Ballard Power Systems Inc 2023 AR2
The report outlines Ballard Power Systems' transition into a commercial products company in 2023, with power products representing 84% of its order backlog. The company achieved total revenues of $102.4 million, representing a 25% increase from the prior year, driven by growth in heavy-duty mobility and stationary power markets. Ballard continued to advance its PEM fuel cell technology, deploying its 13th generation of fuel cell stacks and 9th generation of modules. Additionally, the company highlighted its ESG strategy, including its commitment to achieve carbon neutrality by 2030 through goals such as transitioning to 100% renewable electricity and fuels.
Company: Ballard Power Systems Inc
Sector: Industrials
Country: Canada
Year: 2023
Type: AR2
Pages: 118
Ballard Power Systems Inc
Annual Report
The report outlines Ballard Power Systems' transition into a commercial products company in 2023, with power products representing 84% of its order backlog. The company achieved total revenues of $102.4 million, representing a 25% increase from the prior year, driven by growth in heavy-duty mobility and stationary power markets. Ballard continued to advance its PEM fuel cell technology, deploying its 13th generation of fuel cell stacks and 9th generation of modules. Additionally, the company highlighted its ESG strategy, including its commitment to achieve carbon neutrality by 2030 through goals such as transitioning to 100% renewable electricity and fuels.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target