Ballard Power Systems (BLDP) Provides Update on Supply Agreement in India
Ballard Power Systems, a world leader in clean energy fuel cell products, recently provided a status update to the supply agreement between the company and IdaTech and ACME Group. The supply agreement was for a telecom backup power solution in India. Ballard entered into the development and supply agreement with IdaTech and ACME in October 2008 for hydrogen and natural gas-based backup power systems. As previously disclosed, committed purchase volumes in the agreement are subject to meeting product acceptance testing (PAT) timelines. Ballard's primary role in the agreement is to develop a low-cost, liquid-cooled fuel cell stack and to manufacture…