{"id":42838,"date":"2021-02-03T18:23:00","date_gmt":"2021-02-03T18:23:00","guid":{"rendered":"https:\/\/wordpress2.hdnweb.com\/2021\/02\/03\/ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship\/"},"modified":"2021-02-03T18:23:00","modified_gmt":"2021-02-03T18:23:00","slug":"ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2021\/02\/03\/ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship\/","title":{"rendered":"Ballard Signs MOU with Global Energy Ventures For Development of Fuel Cell-Powered Ship"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">VANCOUVER, BC<\/span> and <span class=\"xn-location\">WEST PERTH, Australia<\/span>, <span class=\"xn-chron\">Feb. 3, 2021<\/span> \/PRNewswire\/ &#8211; Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures (ASX: GEV; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057768-1&amp;h=4071335037&amp;u=http%3A%2F%2Fwww.gev.com%2F&amp;a=www.gev.com\" rel=\"nofollow\">www.gev.com<\/a>) \u2013 a provider of integrated compressed shipping solutions for the transportation of energy to regional markets, headquartered in <span class=\"xn-location\">Australia<\/span> \u2013 for the development of a new fuel cell-powered ship, called C-H2 Ship, designed to transport compressed green hydrogen. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1432747\/1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1432747\/1.jpg\" title=\"Artist rendering of Global Energy Ventures\u2019 fuel cell-powered C-H2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen (CNW Group\/Ballard Power Systems Inc.)\" alt=\"Artist rendering of Global Energy Ventures\u2019 fuel cell-powered C-H2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen (CNW Group\/Ballard Power Systems Inc.)\"\/><\/a>\n                <\/p>\n<\/p><\/div>\n<p>The power required for a small-scale demonstration of the C-H2 Ship is expected to be under 10 megawatts (MW). At full scale, the C-H2 Ship will have a propulsion power requirement of approximately 26MW, and a containment system for storage of 2,000 tons of compressed green hydrogen. <\/p>\n<p>GEV will be responsible for design approvals, development, financing, and operation of C-H2 Ship, along with integration of the required power system. Ballard will be responsible for design of the fuel cell system for the C-H2 Ship, based on its FCwave<sup>TM<\/sup>\u00a0technology, and will assist GEV with integration of the fuel cell system into the vessel&#8217;s design. Ballard&#8217;s FCwave<sup>TM<\/sup>\u00a0system will obtain its hydrogen fuel from the compressed green hydrogen stored onboard and transported by the vessel.\u00a0\u00a0\u00a0 <\/p>\n<p><span class=\"xn-person\">Martin Carolan<\/span>, Executive Director of Global Energy Ventures said, &#8220;This MOU is a significant step in our development of the Company&#8217;s C-H2 Ship, with hydrogen fuel cells now at the forefront of zero-emission technologies for shipping. We look forward to working with Ballard on the development of the C-H2 Ship&#8217;s fuel cell system and power requirements in line with our development program for a compressed shipping solution for hydrogen marine transport at scale.&#8221;<\/p>\n<p><span class=\"xn-person\">Rob Campbell<\/span>, Ballard Chief Commercial Officer noted, &#8220;Hydrogen and fuel cell technology provide a compelling path for the decarbonization of the maritime sector, one of the key Medium- and Heavy-Duty Motive applications for which our products offer a particularly strong value proposition. Working with Global Energy Ventures will allow us to advance megawatt-scale hydrogen fuel cell and storage integration on board a large marine vessel. We are looking forward to collaborating with GEV on the visionary C-H2 Ship.&#8221;<\/p>\n<p><b>About Ballard Power Systems<br \/><\/b>Ballard Power Systems&#8217; (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, passenger cars and forklift trucks. To learn more about Ballard, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057768-1&amp;h=4017124194&amp;u=http%3A%2F%2Fwww.ballard.com%2F&amp;a=www.ballard.com\" rel=\"nofollow\">www.ballard.com<\/a>.<\/p>\n<p>This release contains forward-looking statements concerning anticipated product performance and other characteristics. These forward-looking statements reflect Ballard&#8217;s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard&#8217;s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. <\/p>\n<p>These statements involve risks and uncertainties that may cause Ballard&#8217;s actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard&#8217;s future performance, please refer to Ballard&#8217;s most recent Annual Information Form. Readers should not place undue reliance on Ballard&#8217;s forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1432789\/2.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1432789\/2.jpg\" title=\"Ballard Power Systems Logo (CNW Group\/Ballard Power Systems Inc.)\" alt=\"Ballard Power Systems Logo (CNW Group\/Ballard Power Systems Inc.)\"\/><\/a>\n                <\/p>\n<\/div>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA69695&amp;sd=2021-02-03\"\/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship-301221739.html\">http:\/\/www.prnewswire.com\/news-releases\/ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship-301221739.html<\/a><\/p>\n<p>SOURCE  Ballard Power Systems Inc.<\/p>\n<\/div>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA69695&amp;Transmission_Id=202102031823PR_NEWS_USPR_____VA69695&amp;DateId=20210203\" style=\"border:0px; width:1px; height:1px;\"\/> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">VANCOUVER, BC<\/span> and <span class=\"xn-location\">WEST PERTH, Australia<\/span>, <span class=\"xn-chron\">Feb. 3, 2021<\/span> \/PRNewswire\/ &#8211; Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures (ASX: GEV; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3057768-1&amp;h=4071335037&amp;u=http%3A%2F%2Fwww.gev.com%2F&amp;a=www.gev.com\" rel=\"nofollow noopener\">www.gev.com<\/a>) \u2013 a provider of integrated compressed shipping&#8230;<\/p>\n","protected":false},"author":1,"featured_media":42839,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[25],"tags":[],"class_list":["post-42838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-geovanny-vicente"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ballard Signs MOU with Global Energy Ventures For Development of Fuel Cell-Powered Ship - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2021\/02\/03\/ballard-signs-mou-with-global-energy-ventures-for-development-of-fuel-cell-powered-ship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballard Signs MOU with Global Energy Ventures For Development of Fuel Cell-Powered Ship - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, BC and WEST PERTH, Australia, Feb. 3, 2021 \/PRNewswire\/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced that it has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures (ASX: GEV; 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