Bus

Ballard signs $11 million Chinese fuel-cell bus deal

Posted on October 3, 2013

Ballard Power Systems signed a multi-year definitive agreement to support Azure Hydrogen’s (Azure’s) zero-emission fuel-cell bus program for the China market. Azure plans to partner with Chinese bus manufacturers in a phased development program for deployment of zero-emission fuel-cell buses in China, utilizing Ballard’s fuel-cell technology.

For the first phase of the program, Ballard has agreed to provide a license, associated equipment and engineering services to enable assembly of FCvelocity-HD7 bus power modules by Azure in China. As per the agreements, once this assembly capability is established, Azure will assemble modules with fuel-cell stacks to be supplied exclusively by Ballard.

The expected value of the contract to Ballard over the initial 12 months of the first phase will be approximately $11 million, related to the license for module assembly together with associated equipment and services. If Azure’s China bus program progresses as planned, the contract will generate value beyond the $11 million license revenue, commensurate with the volume of fuel-cell stacks to be ordered.

Azure plans to secure funding from Chinese sources, including both private investors and governments, to enable the development of fuel-cell bus fleets in China for initial public transit service by 2015.

FCvelocity-HD7 will be the next-generation of Ballard’s fuel-cell power module, designed specifically for integration into bus applications. The product reflects improved durability and reliability as well as a significant reduction in cost, according to the company. This key product development initiative has been supported by Sustainable Development Technology Canada, an arm of the Government of Canada that helps commercialize Canadian clean technologies, readying them for growth and export markets.


View comments or post a comment on this story. (0 Comments)

More News

FTA confirmed to speak on new bus testing rule, more at BusCon 2016

A Transit Maintenance Forum pass is $98 and includes the forum as well as access to BusCon’s full educational program, the exhibit hall full of buses, networking event at the Indianapolis Motor Speedway Museum and much more.

Forest River ranks Top 3 Spots in Ford's top volume accounts

Starcraft Bus, Elkhart Coach and Glaval Bus finished first, second and third, respectively.

Tripling of insurance premiums confronts bus drivers in labor dispute

The cost of Blue Cross Blue Shield of Michigan coverage for The Rapid drivers is proposed to spike 49 percent Oct. 1, pushing up monthly premiums for family coverage by $669.

CapMetro plan would nearly triple high-frequency routes

The changes recommended in the Connections 2025 draft plan would be implemented in phases over the next 10 years.

French bus operator becomes first in Europe to accept Bitcoin

Isilines, a new long-distance passenger transport division of Transdev Group, has been using Bitcoin as a method of payment alongside traditional credit card payments on its website since early August.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close