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
TheStreet Open House

Ballard Backup Power System Deployments Proceeding In Philippines, Post Typhoon Haiyan

Stock quotes in this article: BLD, BLDP

VANCOUVER, May 7, 2014 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP)(TSX: BLD) today announced that installation of the Company's fuel cell telecom backup power systems is proceeding in the Philippines, with 12 ElectraGen™-ME systems now deployed at key sites in metro Manila.

These systems are part of an initial 20-system order received in the third quarter of 2013 from AECi, Ballard's channel partner in the Philippines, for deployment in the network of a major full service telecommunications company in that country.

Due to the severity of Typhoon Haiyan in November 2013, installation of these methanol-fuelled backup power systems was necessarily delayed. Typhoon Haiyan had a devastating impact throughout the Philippines, with 250 kilometer an hour (160 mile per hour) winds creating what President Benigno Aquino called "a national calamity". This extreme weather event reinforced the need for reliable, extended duration backup power capability in order to maintain continuity of communications between emergency services personnel as well as the general public during crisis situations.

"Our methanol-fuelled systems continue to gain traction in South East Asia, and this new deployment in the Philippines is a further proof point," said Steve Karaffa, Ballard's Chief Commercial Officer. "Telecom operators are recognizing the inherent value of fuel cell backup power systems that deliver high network availability during extreme weather events or when the electric grid is simply not reliable."

All 20 of the initial systems will be installed at rooftop locations in metro Manila. Rooftop installations are inherently challenging, however, fuel cell systems provide a number of advantages compared to traditional batteries and diesel generators, including cost effectiveness, quiet operation, light weight and reliable start-up and operation.

The liquid fuel used with the ElectraGen™-ME system is a mixture of methanol and water, branded HydroPlus™, which can be readily delivered to rooftop sites. A 225 liter fuel storage tank, together with the fuel processor which is integrated into the ElectraGen™-ME, enable up to 100 hours of continuous run time when grid power is unavailable.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
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 16,821.08 -221.82 -1.30%
S&P 500 1,948.41 -23.88 -1.21%
NASDAQ 4,424.5890 -68.8010 -1.53%

Brokerage Partners

Rates from Bankrate.com

  • 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