Investor Presentaiton

6 Ballard's key role in the expanding hydrogen value chain Ballard is a world leader in the design & manufacturing of PEM fuel cell engines for medium- and heavy-duty mobility and stationary power applications. BALLARD TM Electricity & Natural Gas Production Hydrogen Production Electrolyzers, SMR, ATR & coal gasification Infrastructure & Distribution Pipelines, storage, & hydrogen refueling stations End-Use Applications Mobility & Power Ballard Verticals U Bus Truck Rail Marine Emerging Markets Stationary Power BALLARD™

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