Benzinga | Jul 15, 2021 03:31PM EDT

Ballard Bags Order From Siemens Mobility For Fuel Cell Modules

* Ballard Power Systems Inc (NASDAQ:BLDP) has received a purchase order for two of its 200-kilowatt fuel cell modules from Siemens AG's (OTC:SIEGY) Siemens Mobility GmbH.

* The fuel cell modules will power a 2-car Mireo Plus H passenger train through a trial operation in Bavaria, Germany.

* Ballard plans to deliver the modules ordered by Siemens for the trial operation in Bavaria in 2022.

* The Mireo Plus H platform is a modular commuter train designed to operate on non-electrified rail lines at speeds up to 160 kilometers per hour over a range of up to 800 kilometers. Ballard fuel cell modules are mounted on the train's roof and work in conjunction with batteries installed beneath the floor.

* The Mireo Plus H will be presented to the public in the spring of 2022, with test runs in Bavaria planned for 2023 before it officially enters passenger service in 2024.

* Price action: BLDP shares traded lower by 2.55% at $15.06, while SIEGY was down 3.02% at $76.76 on the last check Thursday.