Ballard Announces Orders For 70 Hydrogen Fuel Cell Engines For Delivery To Wrightbus In 2024; Expects Delivery Of The Fuel Cell Engines To Occur In 2024, And The Buses To Enter Into Service In 2025, No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ballard Power Systems announced orders for 70 hydrogen fuel cell engines from Wrightbus for delivery in 2024, with the buses expected to enter service in 2025. This marks a significant step in the deployment of hydrogen-powered buses in the UK and Europe, aiming to decarbonize public transit.
April 16, 2024 | 12:36 pm
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Ballard Power Systems receives a significant order for 70 hydrogen fuel cell engines from Wrightbus, indicating a strong demand for its technology in the public transportation sector.
This order represents a significant business development for Ballard Power Systems, highlighting the company's growing influence in the hydrogen fuel cell market, particularly in the public transportation sector. The announcement could positively influence investor perception and stock price in the short term due to the potential revenue increase and the strategic importance of expanding into European markets.
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