Ballard Bags Order From Siemens Mobility For Fuel Cell Modules

Ballard Power Systems Inc BLDP has received a purchase order for two of its 200-kilowatt fuel cell modules from Siemens AG's SIEGY Siemens Mobility GmbH.
The fuel cell modules will power a 2-car Mireo Plus H passenger train through a trial operation in Bavaria, Germany.
Ballard plans to deliver the modules ordered by Siemens for the trial operation in Bavaria in 2022.
The Mireo Plus H platform is a modular commuter train designed to operate on non-electrified rail lines at speeds up to 160 kilometers per hour over a range of up to 800 kilometers. Ballard fuel cell modules are mounted on the train's roof and work in conjunction with batteries installed beneath the floor.
The Mireo Plus H will be presented to the public in the spring of 2022, with test runs in Bavaria planned for 2023 before it officially enters passenger service in 2024.
Price action: BLDP shares traded lower by 2.55% at $15.06, while SIEGY was down 3.02% at $76.76 on the last check Thursday.