About Ballard
Ballard is a publicly listed company based in United States founded in 1979 by Geoffrey Ballard, Paul Howard, and Keith Prater. The company has 887 employees. Ballard has completed 3 acquisitions, including Arcola Energy, GeoPura and Protonex. Its chief executive, as recorded, is Randall MacEwen. Its website ballard.com draws about 36 thousand monthly visits. Ballard offers products and services including FCmove, FCwave, and FCgen. Its focus areas include Energy Tech, Energy Storage Tech, Fuel Cell and Proton Exchange Membrane (PEM). Its competitors include Plug Power, Bloom Energy and FuelCell Energy; 1 of its 3 listed competitors has raised funding.
Company details
Manufacturer of hydrogen fuel cells. The platform designs develop and manufacture hydrogen fuel cell products for residential cogeneration, backup power, and heavy-duty applications. The company operates in three segments Power Generation, Automotive, and Material Products. The Power Generation segment offers fuel cell products and services. The Automotive segment provides fuel-cell products and services for fuel-cell cars, vans, and buses. The Material Products segment offers carbon fiber products primarily for automotive transmissions and gas diffusion layers for fuel cells.
- Headquarters United States
- Employees 887
- Founders Geoffrey Ballard, Paul Howard, Keith Prater
- Stage Public
- SectorsEnergy & Utilities
- Website category Heavy Industry and Engineering · Energy Industry
- Phone•••• ••••
- Website ballard.com
- Social LinkedIn X Facebook
- Legal Name Ballard Power Systems Inc.
- Annual Revenue$101.41 M (USD)45.35as on Dec 31, 2025
- Net Profit-$92.78 M (USD)71.4as on Dec 31, 2025
- EBITDA-$77.62 M (USD)50.21as on Dec 31, 2025
- Latest Funding Round$40M (USD), Grant
Mar 2024
- InvestorsDOE
& 5 more
- Employee Count887
- Investments & AcquisitionsArcola Energy
& 2 more
Products & Services of Ballard
Ballard offers a comprehensive portfolio of products and services, including FCmove, FCwave, and FCgen.
Provides zero-emission power for heavy-duty vehicle integration.
Delivers clean power for marine and stationary uses.
Offers high-density stacks for mobility and power applications.
Funding Insights of Ballard
- Total Rounds 13
- Last Round Grant — $40M
- First Round $832,942
(Oct 2007)
- Investors Count 6
Latest 10 of 13 funding rounds of Ballard with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $40M | Grant | – | – | |
| Feb 2021 | $550.19M | Post-IPO | – | – | – |
| Aug 2018 | $163M | Post-IPO | – | – | |
| Jul 2018 | $3.12M | Grant | – | – | |
| Aug 2016 | $28.3M | Post-IPO | – | – | – |
| Nov 2015 | $5M | Post-IPO | – | – | |
| Aug 2012 | $7.7M | Post-IPO | – | – | – |
| Jan 2010 | $4.8M | Grant | – | – | |
| Oct 2009 | $5.94M | Grant | – | – | |
| Jul 2009 | $1.08M | Grant | – | – |
6 investors in total: 6 institutional.
Investors in Ballard
Ballard has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, European Union and Nisshinbo Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on investing in clean tech sectors | sdtc.ca | Ottawa, Canada | ||
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Diversified operations are conducted across multiple industrial sectors. | 1907 | nisshinbo.co.jp | Chuo City, Japan | |
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States | ||
Weichai Power is engaged in manufacturing engines and power solutions. | weichai.com | Tokyo, Japan |
Investor details for Ballard
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People of Ballard
159 people are tracked at Ballard (41 in leadership, 9 in board & advisors, 109 in team); the tracked headcount is 887.
| Name | Role | Group |
|---|---|---|
Geoffrey Ballard | Co-Founder | Leadership |
Paul Howard | Co-Founder | Leadership |
Keith Prater | Co-Founder | Leadership |
Randall MacEwen | CEO & President | Leadership |
Mircea Gradu | SVP & Chief Engineering Officer | Leadership |
Sarbjot Sidhu | SVP, Chief People & Culture Officer | Leadership |
Marvio Longuinho | Director Of Quality And EHS At Ballard Power Systems | Leadership |
Kailyn Domican | Director Advanced Manufacturing | Leadership |
Andrew Desouza | Technical Director, Fuel Cell Stack | Leadership |
Lotus Huang | Director, Tax And Financial Operations (china) | Leadership |
Kate Igbalode | SVP & CFO | Leadership |
Lee Sweetland | SVP & COO | Leadership |
Shelley Dong | Director Of Controls System Engineering | Leadership |
Jonna Christensen | Head Of Communications | Leadership |
Karen M. | Senior People & Culture Business Partner | Leadership |
Martin Chow | Director, Operational Technology | Leadership |
George Skinner | Director, Product Safety And Shared Services | Leadership |
Trine Uhrenholdt | Global Vice President People & Culture | Leadership |
Julie Bellerive | Research Director | Leadership |
Manuel Schneiter | Technical Director, Fuel Cell Module Product | Leadership |
139 more people are available in the full profile.
