Fuel cell manufacturer Ballard Power Systems reveals a new order for 3.6 megawatts of fuel cells, destined for zero-emission stationary power applications.
Ballard Power Systems Secures 3.6 MW Order for Zero-Emission Fuel Cells
Ballard Power Systems, a leading designer and manufacturer of proton exchange membrane fuel cell products, has announced a significant order for its fuel cell systems. The order, placed by an unspecified European clean energy solutions provider, is valued at 3.6 MW and is expected to be delivered in 2023 and 2024.
This order marks a progression in the relationship between Ballard and its customer, following the successful initial roll-out of stationary power units powered by Ballard fuel cells. The fuel cell systems will be used in stationary power units for zero-emission power applications, such as construction sites, EV charging stations, and data centers.
David Mucciacciaro, Ballard's Chief Commercial Officer, stated that there is growing market interest for zero-emissions critical power generation for off-grid and grid-congested applications. He also mentioned that fuel cell-based electricity generators offer high reliability, long run-time, reduced carbon emissions, improved local air quality, and lower noise levels compared to traditional diesel generators.
Ballard Power Systems' vision is to deliver fuel cell power for a sustainable planet. This order is a testament to the company's role in decarbonizing stationary and maritime power. In fact, Ballard recently secured a 6.4 MW order from eCap Marine for fuel cell engines to power zero-emission vessels.
The global fuel cell market is experiencing robust growth, driven by the broader focus on clean energy and decarbonization goals. According to market studies, the fuel cell market was valued around $16.6 billion in 2024 and is forecasted to grow to over $231 billion by 2033 with a CAGR of about 34% during 2025–2033. The stationary power segment is a major part of the expanding market, supported by rising efficiency, governmental incentives, and hydrogen infrastructure development.
Ballard Power Systems is listed on the NASDAQ stock exchange under the ticker symbol BLDP and on the Toronto Stock Exchange under the ticker symbol BLDP. The announcement was made on May 3, 2023. The order includes 36 x 100 kW systems.
This is not the first order from the European clean energy solutions provider; Ballard had previously supplied approximately 1.2 MW of fuel cells to the same customer. Prior to this new purchase order, Ballard had supplied its customer with approximately 1.2 MW of fuel cells.
The company's zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. Ballard Power Systems is expanding its presence in zero-emission stationary and marine power applications, positioning itself alongside competitors like Bloom Energy and Plug Power.
Improvements in fuel cell stack efficiency, durability, and cost reductions boost their competitiveness against other clean energy sources. However, challenges remain in scaling hydrogen infrastructure and reducing initial capital costs. Market studies project the fuel cell stack systems market specifically to grow at a CAGR of around 22% from 2024 to 2035, reaching $23.3 billion by 2035, reflecting rising demand for fuel cell components critical to stationary power systems.
With the increasing demand for zero-emission stationary power, Ballard Power Systems is well-positioned to capitalize on the growing market trends. The company's commitment to sustainable power solutions aligns with global efforts to combat climate change and reduce carbon emissions.
- The use of Ballard Power Systems' fuel cell systems in zero-emission power applications, such as construction sites, EV charging stations, and data centers, is an example of how science and technology can contribute to environmental-science and clean energy, potentially influencing the finance sector as the market for clean energy solutions expands.
- As the global fuel cell market continues to grow, driven by the broader focus on clean energy and decarbonization goals, companies like Ballard Power Systems are advancing the technology, aiming to improve fuel cell stack efficiency, durability, and cost reductions, thus strengthening their position in the competitive clean energy finance landscape.
