Latest news with #fuelcell
Yahoo
2 days ago
- Business
- Yahoo
Ballard announces order for 6.4 MW to eCap Marine for Samskip vessels
VANCOUVER, BC, July 21, 2025 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH ("eCap Marine", a long-standing expert in emission free power, for deployment on two vessels by Samskip ( one of the largest multimodal European operators specializing in short sea, rail, road and barge services. The 32 FCwave™-200 kW engines will be integrated into green marine propulsion systems by eCap Marine and power two vessels in Samskip's fleet to decarbonize routes between Norway and the Netherlands. The order continues the collaboration with eCap Marine which started in 2021. Delivery of the engines is planned for 2025 and 2026. "We're proud to expand our partnership with eCap Marine and Samskip with one of the largest marine fuel cell engine orders in history," said Marty Neese, President & CEO, Ballard Power Systems. "Deploying our fuel cell engines on these two Samskip vessels provides a critical validation point for the use of PEM fuel cell propulsion for maritime applications." Lars Ravens, Managing Director of eCap Marine stated, "Our continued collaboration with Ballard is central to our mission to decarbonize marine transport. This latest order exemplifies our shared commitment to operational excellence and environmental stewardship. Together, we are delivering a clean propulsion solution that meets the rigorous demands of long-haul marine operations." Ballard's FCwave™ is the world's first DNV type-approved fuel cell module for marine applications, ensuring compliance with international maritime safety and design standards. This order is supported by ENOVA, Norway's government agency for energy and climate initiatives, reinforcing the role of public-private collaboration in accelerating the transition to sustainable marine energy solutions. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. About eCap Marine eCap Marine, based in Hamburg, Germany, provides innovative solutions for emission-free shipping by covering propulsion or specific loads on board. With in-house experts in naval architecture, electrical engineering, and hydrogen-based fuels, the company offers comprehensive services ranging from feasibility studies and subsidy support to technical design and handling of hydrogen and its derivatives, ensuring all necessary approvals from relevant authorities until delivering these solutions to their customers. eCap Marine specializes in both mobile and containerized power generation solutions, as well as fixed installations under deck, utilizing, for example, hydrogen and batteries. Their initial hydrogen project has been the retrofitting of an offshore supply vessel by designing and delivering a hydrogen generator (H2PowerPac) with integrated battery storage, and swappable hydrogen tanks—enabling the vessel zero-emission operations through the ecologically sensitive Wadden Sea. Further Information Ballard Power Systems:Sumit Kundu –Investor Relations +1.604.453.3517 or investors@ eCap Marine:Josefin Klindt –Sales Manager +49 40 3562577512 or jkl@ View original content to download multimedia: SOURCE Ballard Power Systems Inc.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Ballard announces order for 6.4 MW to eCap Marine for Samskip vessels
VANCOUVER, BC , /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced the signing of a new purchase order for the supply of 6.4 MW of fuel cell engines to eCap Marine GmbH ("eCap Marine", a long-standing expert in emission free power, for deployment on two vessels by Samskip ( one of the largest multimodal European operators specializing in short sea, rail, road and barge services. The 32 FCwave™-200 kW engines will be integrated into green marine propulsion systems by eCap Marine and power two vessels in Samskip's fleet to decarbonize routes between Norway and the Netherlands . The order continues the collaboration with eCap Marine which started in 2021. Delivery of the engines is planned for 2025 and 2026. "We're proud to expand our partnership with eCap Marine and Samskip with one of the largest marine fuel cell engine orders in history," said Marty Neese , President & CEO, Ballard Power Systems. "Deploying our fuel cell engines on these two Samskip vessels provides a critical validation point for the use of PEM fuel cell propulsion for maritime applications." Lars Ravens , Managing Director of eCap Marine stated, "Our continued collaboration with Ballard is central to our mission to decarbonize marine transport. This latest order exemplifies our shared commitment to operational excellence and environmental stewardship. Together, we are delivering a clean propulsion solution that meets the rigorous demands of long-haul marine operations." Ballard's FCwave™ is the world's first DNV type-approved fuel cell module for marine applications, ensuring compliance with international maritime safety and design standards. This order is supported by ENOVA, Norway's government agency for energy and climate initiatives, reinforcing the role of public-private collaboration in accelerating the transition to sustainable marine energy solutions. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated product deliveries, customer deployments, and customer benefits and market adoption of our products. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation. About eCap Marine eCap Marine, based in Hamburg, Germany , provides innovative solutions for emission-free shipping by covering propulsion or specific loads on board. With in-house experts in naval architecture, electrical engineering, and hydrogen-based fuels, the company offers comprehensive services ranging from feasibility studies and subsidy support to technical design and handling of hydrogen and its derivatives, ensuring all necessary approvals from relevant authorities until delivering these solutions to their customers. eCap Marine specializes in both mobile and containerized power generation solutions, as well as fixed installations under deck, utilizing, for example, hydrogen and batteries. Their initial hydrogen project has been the retrofitting of an offshore supply vessel by designing and delivering a hydrogen generator (H2PowerPac) with integrated battery storage, and swappable hydrogen tanks—enabling the vessel zero-emission operations through the ecologically sensitive Wadden Sea.
Forbes
3 days ago
- Automotive
- Forbes
The Combustion Engine Strikes Back: Volvo Reimagines Hydrogen
Volvo heavy duty trucks (from left to right): electric, fuel cell and hydrogen combustion. We go for better electric solutions, we go for fuel cell electric solutions, and we also continue to invest in combustion engines. As a data point, it's rather interesting to say that last year, 2024, was a record year for us in investing in combustion engines. Some people believe that this is already technology of yesterday, sunset technology, but we believe that combustion engines running on renewable fuels, including hydrogen, will be part of the equation for our industry going forward. Hydrogen and Electric Spirit at Volvo The Volvo Group recognizes that decarbonizing heavy transport will require a diverse mix of technologies. Committed to achieving fossil-free operations by 2040, the company is pursuing a multi-path approach to decarbonization. This strategy centers on three complementary propulsion technologies: battery-electric vehicles, fuel cell electric vehicles—particularly suited for long-haul transport—and hydrogen-powered internal combustion engines tailored for high-load, demanding applications. On July 2, 2025, Volvo Group President and CEO Martin Lundstedt, along with 30 senior executives from leading energy, automotive, and hydrogen companies, signed a joint letter addressed to EU and Member State leaders. Together, they issued a clear and urgent message: hydrogen mobility must be strategically placed at the center of Europe's clean transport and industrial policies. The letter emphasizes that hydrogen is essential to achieving the continent's climate goals and securing its economic resilience. The CEOs warn that without a more coordinated and pragmatic policy framework—particularly to support the rollout of infrastructure—hydrogen mobility in Europe risks stagnation. A similar call to action is urgently needed in the United States. The U.S. heavy-duty hydrogen market has recently lost two of its early movers, Nikola Trucks and Hyzon Motors—companies that, in many ways, entered the market ahead of its readiness. With sales and investor confidence lagging, their exits highlight the fragile state of the industry and pose a threat to the slow development of the country's seven hydrogen hubs. For example, California's ARCHES H2 hub aims to deploy 5,000 hydrogen-powered heavy-duty trucks to serve the Ports of Long Beach and Los Angeles. However, as supplier options dwindle, market development becomes more difficult. While the root challenges may differ between the EU and the U.S., both regions share a critical opportunity: to leverage abundant renewable energy resources and accelerate the transition to a hydrogen-based economy. Volvo Group maintains a comprehensive and locally focused truck manufacturing operation in the United States, producing all Volvo trucks for the U.S. market domestically, about 30,000 per year. The company's primary facility is the New River Valley Plant in Virginia, where trucks are built from the ground up—including cab welding, painting, trimming, and full assembly. This plant also produces autonomy-enabled trucks, equipped with redundant safety systems essential for future autonomous operations. Engines and transmissions are manufactured at Volvo's Hagerstown, Maryland facility and then shipped to Virginia for final integration. This tightly integrated U.S. manufacturing footprint allows Volvo to efficiently serve the North American market, meet regional regulatory requirements, and swiftly implement new technologies such as autonomous driving systems. Electric Trucks on the U.S. Market Volvo Trucks began offering a comprehensive portfolio of electric trucks in 2019. As of April 2025, the company has delivered 5,000 battery-electric trucks to customers across 50 countries. With eight electric truck models currently available, the U.S. market is served by the Volvo VNR Electric with approximately 700 units deployed domestically. The electric model range is designed to meet the needs of urban and regional distribution, as well as the construction and refuse sectors. Volvo's top five markets for electric truck deployments are Germany, the Netherlands, the United States, Norway, and Sweden. In parallel, the company has been actively developing fuel cell trucks through its joint venture with Daimler Trucks, with cellcentric— their joint venture fuel cell company—supplying power units. The latest generation fuel cell system delivers up to 375 kW (>500 Hp) of power. Volvo's fuel cell developments were previously discussed in greater detail in Volvo's Hydrogen Trucks: A 3-Year Journey. Currently, there are five fuel cell trucks in testing, the number is planned to double by 2026, then by 2027 Volvo plans to introduce around 50 trucks in a small-scale customer fleet on European roads. Volvo VNR electric truck offered on the U.S. market. Hydrogen Fueled Engines In recent years, significant competition has emerged among OEMs and engine manufacturers to develop the most effective hydrogen combustion engines as a cost-efficient alternative to more expensive fuel cell powertrains. Being a global industrial giant, Volvo has entered this race not with one but with two innovative solutions based on a diesel engine platform, rather than the more common spark-ignition systems adopted by other manufacturers. In both cases, Volvo technology is based on hydrogen as the main fuel where a small amount of biodiesel ignites hydrogen—an unconventional and bold solution. Volvo's hydrogen combustion engines operate similarly to traditional diesel engines but are specially adapted to handle hydrogen as the main fuel, displacing diesel and reducing particulate and CO₂ emissions from combustion. This technology has been adopted in Volvo engines in cooperation with a marine and stationary technology company that has developed and refined hydrogen–diesel dual-fuel technology. The author came across this company in 2019 while learning about the pioneering hydrogen tugboat plans during a visit to the Port of Antwerp. The approach is to have ultimate flexibility in their engines where amount of added hydrogen can vary up to 85% power coming from it. But their engines can still run 100% on diesel when hydrogen is not available. The Volvo strategy is that the use of hydrogen is maximized, and diesel is just the flame initiating agent—a key aspiration toward sustainability and transition to clean transport. Volvo Penta diesel engine conversion with the hydrogen injection system at the air intake by ... More In the traditional diesel engine, turbocharged air is brought into the cylinder and compressed by a piston moving to the top of the cylinder. At this point, diesel—all of the fuel—is introduced as an atomized spray from the injector directly into the hot air, initiating combustion. This is followed by a power stroke, deriving net power from the engine. In the Volvo-adopted technology, hydrogen is supplied from 350-bar storage tanks and reduced to a lower pressure to enable port injection into the engine's air supply at the moment of air induction and in the appropriate quantity. Hydrogen displaces diesel as fuel. The air–hydrogen mixture is compressed and then ignited by a small injection of diesel that burns completely and produces the required power. This technique allows for controlled ignition and efficient power delivery while minimizing emissions, with no power reduction. Hydrogen can replace up to 85% of diesel. The system is designed to work on top of the engine's existing architecture and electronics, simplifying the overall conversion. When CO₂-neutral biodiesel is used, the engine emits limited CO₂, with water vapor as the main byproduct. While some NOₓ emissions are still present due to high combustion temperatures, they remain within the proposed Euro 7 limits. This approach provides a practical path to decarbonization, particularly for long-haul applications where electric charging or hydrogen fuel cells may not be feasible due to infrastructure or operational constraints. The first deployments of this technology are already underway. Volvo is focusing on developing FH Aero heavy-duty trucks with a 13L engine. In late 2024, the Port of Gothenburg celebrated the opening of Hydri's hydrogen refueling station, enabling Volvo Penta's field testing of a dual-fuel hydrogen–diesel terminal tractor at the RoRo (roll-on/roll-off vehicles) terminal. hydrogen genset features a Volvo Penta Stage V D8 340 hp industrial engine, applying hydrogen dual-fuel technology that could be used in decarbonizing port operations and off-grid power generation. In 2023, the partnership launched Hydrobingo, an 80-passenger ferry operating in Japan, powered by Volvo's dual-fuel engines while achieving CO₂ emissions reductions of up to 54%. Volvo hydrogen combustion engine terminal tractor in testing at the Port of Gethenburg, RoRo ... More Terminal. The second approach, looking into the future, is based on injection technology being further refined by Cespira, a joint venture established in 2024 between Volvo Group and Westport Fuel Systems to accelerate the development and commercialization of high-pressure direct injection (HPDI™) fuel systems for hydrogen and natural gas combustion engines. Westport contributed intellectual property, assets, and business opportunities to the venture, while Volvo acquired a 45% stake for an initial $28 million, with an additional $45 million tied to performance-based milestones. Cespira focuses on adapting internal combustion engine technology to run on cleaner fuels while meeting increasingly stringent emission standards like Euro 7 and U.S. EPA regulations. HPDI-enabled engines offer a viable alternative to fuel cells by allowing continued use of familiar diesel-based engine architecture—making the transition more cost-effective for OEMs and fleet operators. In this setup, hydrogen is injected into the combustion chamber as air is being compressed, along with a small quantity of pilot fuel such as biodiesel, which is used to initiate ignition and the consequent combustion of hydrogen with air. Volvo's fuel injection system uses a dual concentric needle injector—a patented technology that precisely delivers both pilot fuel and hydrogen into the cylinder. It first injects a small amount of pilot fuel to start combustion, followed by high-pressure hydrogen gas. By advancing both dual-fuel and high-pressure direct injection hydrogen technologies—through in-house innovation and strategic partnerships like and Cespira—Volvo is creating practical, scalable alternatives to fossil fuel transport. Together with battery-electric vehicles and hydrogen-powered fuel cell and diesel engines, Volvo's three-pronged strategy is driving targeted competition toward meeting global sustainability standards.
Yahoo
4 days ago
- Business
- Yahoo
Plug Power (PLUG) Surges 8.5% as Fuel Cell Market Begins to Boom
We recently published . Plug Power Inc. (NASDAQ:PLUG) is one of this week's top performers. Plug Power saw its share prices increase by 8.48 percent on Friday to finish at $1.79 apiece as investors took path from research studies that the fuel cell market is expected to expand at a compounded annual growth rate (CAGR) of 21.2 percent through 2029. In a report released by research firm BCC Research LLC, the fuel cell generator market is projected to increase to $3.1 billion over the next four years from $1.4 billion in 2024 amid the growing demand for uninterrupted power supply from businesses and critical services like hospitals and data centers. 'Fuel cell generators provide a steady and dependable power source, especially during grid outages, making them a smart choice for backup or even main power,' it said. Plug Power Inc. (NASDAQ:PLUG), one of the leading fuel cell companies in the US, is among the companies that stand to benefit from the projected expansion, to be supported by the ongoing AI expansion in the US. Syda Productions/ For the second quarter of the year, Plug Power Inc. (NASDAQ:PLUG) expects to book revenues between $140 million and $180 million, with additional improvement from the first quarter in gross margin and working capital performance anticipated throughout the year. While we acknowledge the potential of PLUG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
NuScale (SMR) Surges 34% W/W on Fuel Cell, AI Boom
We recently published . NuScale Power Corporation (NYSE:SMR) is one of this week's biggest players. NuScale Power saw its share prices surge by 34.07 percent week-on-week, ending Friday's trading at $50.25 versus the $37.48 last Friday, as investors turned optimistic about a research study that projected the fuel cell market to expand by more than 21 percent annually through 2029. The highest rally was notable on Friday following BCC Research's release of the Global Fuel Cell Generator Market study that said the sector was projected to increase to $3.1 billion by 2029 from $1.4 billion in 2024, at a compound annual growth rate (CAGR) of 21.2 percent. 'Fuel cell generators provide a steady and dependable power source, especially during grid outages, making them a smart choice for backup or even main power,' it said. Additionally, investors positioned portfolios ahead of the release of NuScale Power Corporation's (NYSE:SMR) release of its second quarter earnings performance on August 8. Investors will be closely watching for cues of deals with companies following President Donald Trump's signing of an executive order in May which would support a government target to quadruple the US nuclear power industry by 2050. While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
