2022 年 1 月 19 日

Ballard Fuel Cells to Power Expansion of Canadian Pacific Hydrogen Locomotive Program

VANCOUVER, CANADA Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced today it received an order for eight additional 200 kW fuel cell modules to support the expansion of Canadian Pacific’s (“CP”; TSX: CP; NYSE: CP) Hydrogen Locomotive Program from one to three locomotives, with expected delivery in 2022. Inclusive of Ballard’s announcement in March 2021, the company will provide a total of 14 fuel cell modules, each module with a rated power output of 200 kW, to support this program.

CP, an industry leader in the North American rail sector, significantly expanded its Hydrogen Locomotive Program, from one to three hydrogen locomotives. This expansion is partially supported by C$15 million in funding from Emissions Reduction Alberta (ERA) as part of its Shovel-Ready Challenge announced late last year. The CP program was selected as one of sixteen emissions reduction projects to receive provincial funding. CP intends to refine the process of converting diesel-electric powertrains to hydrogen-electric powertrains over a series of three categories of locomotives which collectively represent the majority of locomotives in use throughout North America.

“In expanding this groundbreaking project, CP is demonstrating its commitment to combatting climate change through transformative technology," said Keith Creel, CP's President and Chief Executive Officer. "I am very pleased that Emissions Reduction Alberta selected this program for a grant and I eagerly anticipate seeing a hydrogen-powered locomotive move CP customer freight in the near future.”

“We are excited to deepen our collaboration with CP and accelerate the energy transition,” said Randy MacEwen, Ballard’s President & CEO. “The expansion of CP’s Hydrogen Locomotive Program is illustrative of the confidence in Ballard’s fuel cell technology and the important role hydrogen fuel cells will play in decarbonizing heavy-duty motive applications, such as freight locomotives.”

“Alberta is investing to lead the transition to affordable, reliable and clean energy. CP's initiative represents a highly compelling opportunity to catalyze the hydrogen economy in Alberta and around the world," said Steve MacDonald, CEO of ERA. "The project will help scale up technology and bring down the costs of deploying hydrogen to address the critical challenge of decarbonizing the long haul, heavy-freight sector.”

关于巴拉德动力系统

巴拉德动力系统(纳斯达克股票代码:BLDP;多伦多证券交易所股票代码:BLDP)的愿景是交付燃料电池电源解决方案,推动可持续发展。巴拉德零排放 PEM 燃料电池可实现电动汽车出行,包括客车、商用卡车、火车、海船、乘用车及叉车。了解更多关于巴拉德的信息,请访问 www.ballard.com

前瞻性陈述

This release contains forward-looking statements concerning the development and delivery of fuel cell products and CP's use of such products, and the benefits and anticipated market adoption of them by CP and others. 这些前瞻性表述反映了巴勒德目前按照经修订的 1933 年证券法第 27A 条和经修订的 1934 年证券交易法第 21E 条作出的预期。任何这样的前瞻性表述都是基于巴拉德对其产品开发工作、制造产能和市场需求的财务预测和期望的假设。关于此类表述依据的因素和假设,以及可能导致我们的实际业绩或成果发生重大差异的因素的详细讨论,请参阅巴拉德最新管理探讨和分析。可能导致巴拉德的实际结果发生重大差异的其他风险和不确定性包括:一般经济和监管变化、对第三方的不利依赖、成功实现业务计划,实现和维持盈利能力。有关可能影响巴拉德未来业绩的这些和其他风险因素的详细讨论,请参阅巴拉德最新的年度信息表。此类前瞻性表述仅供外部利益相关者了解巴拉德截止本新闻稿发布之日起作出的预期,不适合其他用途。读者不应过分依赖此类前瞻性表述,而且巴拉德不承担更新或发布对这些前瞻性表述的任何修订的义务,适用法律规定的情况除外。

更多信息

Kate Charlton – 投资者关系副总裁 +1.604.453.3939,media@ballard.cominvestors@ballard.com

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