BLDP Filings — Ballard Power Systems Inc. - FilingSpy
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Ballard Power Systems Inc.
A maker of proton exchange membrane fuel cells, Ballard Power Systems turns hydrogen and oxygen into electricity for buses, trucks, trains, marine vessels, and forklifts — with only water and heat as byproducts. Founded in 1979 by Canadian geophysicist Geoffrey Ballard as Ballard Research Inc., the company started out developing high-energy lithium batteries before pivoting to fuel cells in 1983. Ballard was dubbed the "father of the fuel cell industry," a mission rooted in his childhood habit of imagining himself as an ancient knight sworn to solve the world's energy problems.
Ballard Power Systems to acquire GeoPura for £275M upfront plus contingent consideration
On June 23, 2026, Ballard Power Systems and its subsidiary entered a definitive agreement to acquire all shares of GeoPura Limited, a hydrogen power solutions provider.
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The upfront purchase price is £275.0 million, funded by £82.5 million in cash and 49,406,560 Ballard common shares at US$5.02 per share.
Ballard will also issue an estimated 1,424,177 rollover restricted share units to certain GeoPura optionholders.
Up to £27.5 million in contingent consideration may be paid if GeoPura meets specified financial milestones post-closing.
The transaction is expected to close in the second half of 2026, subject to customary conditions including UK National Security and Investment Act filing and TSX approval.
Ballard Power Systems to acquire UK-based GeoPura for £275.0 million upfront
The upfront consideration is £275.0 million, funded by £82.5 million in cash and approximately 50.8 million Ballard common shares at US$5.02 per share.
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Ballard Power Systems Inc. has entered into a definitive agreement to acquire GeoPura Limited, a UK-based zero-emission hydrogen power solutions provider.
Contingent consideration of up to £27.5 million may be paid if GeoPura achieves specified financial milestones after closing.
The total enterprise value, including assumed net debt and excluding contingent consideration, is £301.1 million (approximately US$400 million).
The transaction is expected to close in the second half of 2026, subject to customary conditions including UK National Security and Investment Act filing and TSX approval.
Ballard Power Systems announces 15 MW fuel cell order for stationary power applications
The order consists of 150 FCmove-HD+ 100 kW fuel cell modules and is the second order of this scale from the same customer, following a similar order in 2024.
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Ballard Power Systems received an order for 15 MW of fuel cell systems for stationary power from a renewable off-grid power generation company.
Deliveries are expected to begin in the second half of 2026, with the systems used in hydrogen gensets for live events, construction, movie sets, and critical infrastructure.
Ballard's CEO Marty Neese highlighted the order as evidence of market adoption of zero-emission fuel cell solutions for off-grid stationary power.
Ballard's stationary fuel cells range from 100 kW to multi-megawatt configurations and are deployed globally for EV charging and off-grid power generation.