Investor Presentaiton
26
United States¹
Policy Support & Commitments
•
•
GHG Reduction Goal: ~50% reduction from 2005 levels by 2030; 100% carbon-free electricity by 2035
Hydrogen Earth Shot targeting $1/kg green hydrogen by 2030
•
•
•
LowNo (clean bus FTA funding program - specifically for low and ZEB) allocating $1.7B in 2023 vs. $1.1B in 2022 and $185M in 2021
Inflation Reduction Act¹ (IRA) includes production & investment tax credits for clean hydrogen (up to $3/kg for low carbon hydrogen),
other significant incentives for carbon capture and for renewable energy facilities powering electrolyzers. IRA includes $369B for
modernization of the American energy system.
Infrastructure bill allocates $9.5B for hydrogen development (incl. $8B for 4 regional clean hydrogen hubs). DOE projects² US green
hydrogen production will increase to 10 million & 50 million tonnes / year by 2030 and 2050, respectively.
•
•
Key Partners & Customers
Bus: New Flyer
Truck: Hexagon Purus, Linamar
Power: Caterpillar
Ballard Deployment
Rail: Sierra Northern, Stadler AG, CP Rail
Off Road: First Mode; Capacity Trucks (yard trucks)
Marine: ABB
> 100 FCEBS in or entering service + >40 additional in development
> 90% Ballard market share for FCEBS
Outlook
.
Hydrogen hub coalitions forming in California, Texas, Ohio, Pacific Northwest, etc. to prepare large scale, multimodal deployments for
federal funding of up to $2B per hub
NESCAUM³ - MOU signed by over 15 states committing to 30% of all new medium- & heavy-duty vehicle sales be zero emission by
2030, and 100% zero emission by 2050
1, 2, 3 See Slide Notes
BALLARD™View entire presentation