Ballard announces $40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas

March 14, 2024

https://www.prnewswire.com/news-releases/ballard-announces-40-million-in-doe-grants-to-support-build-out-of-industry-leading-integrated-fuel-cell-production-gigafactory-in-rockwall-texas-302088968.html

 VANCOUVER, BC and ROCKWALL, Texas, March 14, 2024 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX:BLDP) announced it has received notification from the Hydrogen and Fuel Cell Technologies Office within the U.S. Department of Energy (DOE) that Ballard’s applications for two grants totaling US$40 million under the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program have been selected and recommended for negotiation of financial awards. The grants will support Ballard’s construction and build-out of an integrated fuel cell production Gigafactory based in Rockwall, Texas.

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