Ballard announces additional SDTC funding to advance fuel cell modules Ballard Power Systems announced that it has been awarded approximately C$2M in funding from Sustainable Development Technology Canada, SDTC, for a one-year extension to a project that is furthering commercialization of the company's fuel cell power module for use in the transit bus market. In January 2010, SDTC awarded Ballard up to C$4.8M for a development project under which Ballard has now completed the design, testing and implementation of new sub-systems for its FCvelocity -HD6 power module. The project has improved durability and reliability of the power module as well as reducing its cost.
Ballard Power signs multi-year fuel cell supply agreement with Plug Power Ballard Power Systems (BLDP) announced that it has signed a long term supply agreement with Plug Power (PLUG) to provide fuel cell stacks for use in GenDrive systems deployed in forklift trucks. The new supply agreement replaces an existing agreement and creates the opportunity for Ballard to remain in a leading supply position for fuel cell stacks in Plug Power's GenDrive systems. The new agreement is effective immediately and runs to the end of 2017, with the provision for two 1-year extensions.