Ballard Power Systems Inc.

**Ballard Power Systems Inc.**

Based in Burnaby, British Columbia, this company designs, develops, manufactures, and sells proton exchange membrane (PEM) fuel cell systems and related services. PEM fuel cells convert hydrogen into electricity through an electrochemical process and generate only water as a byproduct, making them applicable to zero-emission power generation across multiple transportation and stationary power applications.

The company's product portfolio spans bus, truck, rail, and marine transportation, along with stationary power generation and emerging applications including material handling and off-road equipment. Revenue streams encompass product sales, after-sales service and technical support, training programs, and engineering services including systems integration and technology licensing for customers developing fuel cell applications.

Ballard operates with approximately 887 full-time employees and maintains a significant international presence across North America, Europe, and Asia-Pacific regions, including operations in the United States, Canada, Germany, China, Poland, the United Kingdom, the Netherlands, France, Denmark, Belgium, India, Taiwan, Korea, Spain, Norway, Australia, and Japan. The company was founded in 1979 and is publicly listed on Nasdaq.