Minister McKenna's meeting with Ballard was an opportunity for her to learn more about this Canadian clean technology company and consider how best the Government of Canada can support companies in the clean energy sector.
VANCOUVER, CANADA and FOSHAN, CHINA - Today Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) hosted Canada's Minister of Environment and Climate Change, The Honorable Catherine McKenna, in the City of Foshan during her trade mission to China.
Minister McKenna's meeting with Ballard was an opportunity for her to learn more about this Canadian clean technology company and consider how best the Government of Canada can support companies in the clean energy sector, including advocating to Chinese officials regarding possible partnerships between Canadian and Chinese companies.
During her announcement of the trade mission ten days ago at a Toronto Board of Trade event, Minister McKenna stated, "China, the world's largest emitter of greenhouse gases, is making generational changes in how it acquires and uses energy."
Also noting that China is introducing a cap-and-trade system that will cover the power generation, iron, steel, chemical and building materials industries, Minister McKenna said China will soon have the world's largest carbon market and added, "The investments that China will need in the clean tech and renewable sector to meet its plan are enormous. This is a huge opportunity for Canadian business."
Alfred Wong, Ballard's Director - Asia Pacific said, "We are extremely pleased to have this opportunity to discuss and demonstrate how the practical application of fuel cell technology is helping to further environmental objectives with Minister McKenna. We see the progress being made by Ballard in China's mass transit market as an excellent example of important steps being taken to address the country's air quality and climate change challenges."
During the meeting with Ballard, Minister McKenna and her delegation rode on one of 12 Ballard-powered fuel cell buses that were commissioned in the past several months in the District of Sanshui, in the City of Foshan in the Province of Guangdong. In addition, 12 fuel cell buses were commissioned in the City of Yunfu, bringing the total number of Ballard-powered buses deployed in both cities to 24, as part of the Chinese Government's plan to address air quality in urban centers through zero tailpipe emission mass transit solutions. As announced by Ballard in a September 2015 press release, 300 fuel cell buses are currently planned to be deployed in the Cities of Foshan and Yunfu.
About Ballard Power Systems
Ballard Power Systems (NASDAQ: BLDP; TSX: BLD) provides clean energy products that reduce customer costs and risks, and helps customers solve difficult technical and business challenges in their fuel cell programs. To learn more about Ballard, please visit www.ballard.com.