Ballard Power Systems (BLDP) said Thursday it will deliver 98 fuel cell engines with a total power of about 20 megawatts to Canadian Pacific Kansas City (CP) next year.
The supply of the fuel cell engines for use in the North American freight rail market is included in the new long-term supply agreement between the two companies, Ballard said.
The agreement builds on the companies' existing partnership that began in 2021 and has included the delivery of about 10 MW of fuel cell engines to date, Ballard said.
Ballard shares advanced 11% in recent trading.
Price: 1.61, Change: +0.16, Percent Change: +11.03
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments