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Ballard signs $2.5M technology solutions deal for hydrogen backup power systems in China

Ballard Power Systems signed a definitive agreement with Guangdong Nation Synergy Hydrogen Power Technology Co. Ltd. to enable Synergy to manufacture exclusively and sell Ballard’s direct hydrogen FCgen-H2PM fuel cell backup power systems in China.

Under the agreement, Ballard will license the designs of its 1.7 and 5 kilowatt FCgen H2PM systems to Synergy for manufacture in the City of Yunfu in Guangdong Province and exclusive sales in China. Synergy has paid Ballard an upfront Technology Solutions fee of $2.5 million for the license and related technology services and will make additional recurring payments to Ballard for each unit sold, subject to annual minimums. Ballard will also be the exclusive supplier of air-cooled fuel cell stacks to Synergy for use in the FCgen-H2PM systems that it produces and sells.

Ballard recently sold its methanol Telecom Backup Power business assets to Chung-Hsin Electric & Machinery Manufacturing Corporation (CHEM) for a purchase price of up to $6.1 million, while retaining the company’s direct hydrogen fuel cell backup power system assets. The direct hydrogen fuel cell backup power system has since been rebranded FCgen-H2PM. In the transaction with CHEM, Ballard also signed a fuel cell stack supply agreement with CHEM which includes minimum sales of $2 million.

China Tower Corporation is a joint venture established in 2015 through the consolidation of $36 billion in network infrastructure of three telecom operators: China Mobile; China Unicom; and China Telecom. China Tower Corporation provides construction, maintenance and operations services for this consolidation of telecommunication towers and ancillary facilities.

Ballard and Synergy have previously signed a number of deals. These include licensing and equipment supply agreements for fuel cell power modules, parts kits and stacks for buses in China. The largest-ever fuel cell bus agreement, to support the deployment of 300 buses in the cities of Foshan and Yunfu, was signed by Ballard and Synergy in 2015.

Comments

HarveyD

FCs for small telecommunication towers back-up power units have been produced and used for many years.

Larger FC units for buses is interesting and could eventually be used for short range city and long range inter-city buses. It could promote the use of lower cost FCEVs in the near future?

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