Ballard Power Systems receives order for 140 fuel cell engines through Quantron partnership
by CM Staff
As part of the strategic partnership, Quantron committed to purchase 140 FCmoveTM modules totalling approximately 17MW.
VANCOUVER — Ballard Power Systems has announced a minority equity investment in Quantron AG, a global electric vehicle integrator, to accelerate fuel cell truck adoption.
As part of Quantron’s financing round of up to 50 million euros, the company will use Ballard’s investment proceeds to develop their truck fuel cell vehicle platforms as per the terms of a Joint Development Agreement.
Ballard will also be the exclusive fuel cell supplier to Quantron for these platforms.
As part of the strategic partnership, Quantron committed to purchase 140 FCmoveTM modules totalling approximately 17MW, with an option to purchase an additional 50 units. The company expects the fuel cell modules to be delivered in 2023 and 2024.
Quantron’s zero-emission fuel cell electric vehicle platforms will integrate Ballard fuel cell products for various truck applications in Europe and the U.S. Quantron says its initial market focus is Germany, where their new 44T fuel cell truck will be unveiled at IAA Transportation 2022.
“We are seeing growing global demand and policy support for zero emission transport as companies strive to reach decarbonization targets. This collaboration accelerates our entry into the European truck market and aims to have Quantron’s initial hydrogen-powered, zero emission trucks on the road in the next 18 months,” said Randy MacEwen, CEO, Ballard Power Systems in a statement.
