Ballard to power Talgo fuel cell passenger train in European trial, ahead of planned launch in 2023

VANCOUVER, BC and HOBRO, Denmark, October 12, 2021 /CNW/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced today that the company has signed an equipment supply agreement to supply 8 of its 70-kilowatt FCmoveMT-HD fuel cell modules to Talgo SA (Talgo; www.talgo.com) – a leader in the design, manufacture and maintenance of high-speed light rail trains, headquartered in Madrid, Spain – for testing its suburban and regional passenger train Talgo Vittal-One. Talgo plans to conduct its demonstration in early 2022 at Spainwith commercialization planned for 2023.

Talgo Vittal-One commuter and regional passenger train (CNW Group/Ballard Power Systems Inc.)

Talgo has an industrial presence in Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and in the United States, and is recognized worldwide for its capacity for innovation, its unique and distinctive technology and its reliability.

Emilio Garcia, Talgo’s chief innovation officer said, “Green hydrogen is no longer the future, it’s a reality. The introduction of hydrogen trains, like the one Talgo is developing, will improve mobility and have a positive impact on the environment by replacing diesel technology. This will allow us to make the most of non-electrified railways in many countries, while reducing the carbon footprint.” Mr Garcia continued: “The announcement earlier this year of EU policies to accelerating decarbonization further validates this key step in the early adoption of hydrogen trains to achieve these greenhouse gas reduction goals.

Oben-UlucBallard Director of Sales for the EMEA region and India said: “We are delighted to be working with Talgo throughout the testing phases of its Talgo Vittal-One train. This relationship is another sign of the growing momentum in the deployment of zero-emission fuel cell propulsion solutions in the rail industry in many geographies. Fuel cell systems allow conventional rail networks to realize the benefits of electrification without the costs and infrastructure challenges of overhead catenary wiring.”

The modular system designed by Talgo is intended for installation on all types of passenger trains, as well as in upgrades or retrofits from diesel to hydrogen. The innovative system uses hydrogen and fuel cells for propulsion, supplemented by batteries that assist the train from a standing start and take advantage of the braking system to recharge. Hydrogen technology is an appropriate solution for heavy transport applications such as trains, where rail lines currently do not have catenary electrification systems and rely on diesel engines.

About Ballard Power Systems
The vision of Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is to provide fuel cell power for a sustainable planet. Ballard’s zero-emission PEM fuel cells enable the electrification of mobility, including buses, commercial trucks, trains, ships, passenger cars and forklifts. To learn more about Ballard, please visit www.ballard.com.

Forward-looking statements
This press release contains forward-looking statements regarding the development and delivery of fuel cell products, as well as their benefits and anticipated market adoption. These forward-looking statements reflect Ballard’s current expectations as contemplated by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All of these statements are based on Ballard’s assumptions regarding its financial forecasts and expectations regarding its product development efforts, manufacturing capacity and market demand. For a detailed discussion of the factors and assumptions on which these statements are based, and factors that could cause our actual results to differ materially, please see Ballard’s most recent management discussion and analysis. Other risks and uncertainties that could cause Ballard’s actual results to differ materially include general economic and regulatory changes, adverse dependence on third parties, successful execution of our business plans, and achieving and maintaining profitability. . For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please see Ballard’s most recent Annual Information Form. These forward-looking statements are provided to enable external stakeholders to understand Ballard’s expectations as of the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements, and Ballard undertakes no obligation to update them or post any revisions to them, except as required by applicable law.

Further information :
Kate Charton – VP Investor Relations +1.604.453.3939, [email protected] or [email protected]

Ballard Power Systems logo (CNW Group/Ballard Power Systems Inc.)

Ballard Power Systems logo (CNW Group/Ballard Power Systems Inc.)

Quote

Quote

View original content to download multimedia: https://www.prnewswire.com/news-releases/ballard-to-power-talgo-fuel-cell-passenger-train-in-european-trial-ahead-of-planned -2023-launch-301397781.html

SOURCE Ballard Power Systems Inc.

Quote

Quote

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/12/c7092.html

Jose P. Rogers