Ballard Power Systems plans $80M-$120M capital expenditure for Hydrogen fleet
What happened
Ballard Power Systems announced plans to spend between $80 million and $120 million in capital expenditures to expand its Hydrogen Power Unit fleet. The company stated it would seek asset-backed financing exceeding 80% loan to value to fund the project and limit cash outlay. Ballard Power Systems also confirmed its business model now includes Energy-as-a-Service alongside equipment sales and services.
From themarketsdaily.com
Why it matters
The company is targeting a 30% compound annual growth rate in corporate revenue over the next two fiscal years, aiming for gross margins above 20% in 2027 and above 25% by 2028. The spending range allows management flexibility in pacing capital deployment.
Ballard Power Systems operates from Vancouver, BC.
From themarketsdaily.com
Who's involved
- Ballard Power SystemsCompany that announced capital expenditure plans and revenue targets
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The entities involved
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Ballard Power Systems
company
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Vancouver
largest city in the province of British Columbia, Canada