Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) last week announced that it has signed a Memorandum of Understanding (MOU) with Delta Power Solutions (India) Pvt. Ltd. [Delta], a subsidiary of Delta Electronics (Thailand) PLC, expanding the range of clean energy applications they will focus on under an existing fuel cell system collaboration agreement.
Christy Clark, British Columbia’s Premier and Dr. Farooq Abdullah, India’s Minister of New & Renewable Energy, hosted a signing ceremony in New Delhi with senior representatives of Ballard and Delta. Premier Clark is currently conducting a Province-led jobs and trade mission in India.
Dalip Sharma, Managing Director of Delta Power Solutions (India) said, “The MOU represents an exciting expansion of our collaboration agreement with Ballard, enabling environmentally-sound fuel cell solutions for the India economy. This will be an important step toward delivery of a growing proportion of energy requirements in India by means of renewable power solutions.”
John Sheridan, Ballard’s President and CEO added, “This is a strategic agreement underpinning Ballard’s participation in India’s expanding economy, where GDP growth is projected at more than seven-percent annually for the next several years. There are numerous applications in which clean fuel cells can replace dirty lead-acid batteries and noisy, polluting diesel generators.”
Ballard and Delta recently announced their collaboration agreement in relation to sales of fuel cell-powered backup power systems in the India telecommunications market, under which an initial purchase order was issued by Delta earlier this month. Under the new MOU, the collaboration agreement has been expanded to encompass utilization of fuel cell-powered backup power systems in additional India market applications, including commercial uninterruptable power supply (UPS) systems for data centres, industrial power solutions and distributed power generation.