Ballard Power Systems have announced consolidated financial results for the fourth quarter (Q4) and full year ended 31st December (2018).
Results highlighted a Q4 revenue of $28.5m and full year revenue of $96.6m.
“2018 was an important year for Ballard and the hydrogen and fuel cell industry. There is mounting evidence that the shift to zero-emission transportation is accelerating and that fuel cell electric vehicles (FCEVs) will play an integral role,” said Randy MacEwan, President and CEO of Ballard.
“In 2018, we made significant progress as we continued to position Ballard to be a key player in this market disruption. We achieved key cost and performance milestones in the development of our next-generation fuel cell stack and module. We entered into a landmark strategic collaboration with Weichai Power, setting the stage for a strong growth platform in the large China market.”
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