.