October 24, 2020

Ballard Expanding MEA Production Capacity 6x to Meet Expected Growth in Fuel Cell Electric Vehicle Demand

VANCOUVER, BC, Sept. 28, 2020 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the company is expanding manufacturing capacity for production of its proprietary membrane electrode assemblies, or MEAs – a critical component of every fuel cell – 6x by early 2021 at its headquarter facility in Vancouver. The upgraded capacity for production of 6 million MEAs annually, equivalent to approximately 1.66 Gigawatts of product, will make Ballard’s Vancouver facility the largest fuel cell MEA production operation globally for commercial vehicles. Details of the expansion plan will be reviewed at Ballard’s virtual “Investor and Analyst Day 2020” event being held on September 29th, with further event details available here.

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

“We embarked on a strategic investment to expand MEA manufacturing capacity approximately 18-months ago in preparation for expected growth in the demand for fuel cell engines

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