Ballard Power Systems announced the signing of a new Long-Term Supply Agreement ("LTSA") with NFI Group Inc. The agreement marks a new phase in the established partnership between Ballard and NFI, focused on deployment-level volumes of fuel cell powered buses across all of NFI's major brands including New Flyer, Alexander Dennis, and MCI. As part of the LTSA, NFI has placed its first purchase order under the agreement for a minimum of 100 FCmove®-HD+ modules for planned delivery in 2024. The modules will primarily be produced in Ballard'sBend, Oregon facility with Buy America compliance, and will power New Flyer's next generation Xcelsior CHARGE FC?

hydrogen fuel cell buses for deployment across the US and Canada, including California, Manitoba, Nevada, New York, Ohio, and Pennsylvania.