Ballard Bags Order From Siemens Mobility For Fuel Cell Modules

Akanksha
1 min read
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In this article:

  • Ballard Power Systems Inc (NASDAQ: BLDP) has received a purchase order for two of its 200-kilowatt fuel cell modules from Siemens AG's (OTC: SIEGY) Siemens Mobility GmbH.

  • The fuel cell modules will power a 2-car Mireo Plus H passenger train through a trial operation in Bavaria, Germany.

  • Ballard plans to deliver the modules ordered by Siemens for the trial operation in Bavaria in 2022.

  • The Mireo Plus H platform is a modular commuter train designed to operate on non-electrified rail lines at speeds up to 160 kilometers per hour over a range of up to 800 kilometers. Ballard fuel cell modules are mounted on the train's roof and work in conjunction with batteries installed beneath the floor.

  • The Mireo Plus H will be presented to the public in the spring of 2022, with test runs in Bavaria planned for 2023 before it officially enters passenger service in 2024.

  • Price action: BLDP shares traded lower by 2.55% at $15.06, while SIEGY was down 3.02% at $76.76 on the last check Thursday.

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