Ballard reports Q1 2020 results

Amid the coronavirus, Ballard Power Systems has recorded record first quarter revenue of $24m, up 50% year-over-year, for its quarter one 2020 results.

The Canadian company’s Power Products platform generated revenue of $12.3m in the quarter, an increase of 95% or $6m.

Heavy Duty Motive revenue was $10.4m, increase of 303% or $7.8m, due primarily to higher shipments of module part kits and MEAs to China.

Material Handling revenue was $0.7m, a decrease of 78% or $2.5m, primarily the result of lower fuel cell stack shipments to Plug Power

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...