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Ballard and Siemens Sign $9M Development Agreement For Fuel Cell Engine

Vancouver, Canada and Munich, Germany - Ballard Power Systems announced that it has signed a Development Agreement with Siemens AG for the development of a zero-emission fuel cell engine to power Siemens’ Mireo light rail train. The Development Agreement has a contemplated value of approximately $9.0 million to Ballard.

Under the terms of the Development Agreement, Ballard will develop a 200 kilowatt fuel cell engine for integration into Siemens’ new Mireo train platform. Mireo is a modular commuter train platform designed for speeds of up to 160 kilometers per hour (100 miles per hour). According to Ballard Power the Mireo will consume up to 25% less energy than trains with similar passenger capacity thanks to lightweight design, energy-efficient components and intelligent onboard network management. Initial deployments of the fuel cell-powered Mireo train are planned for 2021.

Randy MacEwen, Ballard President and CEO: “We are seeing rapid market demand growing for clean energy fuel cell technology in a range of Heavy Duty Motive applications, including trains, trams, transit buses and commercial trucks. The Development Agreement with Siemens is a testament to the overall value proposition offered by Ballard’s fuel cell technology in a demanding use case and duty cycle, he added.

Siemens is the largest industrial manufacturing company in Europe, headquartered in Munich, Germany and with offices around the globe. Siemens has more than 350,000 employees worldwide and the Company generated revenue in excess of €79 billion (USD$94 billion) in 2016.

Source: IWR Online, 14 Nov 2017