Berlin, Germany, and Vancouver, Canada, 13 May 2019
HPS Home Power Solutions AG (HPS), the Berlin-based energy solutions provider for single-family homes which fulfils the need for energy independence, and Ballard Power Systems, Inc. (“Ballard”; NASDAQ: BLDP; TSX: BLDP), a leading global provider of innovative clean energy solutions, today announced a multi-year agreement under which Ballard will supply FCgen®-1020ACS air-cooled fuel cell stacks to Home Power Solutions to power its picea system. Ballard fuel cell stacks are an integral component of currently installed picea systems.
The agreement marks an important step towards commercialization and scaling-up in production of the picea system as it includes long-term supply, thus securing the supply chain and scalability to high volumes at superior quality. Including refurbishment and recycling of the fuel cell stacks, the agreement establishes a closed use-reuse cycle and is thus in line with HPS’ comprehensive mission for sustainability. For Ballard Power Systems, this collaboration with HPS enables access to the residential energy market and its high growth potential.