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Benzinga

Business

Akanksha Bakshi

Ballard Bags Additional Order To Support Canadian Pacific's Hydrogen Locomotive Program Expansion

CP BLDP

Ballard Power Systems Inc (NASDAQ:BLDP) received an order for eight additional 200 kW fuel cell modules to support the expansion of the Canadian Pacific Railway Ltd's (NYSE:CP) Hydrogen Locomotive Program from one to three locomotives.
Inclusive of Ballard's announcement in March 2021, the company will provide a total of 14 fuel cell modules to support the program. Financial terms not disclosed.
"We are excited to deepen our collaboration with CP and accelerate the energy transition," said Randy MacEwen, Ballard's President & CEO.
Price Action: BLDP shares are trading lower by 2.16% at $10.44 and CP higher by 0.72% at $76.10 on the last check Wednesday.

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