This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ballard Sees Positive Developments In Clean Energy Fuel Cell Material Handling Market

Stocks in this article: BLD BLDP

VANCOUVER, May 8, 2013 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) congratulates Plug Power on its recent announcement of a strategic investment from Air Liquide. Plug Power is the leader in providing fuel cell systems in material handling applications with their flagship product GenDrive TM, each powered by a Ballard fuel cell stack. Plug Power customers in grocery, retail, warehousing and manufacturing operations are recognizing productivity and environmental benefits available from fuel cell-powered material handling equipment, and are driving growth in the market.

The direct investment in Plug Power by Air Liquide, one of the leading industrial hydrogen fuelling solution companies, reflects a major commitment to the fuel cell material handling market. As such, it represents a positive and important development. Air Liquide's investment in Plug Power is one of a number of strategic investments in the fuel cell sector announced recently, including Cummins Inc.'s investment in Relion and Anglo American Platinum's investment in Ballard Power Systems.

In the material handling market, an increasing number of companies are re-ordering Plug Power GenDrive TM systems after experiencing financial savings from initial system deployments. For example, Walmart Canada deployed 95 fuel cell lift trucks at its sustainable refrigerated distribution centre in Alberta, Canada, reducing operating costs by $1.1 million over seven years, compared to the use of battery-powered forklift trucks. Walmart now has more than 500 fuel cell forklifts operating in three warehouses, including a freezer facility. Other Plug Power customers with GenDrive TM systems at multiple sites include: Procter & Gamble with 340 systems at 4 sites; Sysco with more than 600 systems at 7 sites; and Coca-Cola with 96 systems at 2 sties.

Plug Power is the leading hydrogen fuel cell supplier for material handling operations in North America, with over 90 percent market share. Ballard Power Systems is the exclusive supplier of liquid- and air-cooled fuel cell stacks for Plug Power's suite of GenDrive TM power units serving the full range of Class 1, 2 and 3 electric forklifts.

Zero-emission fuel cell-powered lift trucks deliver economic, operational as well as environmental benefits, when compared to traditional battery systems operating in high-throughput distribution centre and warehouse environments. Advantages are a direct result of increased forklift productivity, driven by factors that include availability of constant power and minimal hydrogen refuelling time.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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