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Water Tower Research to host Ballard Power CEO Randy MacEwen in Fireside Chat on October 20

The hydrogen economy has gained substantial momentum over the past 24 months and Ballard is a central figure in this megatrend

Ballard Power Systems Inc. - Water Tower Research to feature Ballard Power CEO Randy MacEwen in Fireside Chat on October 20
Water Tower Research analyst Shawn Severson said Water Tower Research is “excited” to be hosting a talk with MacEwen and Ballard focused on the hydrogen economy

Water Tower Research (WTR) announced Monday that it will host Ballard Power Systems Inc (NASDAQ:BLDP) CEO Randy MacEwen in its ongoing virtual conference and Fireside Chat series.

The event will take place on October 20 at 1pm ET. The live event will also be archived and available for replay. To register for the event please follow the link HERE.

“The hydrogen economy has gained substantial momentum over the past 24 months and Ballard is a central figure in this megatrend that has increasingly garnered major media and Wall Street attention. Ballard primarily serves the motive sectors spanning the bus, truck, rail, marine and passenger car markets,” said Shawn Severson, head of Sustainable Investing and BioEconomy Research at Water Tower Research.

READ: Water Tower Research says project finance is key to the next stage of Gevo’s evolution

“There are a variety of factors driving Ballard and the broader hydrogen economy including government regulations and policies, commercial scale deployments, the Polymer Electrolyte Membrane (PEM) fuel cell value proposition for motive applications, the lower cost of renewables and perhaps most importantly, an increasingly compelling total cost of ownership.”

Severson noted that Ballard, supplier of fuel-cell power systems, has been successful at developing partnerships with industry leaders including Kenworth, Van Hool, ABB Marine & Ports, MAHLE, Siemens and Weichai Power. “Ballard is rapidly moving from smaller deployments to larger scale commercial applications with over 1,000 transit buses, 2,200+ trucks and four trains in operation, while five ships are in the development phase.”

He said the heavy-duty mobility market represents a “substantial opportunity” for Ballard, with the total addressable market pegged in excess of $130 billion.

Severson said Water Tower Research is “excited” to be hosting a talk with MacEwen and Ballard focused on the Hydrogen economy. “The decade ahead should bode well for the transition of heavy-duty mobility from demonstration programs to full commercial deployment, and Ballard appears firmly positioned in the middle of that megatrend,” noted Severson.

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

Quick facts: Ballard Power Systems Inc.

Price: 20.52 USD

NASDAQ:BLDP
Market: NASDAQ
Market Cap: $5.36 billion
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