Ford Signs US$22 million Deal for Ballard Fuel Cells

Ballard Power Systems has signed a three-year agreement worth US$22 million with Ford Motor to supply the car manufacturer with Mark 900 Series fuel cell power modules.

VANCOUVER, British Columbia, CA, 2001-10-01 [] Including engineering and support services, the deal is the largest order for Ballard fuel cells to date as part of Ford’s commitment to deliver fuel cell vehicles. “Ford is not only our strategic partner, but also a customer that is assisting Ballard in preparing for the commercial launch of fuel cell vehicles,” says Ballard CEO Firoz Rasul. “We intend to launch our first commercial fuel cell vehicle in 2004 and this agreement with Ballard will enable us to achieve that goal,” adds John Wallace of Ford. Ballard develops and manufactures zero-emission proton exchange membrane fuel cells for use in transportation, electricity generation and portable power products. The Canadian company is partnering with DaimlerChrysler, Ford, ALSTOM and EBARA to commercialize its fuel cells, which it has also supplied to Honda, Nissan, Volkswagen, Yamaha, Cinergy, Coleman Powermate and Matsushita Electric Works, among others.
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