Ballard Power Systems continues to rack up sales of both its transportation fuel cell and distributed power generation systems. The company announced deals with Center for Transportation and the Environment and to Azure Hydrogen Energy Science and Technology Corp. of China this week.
Lignol Energy Corp. has acquired the right to purchase an equity stake ranging from 20% to 40% in Territory Biofuels Ltd. (TBF), an Australian company. The convertible notes carry a value A$1.18 million.
Ballard Power Systems has secured a four-year fuel cell engineering services contract with Volkswagen Group. There is an option for a two-year extension with the total contract ranging from $60 million to $100 million.