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Ballard Power Systems' Banks Talk Up ESG Debt as It Eyes Possible Merger & Acquisition (M&A) Deals (Bloomberg)
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Burnaby, BC, January 15, 2021--Ballard Power Systems Inc., a hydrogen cell producer in global expansion mode, is considering adding debt to its balance sheet for the first time in years for acquisitions given current cheap funding costs. "If we go into the market again to raise more capital, particularly for an M&A opportunity, absolutely the debt markets would be something we would prioritize," Chief Financial Officer Tony Guglielmin said in an interview. "Because we fit squarely in the green area, we could access that market and it's very attractive right now in terms of pricing."
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Ballard Announces Order for Modules to Power Scotland's First Fuel Cell-Powered Train
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Burnaby, BC, January 12, 2021--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced a purchase order from Arcola Energy, a U.K.-based leader in hydrogen and fuel cell integration specializing in zero-emission solutions for heavy-duty vehicles and transport applications, for Ballard FCmoveTM-HD fuel cell modules to power a passenger train planned for demonstration during COP26, to be hosted by Glasgow City in November 2021.
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Ballard Board Member Retires
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Burnaby, BC, January 4, 2021--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that Mr. Ian Sutcliffe, a member of the Company's board of directors since 2013, is retiring from the board effective for personal reasons.
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Ballard and Eltek Nordic to Collaborate on Fuel Cell Backup Power Systems for Communication Networks
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Burnaby, BC, December 18, 2020--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced that it has signed a collaboration agreement with Eltek Nordic (www.eltek.com) - a power conversion company headquartered in Drammen, Norway and part of Delta, a global leader in power electronics, automation and infrastructure - to provide reliable backup power solutions for telecom networks and other critical communication infrastructure, with a focus on Nordic countries, primarily Norway, Denmark and Iceland.
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Ballard Applauds Canadian Government's Introduction of a Progressive Hydrogen Strategy
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Burnaby, BC, December 16, 2020--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) said in a release that it recognizes and applauds Canada's Federal Government and Canada's Minister of Natural Resources, the Honourable Seamus O'Regan, for today's launch of the Hydrogen Strategy for Canada (read here), a critical step toward realizing the goal of carbon neutrality in Canada by 2050 as part of the global fight against climate change.
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Ballard Reports Third Quarter 2020 Results - Q3 Revenue up 4%
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Burnaby, BC, November 12, 2020--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced consolidated financial results for the third quarter ended September 30, 2020. Total revenue was $25.6 million in the quarter, a year-over-year increase of 4% or $0.9 million, primarily the result of higher shipments of Heavy-Duty Motive and Backup Power products.
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Ballard and MAHLE to Collaborate on Fuel Cell Propulsion Systems for Heavy- and Medium-Duty Trucks
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Burnaby, BC, October 1, 2020--Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced an agreement to collaborate with MAHLE, a leading international development partner and Tier 1 supplier to the commercial vehicle and automotive industry, on the development and commercialization of zero-emission fuel cell systems to provide primary propulsion power in various classes of commercial trucks.
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