Ballard Power lands great deal for deployment of fuel cell buses in China

Vancouver, Kanada / Foshan & Yunfu, China

The deal has an estimated initial value of $17 million through 2016, with the opportunity for significant recurring royalties starting in 2017. The agreement includes supply and sale of fully-assembled fuel cell power modules, ready-to-assemble module kits, a technology license for localization of assembly, supply of proprietary fuel cell stacks and long-term recurring royalties leveraged to unit volumes of locally assembled modules.

Source: IWR Online, 28 Sep 2015