Transport for London has selected Burnaby's Ballard Power Systems Inc. (TSX:BLD) to provide modules for five fuel cell-powered buses in London starting in 2009.
The project will be the first to incorporate a 75 kW version of Ballard's new HD6 module in a fuel cell hybrid transit bus. The contract is valued at US$3.1 million and includes equipment sales and engineering services.
Ballard had previously provided power sources for three Mercedes Benz Citaro fuel cell buses in London between 2003 and 2006 as part of the Clean Urban Transit for Europe bus program.
Ballard's share price range during the past week: between $4.84 and $5.24; 52-week high: $9.15; 52-week low: $4.32.