Ballard’s Q2 revenues down 16% year-on-year
In Canada, Ballard reported its total revenues for the second quarter of the year reached $20.9 million, down 16% year-over-year. The company’s Power Products revenue amounted to $13.5 million in Q2, down 14% year-on-year, chiefly due to lower shipments of fuel cell products.
“We continue to see policy momentum across the globe to support our vision of decreasing our planet’s emissions. We believe our product offering will make a meaningful impact on the energy transition by enabling our customers with zero emission solutions,” said Randy MacEwen, President and CEO.
“We are encouraged by our continued progress with platform customers as they advance commercialization of zero-emissions fuel cell solutions in a variety of attractive applications and markets. The European bus market is an example of the growing scale of fuel-cell solutions, with public transport operators in Cologne, Germany and West Midlands, UK announcing plans to deploy additional hydrogen fuel cell bus fleets of 100 and over 120, respectively,” the executive added.
Ballard received approximately $12.3 million of new orders in the quarter, and delivered orders valued at $20.9 million.
Category: Fuels
