DNV Grants Industry-First Type Approval For Ballard's FCwave Marine Fuel Cell Module

Ballard Power Systems Inc BLDP BLDP has earned Europe's first Type Approval for its marine fuel cell module FCwave from DNV, one of the world's top classification and certification agencies.
The Type Approval is a significant step in commercializing Ballard's fuel cell technology for marine applications. It is critical to include fuel cells as part of zero-emission solutions for the marine industry.
"The Type Approval from DNV is highly important in building market confidence in hydrogen fuel cells and validates that FCwave™ is designed, tested, and prepared for installation," said Søren Østergaard Hansen, General Manager, Marine, Ballard Power Systems Europe A/S.
Price Action: BLDP shares are trading lower by 8.29% at $10.95 on the last check Wednesday.