VANCOUVER, BC, April 16, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced multiple purchase orders totaling 70 FCmove®-HD hydrogen fuel cell engines from its customer Wrightbus, a UK-based bus manufacturer deploying hydrogen-powered buses in the UK and Europe. Ballard expects delivery of the fuel cell engines to occur in 2024, and the buses to enter into service... Read more
DANBURY, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), announced that its carbonate fuel cell technology will be used in a biogeneration project developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity. One of the company’s 2.8-Megawatt carbonate fuel cell platforms, which produces power and... Read more
arbonate fuel cell technology captures CO2 emissions from industrial sources, while simultaneously generating electricity and hydrogen, valuable co-products that can reduce the cost of carbon capture and storage. Updated terms of agreement provide that FuelCell Energy can market its original generation of carbon capture technology in addition to a modified version of its original technology that... Read more
BOSTON / Apr 04, 2024 / Business Wire / Advent Technologies Holdings, Inc., an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advent Technologies A/S (“Advent”), has signed a Joint Development Agreement (“JDA”) with Siemens Energy, one of the world's leading energy technology companies. The newly signed JDA... Read more
VANCOUVER, BC and BOLECHOWO, Poland, April 1, 2024 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a Long Term Supply Agreement ("LTSA") with its customer Solaris Bus & Coach sp. z o.o. ("Solaris"; www.solarisbus.com), a leading European bus manufacturer, for the supply of 1,000 hydrogen fuel cell engines through 2027 for the European transit... Read more
VANCOUVER, BC, March 27, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the appointment of Ms. Jacqueline (Jacqui) Dedo to the Ballard Board of Directors. Ms. Dedo brings relevant experience to the Board with her background in the transportation industry, including electrified propulsion in heavy-duty mobility, while also bringing complementary competencies related... Read more
Announces first commercial delivery of fuel cell electric truck in the U.S. BOLINGBROOK, Ill., March 22, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced its fourth quarter 2023 financial... Read more
VANCOUVER, BC and ROCKWALL, Texas, March 14, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced it has received notification from the Hydrogen and Fuel Cell Technologies Office within the U.S. Department of Energy (DOE) that Ballard's applications for two grants totaling US$40 million under the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program have... Read more
COLUMBUS, Ind. / Mar 13, 2024 / Business Wire / Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE: CMI), has reached a significant milestone by successfully commissioning its first fuel-cell-powered locomotive for freight rail applications. Replacing typical diesel generators, Accelera fuel cells now serve as the primary power unit in the conversion project of a light... Read more
Australian Team Brings Zero-Emissions Alternatives to Region's Long-Haul Operators U.S. Developed Fuel Cell Technology Offers Smaller, Lighter, More Fuel-Efficient Option for Global Applications BOLINGBROOK, Ill., March 11, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S. based leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric... Read more
VANCOUVER, BC, March 11, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the fourth quarter ended December 31, 2023. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). "Our transition to a commercial products company is gaining momentum,... Read more
First Quarter Fiscal 2024 Financial Summary(All comparisons are year-over-year unless otherwise noted) Revenues of $16.7 million compared to $37.1 million Gross loss of $11.7 million compared to a gross profit of $5.2 million Loss from operations of $(42.5) million compared to $(22.5) million Net loss per share was $(0.05) in both quarters DANBURY, Conn., March 07, 2024 (GLOBE NEWSWIRE)... Read more
VANCOUVER, BC, March 5, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced an order for 15 megawatts (MW) of fuel cell systems from a UK-based company specializing in renewable off-grid power generation. Ballard expects to deliver 150 x FCmove®-HD+ 100 kW systems beginning in late 2024 and continuing through 2025. The current order of 15 MW of fuel cell systems follows... Read more
BOSTON / Mar 05, 2024 / Business Wire / Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space (the “Company” or “Advent”), is pleased to announce that its subsidiary, Advent Technologies A/S, has received approval for funding for its latest research and development project, RiverCell 3. This project aims to develop a maritime... Read more
LATHAM, N.Y., March 01, 2024 (GLOBE NEWSWIRE) -- Today, Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy announced its financial results and operational milestones for the quarter and fiscal year ended December 31, 2023. With a steadfast commitment to advancing the green hydrogen economy, the Company has achieved significant progress... Read more