Complete people profiles for Ballard
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IPO & Listings of Ballard
Ballard is a publicly listed company on the TSX with ticker symbol BLDP in Canada, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date08 Nov 1995
- Listed onNASDAQ: BLDP
- Listed entityBallard Power Systems Inc.
- Exchange sectorProducer manufacturing
- ISINCA0585861085
- Share price2.52 CAD (-7.35% on the day) · 2026-10-13
- Market capitalisation884,748,630.00 CAD
- EPS (diluted, trailing year)-0.35 CAD
- Volume (last session)1,045,834
Financials of Ballard
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 138.8M CAD | -127.0M CAD | -106.3M CAD |
| 2024 | 95.5M CAD | -444.2M CAD | -213.4M CAD |
| 2023 | 138.2M CAD | -239.9M CAD | -201.3M CAD |
| 2022 | 106.6M CAD | -225.9M CAD | -168.6M CAD |
| 2021 | 131.0M CAD | -143.2M CAD | -94.7M CAD |
Detailed financial statements for Ballard
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Investments & Acquisitions by Ballard
Ballard has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Arcola Energy, GeoPura and Protonex.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hydrogen-powered generators and zero-emission fuels are manufactured for decarbonization. | geopura.com | Nottingham, United Kingdom | 2019 | Jun 2026 | $363.89M | |
Hydrogen fuel cell system developer | arcolaenergy.com | London, United Kingdom | 2010 | Nov 2021 | •••• | |
Integrated tactical systems are developed for military and first responders. | protonex.com | Southborough, United States | 2000 | Jun 2015 | $30M |
Complete acquisition details for Ballard
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Timeline of Ballard
7 dated milestones of Ballard across 47 years, from founding to its latest funding, stage changes and deals.
- Founded Ballard is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $833K.
- Acquisition Acquires Protonex.
- Acquisition Acquires Arcola Energy.
- Funding Latest funding round, Grant, of $40.0M.
- Acquisition Acquires GeoPura.
Competitors of Ballard
Ballard has 3 listed competitors in our database, 1 of them funded. They include Plug Power, Bloom Energy and FuelCell Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| plugpower.com | 1997 | United States | 2,449 | Hydrogen-based fuel cells are manufactured for power applications. | ||
| bloomenergy.com | 2001 | United States | $973.4M | 376 | Provider of solid oxide fuel cell technology | |
| fuelcellenergy.com | 1969 | United States | 591 | Online platform offering fuel cell-based solutions |
Detailed competitors of Ballard
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Web traffic of Ballard
The website of Ballard (ballard.com) receives about 35.9K visits a month and ranks #789,345 among all websites worldwide, #12,865 in Energy Industry.
- Monthly visits35.9K
▼ 16.6% vs previous month
- Unique visitors18K
per month
- Global rank#789,345
among all websites
- Category rank#12,865
Heavy Industry and Engineering · Energy Industry
- Bounce rate42%
- Pages per visit1.6
- Average visit29 sec
- DevicesDesktop 35% · Mobile 65%
Websites whose visitors overlap most with Ballard. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fuelcellenergy.com | 100% | 30.5K | #1,015,995 | View details | |
| horizonfuelcell.com | 87% | 3.1K | #5,431,467 | View details | |
| hysata.com | 81% | 13.4K | #2,152,638 | View details | |
| hydrogen-central.com | 81% | 680.7K | #1,530,686 | View details | |
thehydrogencompany.com | thehydrogencompany.com | 74% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for Ballard
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- 22 similar websites
- Audience overlap
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as Ballard (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Ballard
Complete news archive for Ballard
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Frequently Asked Questions about Ballard
Ballard was founded in 1979 and raised its 1st funding round 28 years after it was founded.
Ballard is headquartered in United States.
Randall MacEwen is the CEO of Ballard, as recorded in our data.
Ballard has 887 employees.
Annual revenue of Ballard is $101.41M as on Dec 31, 2025.
Manufacturer of hydrogen fuel cells. The platform designs develop and manufacture hydrogen fuel cell products for residential cogeneration, backup power, and heavy-duty applications. The company operates in three segments Power Generation, Automotive, and Material Products. The Power Generation segment offers fuel cell products and services. The Automotive segment provides fuel-cell products and services for fuel-cell cars, vans, and buses. The Material Products segment offers carbon fiber products primarily for automotive transmissions and gas diffusion layers for fuel cells.
Ballard's top competitors include Bloom Energy, Plug Power and FuelCell Energy.
Ballard offers FCmove, FCwave, and FCgen.
Yes, Ballard is publicly traded on TSX under the ticker symbol BLDP.
Ballard has made 3 acquisitions, including Arcola Energy, GeoPura, and Protonex.
Ballard has 6 investors. Key investors include DOE, European Union, Nisshinbo Holdings, Sustainable Development Technology Canada, and OSTI.GOV.