03:24 PM EDT, 06/18/2024 (MT Newswires) -- Ballard Power Systems ( BLDP ) announced a strategic technology partnership focused on scalable (200 kW to multiple MWs) backup power applications for data centres and critical infrastructure with Vertiv. The two demonstrated a successful proof-of-concept (POC) in combining two 200kW BLDP fuel cell cabinets with Vertiv's Liebert EXL S1 uninterruptible power system, which will be showcased at Smarter E Europe 2024 this week. Vertiv is a large electrical equipment manufacturer and service provider to the data centre, communication network and industrial markets, which would represent a new opportunity for Ballard if the partnership goes well, National Bank notes.

Analyst Rupert Merer believes Ballard is taking the right early steps to access the growing data centre market, however, he does not expect it to have a material impact on our near-term estimates.

Ballard Power ( BLDP ) is rated Sector Perform/Speculative, with a US$4 target.

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