Ballard Power Systems Files March 2024 6-K Report

TL;DR

Ballard Power Systems (BLDP) filed its March 6-K, standard foreign issuer report. No major news.

AI Summary

Ballard Power Systems Inc. filed a Form 6-K on March 14, 2024, reporting for the month of March 2024. The filing is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. Ballard Power Systems Inc. is incorporated in Canada and its principal executive office is located in Burnaby, BC.

Why It Matters

This filing provides routine updates for investors and regulatory bodies regarding Ballard Power Systems' status as a foreign private issuer. It confirms their ongoing reporting obligations.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain new financial information or significant operational updates.

Key Players & Entities

• Ballard Power Systems Inc. (company) — Registrant
• 000-53543 (dollar_amount) — Commission File Number
• March 2024 (date) — Reporting Period
• 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada (company) — Principal Executive Office

FAQ

From the Filing

0001279569-24-000276.txt : 20240314 0001279569-24-000276.hdr.sgml : 20240314 20240314100000 ACCESSION NUMBER: 0001279569-24-000276 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240314 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ballard Power Systems Inc. CENTRAL INDEX KEY: 0001453015 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53543 FILM NUMBER: 24748213 BUSINESS ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 BUSINESS PHONE: 604-454-0900 MAIL ADDRESS: STREET 1: 9000 GLENLYON PARKWAY CITY: BURNABY STATE: A1 ZIP: V5J 5J8 FORMER COMPANY: FORMER CONFORMED NAME: 7076991 Canada Inc. DATE OF NAME CHANGE: 20090102 6-K 1 ballard6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number: 000-53543 Ballard Power Systems Inc. ——————————————————————————————————— (Translation of registrant’s name into English) 9000 Glenlyon Parkway Burnaby, BC V5J 5J8 Canada ——————————————————————————————————— (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☐ Form 20-F ☒ Form 40-F SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ballard Power Systems Inc. Date: March 14, 2024 By: /s/ Paul Dobson Name: Paul Dobson Title: Chief Financial Officer EXHIBIT INDEX Exhibit No. Description 99.1 News Release Dated March 14, 2024 - Ballard announces $40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas EX-99.1 2 ex991.htm NEWS RELEASE DATED MARCH 14, 2024 Exhibit 99.1 Ballard announces $40 million in DOE grants to support build-out of industry-leading integrated fuel cell production Gigafactory in Rockwall, Texas VANCOUVER, BC and ROCKWALL, Texas, March 14, 2024 /CNW/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) announced it has received notification from the Hydrogen and Fuel Cell Technologies Office within the U.S. Department of Energy (DOE) that Ballard's applications for two grants totaling US$40 million under the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program have been selected and recommended for negotiation of financial awards. The grants will support Ballard's construction and build-out of an integrated fuel cell production Gigafactory based in Rockwall, Texas. Ballard plans for the new facility, dubbed Ballard Rockwall Giga 1, to be located on a parcel of 22 acres of industrial land within the Rockwall Technology Park in Rockwall, Texas. In Phase I, Ballard plans to invest approximately US$160 million (net of the US$40 million in expected DOE grants) from 2024 through the end of 2027 to build and commission a new manufacturing facility with annual production capacity of 8 million membrane electrode assemblies (MEAs), 8 million bipolar plates, 20,000 fuel cell stacks, and up to 20,000 fuel cell engines per year, or the equivalent of 3 gigawatts of fuel cel