Ballard Power (BLDP) Passes Key Milestone for Hydrogen Fuel Cell Deployments in India
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Ballard Power Systems (NASDAQ: BLDP) announced that together with its partner, IdaTech LLC, it has passed a product acceptance milestone and confirmed the order of 310 ElectraGen H2 hydrogen-based units. These units will be used to provide backup power for wireless telecommunications network equipment to ACME Tele Power Ltd customers in the Indian market. The units were designed and built around Ballard's FCgen(TM)-1020 ACS fuel cell stack.
John Sheridan, Ballard's President and Chief Executive Officer said, "Having our FCgen(TM)-1020 ACS fuel cell product pass product acceptance as part of IdaTech's ElectraGen(TM) H2 DC generator is a key proof point in our joint partnership with ACME. This formal acceptance triggers the order of 310 hydrogen units representing around 2MW of total power. Under the terms of the contract announced in October 2008, an order of natural gas units representing 10,000 units or over 70MW of total power is to follow later in 2009, subject to product acceptance tests on our new natural gas product."
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