BOSTON / Feb 26, 2024 / Business Wire / Advent Technologies, an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce that its wholly owned subsidiary, Advanced Energy Technologies S.A., has received the formal invitation from the Greek Ministry of Economy and Finance to immediately submit the requested documentation for its Green HiPo Important Project of... Read more
LATHAM, N.Y., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, and Uline, the leading distributor of shipping, industrial and packaging materials to businesses throughout North America, announced their expanded partnership to deploy Plug’s hydrogen infrastructure and fuel cell solutions at Uline’s... Read more
COLUMBUS, Ind. / Feb 22, 2024 / Business Wire / Cummins Inc. (NYSE: CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. “These leaders each demonstrate, in their own unique ways, a commitment to making a... Read more
DANBURY, Conn., Feb. 19, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL), a global energy delivery and emission management company, today announced the release of its 2023 Annual Report and its 2023 Sustainability Report. These reports reflect the company's ongoing commitment to accountability and sustainability in all aspects of its operations. 2023 Annual Report The 2023 Annual... Read more
COLUMBUS, Ind. / Feb 12, 2024 / Business Wire / Today, Cummins Inc. (NYSE: CMI) announced the election of John H. Stone to its Board of Directors. “I am delighted to welcome John to our Board of Directors,” said Jennifer Rumsey, Chair and CEO, Cummins Inc. “John joins our board with deep expertise in our industry and leading strategic, technology-led growth and expansion initiatives, which will... Read more
Joint Development Agreement to Bring Fuel Cell Electric Trucks to the North American Refuse Market; Scheduling in Progress for Trials in First Half of 2024 BOLINGBROOK, Ill., Feb. 6, 2024 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), and privately... Read more
Fourth quarter 2023 revenues of $8.5 billion; GAAP1 Net Loss of $1.4 billion Fourth quarter 2023 EBITDA was negative 10.3% of sales; Diluted EPS of $(10.01) The results for the fourth quarter 2023 reflect: $2.04 billion, or $13.76 per diluted share, charge related to the previously announced agreement to resolve U.S. regulatory claims $42 million, or $0.22 per diluted share, of costs related... Read more
Four Hydrogen Trucks to Hit the Road in Southern California as Part of Performance Food Group's Decarbonization Efforts FONTANA, Calif., Jan. 25, 2024 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that it delivered four FCEVs... Read more
Deployed 19 Hydrogen Fuel Cell Trucks Across Three Continents in 2023, Meeting Guidance of 15-20 Trucks Produced 25 200kW Fuel Cell B-Samples, Advancing Development to C-Sample Stage Leading Heavy-Duty Single Stack 200kW Fuel Cell Technology On Track to Begin Production in 2H 2024 ROCHESTER, N.Y., Jan. 9, 2024 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a... Read more
BOSTON / Jan 08, 2024 / Business Wire / Advent Technologies Holdings, Inc. (NASDAQ: ADN), an innovation-driven leader in the fuel cell and hydrogen technology space, is delighted to announce that its subsidiary, Advent Technologies, A/S, has secured funding approval for its latest research and development project from the Danish Energy Technology Development and Demonstration Program (“EUDP”). The... Read more
VANCOUVER, BC and WINNIPEG, MB, Jan. 3, 2024 /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); (www.nfigroup.com), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions in North America and Europe. The agreement marks a new phase... Read more
VANCOUVER, BC, Jan. 2, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the appointments of Mr. CHEN Wenmiao (Michael Chen) and Mr. WANG Yingbo (Yingbo Wang) to the Ballard Board of Directors to serve as Weichai's nominees following the planned retirements of Mr. Kevin Jiang and Mr. Sherman Sun from Ballard's Board. Jim Roche, Ballard's Chair, commented, "Michael and... Read more
Fourth Quarter Fiscal 2023 Financial Highlights(All comparisons are year-over-year unless otherwise noted) Revenues of $22.5 million compared to $39.2 million Gross loss of $(1.5) million compared to $(15.2) million Loss from operations of $(36.4) million compared to $(42.7) million Net loss per share was $(0.07) compared to $(0.11) Fiscal Year 2023 Financial Highlights(All comparisons are... Read more
BOSTON / Dec 18, 2023 / Business Wire / Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent” or the “Company”), an innovation-driven leader in the fuel cell and hydrogen technology sectors, is pleased to announce the signing of a new frame contract with Volta Energy. Volta Energy, a Dutch company founded by brothers Roel and Luc Bleumer, specializes in the development of hybrid mobile... Read more
ZURICH, Switzerland, Nov. 28, 2023 (GLOBE NEWSWIRE) -- IBM and FuelCell Energy, Inc. (Nasdaq: FCEL) today announced they will work together to boost the performance of FuelCell Energy’s technology using Foundation Models, a form of generative Artificial Intelligence (AI). The aim of this collaboration is to support both companies’ efforts to lead a global transition to renewable energy sources... Read more
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