This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Broad Deployment Of Ballard ElectraGen™ Fuel Cell Systems By CALA Region Telecom Providers

VANCOUVER, May 2, 2013 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) today announced that more than 270 of the Company's ElectraGen™ fuel cell backup power systems have now been deployed in 16 Caribbean and Latin American (CALA) telecom networks. All of these commercial deployments leverage systems that utilize liquid methanol fuel, a readily available and abundant feedstock in the region.

Larry Stapleton, Ballard Vice President of Sales said, "We have been very pleased with the growing demand for fuel cell-based backup power products originating with telecom service providers in various parts of the globe. And, this CALA Region milestone is another positive indicator of that demand, as customers recognize the reliability and other advantages of our products as compared to lead-acid batteries and diesel generators."

Ballard has 138 of its ElectraGen™-ME methanol-fuelled systems deployed in the Caribbean - including countries such as Puerto Rico, Jamaica, the Bahamas, St Lucia, Montserrat and Trinidad & Tobago - 114 systems deployed in Mexico as well as 20 systems deployed in Chile, Guatemala and Argentina. In addition, a number of trials are currently underway with other carriers.

In the CALA Region, electric grids are susceptible to power disruptions due to natural disasters and extreme weather conditions. As a result, telecom networks are vulnerable to frequent grid outages, impacting continuity of service to subscribers. This reality is putting a higher focus on the need for extended duration backup power solutions. In these situations, lead-acid batteries and diesel generators are not necessarily a practical or financially attractive means of providing backup power, whereas fuel cell systems can offer a reliable, economic alternative - in addition to being a clean energy solution.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs