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Ballard Signs Long-Term Fuel Cell Contract with Volkswagen

Tiguan-HyMotion
Ballard Power Systems has announced signing of an agreement with Volkswagen Group for a major Engineering Services contract to advance development of fuel cells for use in powering demonstration cars in Volkswagen’s fuel cell automotive research program.

The contract term is for 4-years, with an option for a 2-year extension. The expected contract value is in the range of C$60-100 million.

Work will involve the design and manufacture of a next-generation fuel cell for use in Volkswagen HyMotion demonstration cars. Ballard engineers will lead critical areas of fuel cell product design – including the membrane electrode assembly (MEA), plate and stack components – along with testing and integration work.

Over the past several years, Ballard has made significant advances in its commercial fuel cell products, with average product cost reductions of 60% and increases in product durability. Sales of Ballard’s clean energy fuel cell products have also been accelerating, with a 30% cumulative annual growth rate (CAGR) in revenue since 2010.

Mar 8, 2013Blagojce Krivevski
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Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

March 8, 2013 Electric Car Newsbalalrd, Ballard Fuel Cell, Fuel Cells, Fuel-Cell, hydrogen fuel-cell, Volkswagen fuel cell
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