11:49 AM EST, 11/04/2024 (MT Newswires) -- Ballard Power Systems ( BLDP ) on Monday said it received a purchase order to supply 200 fuel-cell engines for Xcelsior CHARGE FC buses developed by NFI Group ( NFYEF ) subsidiary New Flyer.

This is the company's second purchase order under a long-term agreement announced in January, and represents an increase from the 100 engines in the first order. Delivery of the 200 engines is planned for 2025, Ballard said.

"This order demonstrates New Flyer's continued confidence in the performance of Ballard's fuel cell engines and the growing market interest in the value proposition of hydrogen fuel cell buses, including long range, rapid refueling times, performance in all weather conditions, and high availability," said David Mucciacciaro, Ballard's chief commercial officer.

Ballard shares were last seen up $0.18 to $2.45 on the Toronto Stock Exchange.

Price: 2.45, Change: +0.18, Percent Change: +7.93