Investor Presentaiton
22
Marine¹
Current BDLP Fuel Cell
TAM²
$40B
Mkt Share
Key Partners & Customers
Norled (Norway), ABB (Norway)
> 15%
Fuel Cell Size
-
<1MW 7MW+
Deployed /
In-Development
1/4 vessels
Value Proposition: Modular fuel cell systems can be deployed in parallel, dispatchable configurations to meet variable power requirements of
propulsion and auxiliary power systems. In fuel cell systems, power generation & fuel storage elements are separate, offering more flexibility
than batteries. In ports, multi-mode transportation opportunities exist to share centralized hydrogen fueling infrastructure.
-
Ballard customers account for 8/10 top global marine manufacturers & integrators; established Marine Center of Excellence in Denmark
Large market potential in Norway, Central Europe, North America ~3,000 MW global opportunity by 2030 for zero/low emission vessels (SAM)
Current development:
• FCwave™ 200kW - first fuel cell module to be Marine Type Approved - Launch Date: April 6th, 2022
• Norled: Hydra liquid hydrogen ferry (400kW) - testing has begun with service to begin later in 2023
• ABB: Development of MW scale systems for cruise ships (6MW) & several other projects in the works
• ELEKTRA push boat in Germany (300kW) - commissioned & starting trial runs in 2022
Flagship: Development of two vessels commercially operated using FCwave products- expected in-service 2023
Policy support:
.
Norway protecting heritage fjords mandating 100% zero-emission by 2026
.
Europe EMSA to cut CO2 50% by 2050
• IMO target to reduce GHG by 50% by 2050
•
Starting in 2025 carbon pricing system will include >5000t & ramp up to reach 100% of vessels by 2027
1, 2 See Slide Notes
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