All Articles
Climate Tech

Ballard Power Lands Largest Hydrogen Fuel Cell Engine Purchase Ever

April 1, 2024
x min read

Hydrogen fuel cell powered buses might be the future of public transportation.

What’s happening:

  • Ballard Power (NASDAQ: BLDP) has announced a new purchase agreement with European bus manufacturer Solaris to supply them with 1,000 hydrogen fuel cell engines

Why it matters:

  • This is the single largest purchase of fuel cell engines Ballard Power has ever received since the inception of the company
  • Hydrogen fuel cell engines for buses represents one of the most seamless ways to decarbonize public transportation away from fossil fuel powered vehicles

By the numbers:

  • Solaris plans to use the new fuel cell engines to operate buses in 22 different countries across Europe

Market reaction:

  • Shares of Ballard Power jumped +17% after the announcement

Going deeper:

Discover what’s next. The world’s biggest ideas, disruptive trends, most exciting early stage companies and groundbreaking entrepreneurs.

By clicking Subscribe you're confirming that you agree with our Privacy Policy.
Thanks for subscribing!
Keep an eye out for a welcome email shortly.
Oops! Something went wrong while submitting the form.