Ballard Power Systems Inc T.BLDP

This AM Ballard Conf Call re Data Centre Power

[guarantor1]

This could be a big stock price catalyst down the road

"And then on stationary, just to pause for a minute on stationary, because I think this is kind of a very interesting market and it's a market that's going to take some time to develop. But some interesting developments over the last quarter, Caterpillar, a partner we've worked with, won a U.S. Department of Energy 2024 Hydrogen Program Merit Review Award for system development and integration. This is on a project in collaboration with Microsoft and Ballard where they tested the feasibility of a large format hydrogen fuel cell for reliable backup power over a simulated 48-hour outage at a data center. That was a data center basically hosted at a Microsoft site in Cheyenne, Wyoming. And that included a 1.5 megawatt Ballard fuel cell solution. And so that kind of a important development in the quarter.

And we recently shipped and commissioned another system over 1 megawatt for an unnamed customer at this stage, one of the world's largest companies doing a field trial. And we expect to have more to say on that as that customer prepares for disclosure on that project. And then the last thing on the stationary market, we have announced previously our co-development work with Vertiv and that continues and I think is a very important collaboration for us, particularly focused on stationary backup power solutions for the data center market. So a couple of customers on the stationary side, they’re still in demonstration phase at this point, but they are blue-chip customers that have a lot of understanding on the market requirements, particularly for the data center market. And we’re continuing to work with some of these partners to advance the opportunities there."