Latest news with #BallardPowerSystems
The Market Online
4 days ago
- Business
- The Market Online
Ballard CEO to step down
Ballard Power Systems (TSX:BLDP) announced that Randy MacEwen will step down as president and chief executive officer The company's board of directors has appointed Marty Neese as his successor, effective July 7, 2025 Neese's prior leadership roles include chief operating officer at SunPower and Flex, where he led large-scale operational transformations Ballard Power Systems Inc. (TSX:BLDP) last traded at C$2.41 Ballard Power Systems (TSX:BLDP) announced a significant leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as president and chief executive officer. The company's board of directors has appointed Marty Neese as his successor, effective July 7, 2025. 'It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry,' CEO MacEwen said in a news release on his departure. 'We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future.' The appointment follows a comprehensive succession planning process led by the board. Neese, a seasoned executive with a strong track record in operational excellence, brings deep expertise in product standardization, cost reduction, volume production, and gross margin optimization. He has served on Ballard's board of directors for the past ten years and most recently held the role of CEO at Verdagy, a pioneering company in electrolysis and green hydrogen technologies. Neese's prior leadership roles include chief operating officer at SunPower and Flex, where he led large-scale operational transformations. His appointment signals Ballard's commitment to scaling its operations and accelerating the commercialization of hydrogen fuel cell solutions. MacEwen will continue to serve as CEO until Neese's official start date and will remain available in an advisory capacity through September 30, 2025, to ensure a smooth transition. Ballard manufactures zero-emission fuel cells for buses, commercial trucks, trains, marine vessels and stationary power. Ballard Power Systems Inc. (TSX:BLDP) last traded at C$2.41 and has risen 0.84 per cent since the year began, but has lost 35.73 per cent since time last year. Join the discussion: Learn what other investors are saying about this renewable energy stock on the Ballard Power Systems Inc. Bullboard, and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
4 days ago
- Business
- Cision Canada
Ballard announces leadership transition
VANCOUVER, BC, June 16, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a planned leadership transition. After more than a decade of transformative leadership, Randy MacEwen will step down as President and Chief Executive Officer, with Marty Neese assuming the position effective July 7, 2025. "It has been a true privilege to lead Ballard for the past 11 years during a dynamic period for the company and hydrogen industry," said Randy MacEwen. "We have built a strong foundation that has positioned the company as an industry leader. Given changing industry dynamics, including a focus on product cost reduction, it is the right time for a new leader with a strong operational background to guide Ballard into the future." The Board of Directors has appointed Marty Neese as President & CEO following a succession planning process. A seasoned executive with a deep background in operations, Mr. Neese has extensive experience in product standardization, product cost reduction, volume production, and gross margin optimization. Mr. Neese has served on Ballard's Board of Directors over the past 10 years, and as the CEO of Verdagy, an innovative electrolysis and green hydrogen company, over the past four years. Earlier in his career, he served as the chief operating officer of SunPower and Flex. With his background and experience, Mr. Neese is uniquely qualified to drive the company's next phase of growth and operational efficiency. "Marty is the right leader for Ballard as the fuel cell industry undergoes a period of rationalization and competitive realignment," said Jim Roche, Chair of the Board of Directors. "His proven track record in operational excellence, product innovation and commercialization, and cost management will ensure Ballard not only adapts to this new environment but thrives in it." "The fuel cell industry is entering a new phase, and Ballard is taking decisive steps to position itself for long-term sustainable success," said Mr. Neese. "I am honored to step into this role at a company with such a strong brand, and a leading track record for safety, technology, and proven field performance in our target markets. We have a fortress balance sheet with no requirements for near-term or mid-term financings. Working alongside our talented team, I look forward to building on this solid foundation, optimizing our operations, accelerating innovation, and unlocking long-term value for our stakeholders." The leadership transition has been carefully planned to ensure a seamless and orderly handover. Mr. MacEwen will continue to serve as the CEO until Marty's start date and then will remain available in an advisory capacity through September 30, 2025. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells enable electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit This release contains forward-looking statements concerning anticipated impacts of the announced leadership change. These forward-looking statements reflect Ballard's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Ballard's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand. These statements involve risks and uncertainties that may cause Ballard's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Ballard's future performance, please refer to Ballard's most recent Annual Information Form. Readers should not place undue reliance on Ballard's forward-looking statements and Ballard assumes no obligation to update or release any revisions to these forward-looking statements, other than as required under applicable legislation.
