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Benzinga

Business

Akanksha Bakshi

DNV Grants Industry-First Type Approval For Ballard's FCwave Marine Fuel Cell Module

Ballard (Organization) DNV BLDP

Ballard Power Systems Inc (NASDAQ:BLDP) (TSX:BLDP) has earned Europe's first Type Approval for its marine fuel cell module FCwave from DNV, one of the world's top classification and certification agencies.
The Type Approval is a significant step in commercializing Ballard's fuel cell technology for marine applications. It is critical to include fuel cells as part of zero-emission solutions for the marine industry.
"The Type Approval from DNV is highly important in building market confidence in hydrogen fuel cells and validates that FCwave™ is designed, tested, and prepared for installation," said Søren Østergaard Hansen, General Manager, Marine, Ballard Power Systems Europe A/S.
Price Action: BLDP shares are trading lower by 8.29% at $10.95 on the last check Wednesday.

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