Ballard Power Systems posted Q4 revenue of $33.6M (+37.1% Y/Y), beating estimates by $1.36M, with Adjusted EBITDA of -$11.6M.

Heavy Duty Mobility drove growth at $28.6M (+70% Y/Y), with rail revenue surging 892% to $10.8M.

#BallardPower #HydrogenFuelCell #FuelCell #CleanEnergy #Hydrogen

5/...truck manufacturers are advancing hydrogen trucks but moving slowly. As we've heard from companies like #BallardPower, the FCEV bus market continues to grow well for $HPUR. Hydrogen tanks for the space exploration industry was another small bright spot for the Company.

5/...depend more on backup power solutions such as a hydrogen-based product being developed by #Vertiv and #BallardPower as well as systems that have been tested by Microsoft and #PlugPower.

5/...Norlys Fibernet A/S, Denmark’s top fiber network provider. SFC's hydrogen fuel cell tech (acquired from #BallardPower last year) will be used for backup power to strengthen reliability of the network. Lastly in June, #EnergyVault inaugurated its battery and fuel...

5/ US (cont’d): ...in the state. In April, #SierraNorthernRailway completed successful testing of a hydrogen powered switcher locomotives (used to move trains around the railyard) with #BallardPower fuel cells and plans to deploy 4 locomotives into commercial service by 2027.

#BallardPower announced Q4 earnings yesterday striking many similar themes to #PlugPower's call but with some divergence on the stationary fuel cell market (excerpt below). Similarities included strong performance...(1/4) $BLDP $PLUG $F3C #sfcenergy #hydrogen #fuelcells #EnergySky