Cision Canada
12-06-2025
- Business
- Cision Canada
Ballard Files Base Shelf Prospectus to Replace Existing Shelf Prospectus
VANCOUVER, BC, June 12, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has announced the filing of a final short form base shelf prospectus dated June 11 (the " Prospectus") in each of the provinces and territories of Canada together with a corresponding shelf registration statement on Form F-10 (the " Registration Statement") with the United States Securities and Exchange Commission (the " SEC"). The Prospectus qualifies the issuance of common shares, preferred shares, warrants to purchase common shares, debt securities and units comprised of one or more of any of the foregoing securities (all of the foregoing collectively, the " Securities") from time to time over a 25-month period. Ballard has filed the Prospectus and Registration Statement to maintain financial flexibility but has no present intentions to undertake an offering of Securities. There is no certainty any Securities will be offered or sold under the Prospectus and/or Registration Statement within the 25-month effective period. Should Ballard decide to offer Securities during the 25-month effective period, terms of future offerings, the intended use of the net proceeds resulting from such offerings, and the terms of the Securities to be offered, if any, will be established at the time(s) of any such offerings and will be described in a prospectus supplement filed with applicable Canadian securities regulators and/or the SEC, respectively. The Prospectus replaces Ballard's previous short form base shelf prospectus dated May 9, 2023, which expired on June 9, 2025. Copies of the Registration Statement and the Prospectus contained therein are available at and respectively. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities, in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements that describe the anticipated offering of Securities under Ballard's Prospectus and Registration Statement, the filing of a prospectus supplement and other statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Material factors that could cause actual events to differ materially from those described in such forwarding-looking statements include risks related to Ballard's condition requiring anticipated use of proceeds to change, timing of, and ability to obtain, required regulatory approvals, and general economic and regulatory changes. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements.
Yahoo
12-06-2025
- Business
- Yahoo
Ballard Files Base Shelf Prospectus to Replace Existing Shelf Prospectus
VANCOUVER, BC, June 12, 2025 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) has announced the filing of a final short form base shelf prospectus dated June 11 (the "Prospectus") in each of the provinces and territories of Canada together with a corresponding shelf registration statement on Form F-10 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC"). The Prospectus qualifies the issuance of common shares, preferred shares, warrants to purchase common shares, debt securities and units comprised of one or more of any of the foregoing securities (all of the foregoing collectively, the "Securities") from time to time over a 25-month period. Ballard has filed the Prospectus and Registration Statement to maintain financial flexibility but has no present intentions to undertake an offering of Securities. There is no certainty any Securities will be offered or sold under the Prospectus and/or Registration Statement within the 25-month effective period. Should Ballard decide to offer Securities during the 25-month effective period, terms of future offerings, the intended use of the net proceeds resulting from such offerings, and the terms of the Securities to be offered, if any, will be established at the time(s) of any such offerings and will be described in a prospectus supplement filed with applicable Canadian securities regulators and/or the SEC, respectively. The Prospectus replaces Ballard's previous short form base shelf prospectus dated May 9, 2023, which expired on June 9, 2025. Copies of the Registration Statement and the Prospectus contained therein are available at and respectively. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these Securities, in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Ballard Power Systems Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero-emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements that describe the anticipated offering of Securities under Ballard's Prospectus and Registration Statement, the filing of a prospectus supplement and other statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard's ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Material factors that could cause actual events to differ materially from those described in such forwarding-looking statements include risks related to Ballard's condition requiring anticipated use of proceeds to change, timing of, and ability to obtain, required regulatory approvals, and general economic and regulatory changes. These forward-looking statements represent Ballard's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements. Further InformationSumit Kundu – Investor Relations +1.604.453.3517 or investors@ View original content to download multimedia: SOURCE Ballard Power Systems Inc. View original content to download multimedia: Sign in to access your portfolio
Yahoo
06-06-2025
- Automotive
- Yahoo
Ballard Power to supply fuel cell engines to Sierra Northern Railway
Ballard Power Systems has signed a supply agreement with Sierra Northern Railway for 1.5MW of fuel cell engines, with delivery expected in 2025. The agreement is part of Sierra Northern Railway's decarbonisation strategy in California. Ballard will provide 12 FCmove-XD engines to retrofit three diesel locomotives, transitioning them to hydrogen power for zero-emission operations. The FCmove-XD modules are designed for heavy-duty applications and are a cost-effective alternative to overhead catenary systems and providing high reliability, durability, efficiency, and power density. Ballard Power Systems CEO and president Randy MacEwen said: 'We are thrilled to collaborate with Sierra Northern Railway on this groundbreaking project. 'This partnership underscores the versatility of our industry leading fuel cell technology and the critical role fuel cells can play in advancing sustainable rail solutions. We are excited to continue Ballard's momentum in decarbonising the North American freight rail sector.' Ballard fuel cells provide a sustainable solution for rail operations, delivering long-range, fast refuelling, and adaptable service across various routes and conditions. Sierra Northern Railway president Kennan H. Beard III said: 'Integrating Ballard's fuel cell modules into our switching locomotives aligns with our commitment to innovation and environmental stewardship. 'This initiative not only enhances our operational efficiency but is also a pivotal step in California's efforts to reduce greenhouse gas emissions in the transportation sector.' In April this year, Sierra Northern Railway completed tests for a four-axle, hydrogen-fuelled, zero-emission switching locomotive in West Sacramento, California. The development of this locomotive received a $4m investment from the California Energy Commission, with GTI Energy managing the project. This funding supports the design, integration, and demonstration phases, marking an essential contribution to California's clean transportation goals. "Ballard Power to supply fuel cell engines to Sierra Northern Railway" was originally created and published by Railway Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
