Ballard Power Systems

Company Snapshot

Founded: 1979
Entity Type: Public
Region: U.S.
Revenue: $69.7 Millions
Revenue Year: 2024
Headquarter: British Columbia, Canada
Key Geographics: U.S., Germany, Canada, China, Poland, U.K., Netherlands, France, Denmark, Belgium, India, Taiwan, Spain, Norway, Australia, Japan
Corporate Address: 9000 Glenlyon Parkway Burnaby, British Columbia V5J 5J8 Canada Tel. +1-604-454-0900 www.ballard.com

Company Overview

Ballard Power Systems designs and manufactures proton exchange membrane (PEM) fuel cell products for material handling, portable power, and backup power applications. It provides various products such as heavy-duty modules, fuel cell stacks, Membrane Electrode Assembly (MEA), bipolar plates, stack design, and backup power systems. Ballard Power Systems offers products to various applications, such as transit buses, automobiles, trucks, rail, material handling, critical infrastructure, defense, and unmanned aerial vehicles (UAV).

The company has a strong focus on R&D capabilities with manufacturing facilities in China, the U.S., and Europe. The company serves customers in North America, Europe, and the Asia-Pacific region globally. The key competitors of Ballard Power Systems are system integrators such as Infintium and forklift manufacturers such as HysterKION, Toyota, and Yale.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Ballard Power Systems In Reports

Global Fuel Cell Generator Market

BCC Research Report: Dive into Fuel Cell Generator Market 2023 is considered a base year, 2024 is an estimated year, and market values are forecasted for five years until 2029.

Global Fuel Cell Stack Market

According to our Research Report the fuel cell stacks market scenarios. 2023 is considered a base year, 2024 is an estimated year, and the market values are forecasted for five years until 2029.

Hydrogen Fuel Cell: Global Markets

BCC Research Market Analyst says global market for hydrogen fuel cells is estimated to increase from $5.1 billion in 2024 to reach $11.0 billion by 2029, at a CAGR of 16.5%.

Company's Business Segments

  • Heavy-Duty Mobility : Heavy-Duty Mobility sement includes Bus Fuel Cell, Truck Fuel Cell, Rail Fuel Cell, Marine Fuel Cell.
  • Stationary : This segment includes Stationary Power Generation Fuel Cell Modules, Stacks, Products, Services
  • Emerging and Other : This segment consisting of Material Handling, Off-Road, Other Applications

Applications/End User Industries

  • Automotive
  • Hydrogen Fuel Cells
  • Rail
  • Transport
  • Marine
  • Infrastructure
  • Transit Bus
  • Trucks
  • Material Handling