Ballard, HDF Commence Construction Of CEOG Renewstable Power Plant

Ballard Power Systems Inc BLDP and its partner, Hydrogene de France, commenced construction of the CEOG Renewstable Power Plant in French Guiana.
This project is part of a multi-staged development agreement between Ballard and HDF. CEOG is the first commercial project for HDF under this agreement.
CEOG is the first order for a new generation of megawatt power fuel cell systems dedicated to stationary applications, which will be mass-produced in the HDF facility in Bordeaux.
The $200 million French Guiana CEOG project will combine a solar park, long-term hydrogen, and short-term battery storage and fuel cells specified by HDF, based on Ballard's ClearGen architecture.
HDF and Ballard anticipate the two 1.5 MW fuel cell systems to be delivered by mid-2023. The systems will utilize Ballard's core FCgen-LCS stack technology.
Price Action: BLDP shares traded higher by 4.74% at $13.7 on the last check Thursday.