Ballard Power Systems Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Marty T. Neese
- Full Time Employees
- 492
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- 9000 Glenlyon Parkway Burnaby BC Canada V5J 5J8
- IPO Date
- Jun 15, 1993
- Website
- ballard.com
- Similar Companies
- Business
- Ballard Power Systems Inc. designs, develops, manufactures, sells, and services proton exchange membrane (PEM) fuel cell products primarily for heavy-duty motive markets including buses, trucks, rail, and marine applications, as well as stationary power and material handling sectors. Its core product portfolio includes heavy-duty fuel cell modules under the FCmove™ brand, fuel cell stacks like the FCgen®-HPS series, and related product solutions encompassing consultancy services, product integration support, customization programs, and training. Ballard targets global markets, with significant operations in North America, Europe, China, and other regions, focusing on zero-emission power solutions that offer high power density, durability, and reliability for demanding duty cycles. Founded in 1979 and headquartered in Burnaby, British Columbia, Canada, the company maintains strategic partnerships such as the notable alliance with Weichai Power to supply fuel cell systems for the Chinese market. In the last 1-2 years, Ballard has made significant operational and strategic advances including a record-breaking 2024 with $113 million in new order intake, elevating its year-end order backlog to $173.5 million. In 2025, it reported substantial revenue growth and loss reduction, driven by strong deliveries in bus and rail sectors across North America and Europe. The company achieved a 15% gross margin supported by product cost reductions and contract provision improvements. Ballard continued restructuring, lowering operating expenses and capital expenditures significantly. Notable recent developments include securing major marine orders, expanding product customization with multiple generations of fuel cell systems, and maintaining certified solutions for automotive, rail, and marine applications. It holds investments in hydrogen infrastructure funds in Europe and has been actively supporting clean energy projects and expanding its technological and service offerings globally. These efforts underscore Ballard’s commitment to scaling zero-emission fuel cell technologies and accelerating sustainable mobility worldwide.
Company News
Review of the Ballard Forum
Ballard and GeoPura put clean energy center stage in a hydrogen-powered summer of music and sport
Ballard Announces Q3 2026 Results Conference Call
Ballard Announces Q3 2026 Results Conference Call
Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania
Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania
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Ballard launches Fleet360 services for new North American FCmove®-HD+ fleets at APTA EXPO 2026
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Ballard finalise l'acquisition de GeoPura et devient ainsi un fournisseur intégré de solutions énergétiques à l'hydrogène
Ballard closes acquisition of GeoPura, becoming an integrated hydrogen energy solutions provider
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Ballard Reports Q2 2026 Results
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