VANCOUVER – Ballard Power Systems says it has an $11 million deal to supply 200 of its FCveloCity fuel cell engines to Broad-Ocean Motor Co. of Zhongshan, China.
The engines, to be delivered this year, will be used in demonstrations of clean-energy buses and commercial vehicles in key Chinese cities, the company says.
Broad-Ocean, which makes small, specialized electric motors, has a 9.9-per-cent stake in Ballard. The two are finalizing a technology transfer, licensing and supply deal that would see the Chinese firm set up three module-assembly plants in China.
The latest engine deal is the second big one of the year for Ballard.
In February 2017, Ballard signed a deal with Zhuhai Yinlong Energy Group to supply 10 fuel cell engines to the China-based battery-electric bus maker. That agreement calls for Ballard to deliver the FCveloCity-MD 30-kilowatt engines in 2017 to power Yinlong buses destined for smog-choked Beijing.
China is Ballard’s biggest market for fuel cells that convert hydrogen to electricity, and it’s a major influence on the global renewable energy industry.
Nearly 40 per cent of Ballard’s sales came from China last year and that’s expected to reach about 50 per cent in 2017.
Bloomberg contributed to this report.