Ballard

United States Founded: 1979 • Age: 47 yrs
Manufacturer of hydrogen fuel cells
Annual revenue $66.4M Latest available
Total funding - 13 rounds
Employees 887 Tracked headcount
Investors 6 Known backers
Products 3 Services tracked
Competitors 9 Brand Intelligence

About Ballard

Ballard is a company based in United States founded in 1979 by Geoffrey Ballard, Paul Howard, and Keith Prater. The company has 887 employees as of December 31, 2024. Ballard has completed 2 acquisitions, including Arcola Energy and Protonex. Ballard offers products and services including FCmove, FCwave, and FCgen. Ballard operates in a competitive market with competitors including Plug Power, Bloom Energy, FuelCell Energy, Intelligent Energy and Blue World Technologies, among others.

  • Headquarter United States
  • Employees 887 as on 31 Dec, 2024
  • Founders Geoffrey Ballard, Paul Howard, Keith Prater
  • Stage Public
  • Sectors
    Energy & Utilities
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Ballard Power Systems Inc.
Operational Areas
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $66.4 M (USD)
    -30.86
    as on Dec 31, 2024
  • Net Profit
    -$308.73 M (USD)
    -85.19
    as on Dec 31, 2024
  • EBITDA
    -$148.34 M (USD)
    -6.01
    as on Dec 31, 2024
  • Latest Funding Round
    $40 M (USD), Grant

    Mar 14, 2024

  • Investors
    DOE

    & 5 more

  • Employee Count
    887

    as on Dec 31, 2024

  • Investments & Acquisitions
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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.

Exchange: TSX · Ticker: BLDP · Sector: Producer manufacturing · Canada

Products & Services of Ballard

Ballard offers a comprehensive portfolio of products and services, including FCmove, FCwave, and FCgen.

Product name locked
Category locked
Primary

Provides zero-emission power for heavy-duty vehicle integration.

Product name locked
Category locked
Locked

Delivers clean power for marine and stationary uses.

Product name locked
Category locked
Locked

Offers high-density stacks for mobility and power applications.

People of Ballard

Headcount 500-1000
Employee Profiles 146
Board Members and Advisors 9
Employee Profiles
People
Ashkan Soheili-Jorabchi
Manager, Technical Care
People
Elisabeth Noyer
Materials Engineer
People
Mauricio Blanco
Program Manager, Commercial Stacks Continuation Engineering
People
Mircea Gradu
SVP & Chief Engineering Officer

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Board Members and Advisors
people
Marty Neese
Director
people
Jim Roche
Chair
people
Janet Woodruff
Director
people
Doug Hayhurst
Director

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Funding Insights of Ballard

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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital firm focused on investing in clean tech sectors
Locked Locked Locked
Energy sources and policies are managed by the DOE.
Locked Locked Locked
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Locked Locked Locked
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Investor details for Ballard

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
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  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Ballard

Ballard has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Arcola Energy and Protonex.

Investments
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Investment portfolio details for Ballard

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  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Hydrogen fuel cell system developer
Locked Locked 2010 Locked
Integrated tactical systems are developed for military and first responders.
Locked Locked 2000 Locked
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Complete acquisition details for Ballard

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Financial Statements - Ballard

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Detailed financials for Ballard

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  • Profit trends
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Ballard Comparisons

Ballard Primary company
Description
Manufacturer of hydrogen fuel cells
Location
United States
Founded Year
1979
Annual Revenue
$66.4 M (USD)
Net Profit
-$308.73 M (USD)
EBITDA
-$148.34 M (USD)
Employees
887
As of 2024
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Peer comparison for Ballard

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Competitors of Ballard

Ballard operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Plug Power, Bloom Energy, FuelCell Energy, Intelligent Energy and Blue World Technologies, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Hydrogen-based fuel cells are manufactured for power applications.
Locked Locked Locked
Provider of solid oxide fuel cell technology
Locked Locked Locked
Online platform offering fuel cell-based solutions
Locked Locked Locked
PEM fuel cell and CHP power systems developer
Locked Locked Locked
Methanol-based fuel cells are developed using high-temperature PEM technology.
Locked Locked Locked
Low-temperature solid oxide fuel cells are produced for CHP systems.
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Detailed competitors of Ballard

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  • Domains and locations
  • Full company profiles
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Latest news on Ballard

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Complete news archive for Ballard

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  • Source and publication date
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  • Brand-specific news history

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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 current CEO of Ballard.

As of Dec 31, 2024, the latest employee count at Ballard is 887.

Annual revenue of Ballard is $66.4M as on Dec 31, 2024.

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 Intelligent Energy.

Ballard offers FCmove, FCwave, and FCgen.

Yes, Ballard is publicly traded on TSX under the ticker symbol BLDP.

Ballard has made 2 acquisitions, including Arcola Energy, and Protonex.

Ballard has 6 investors. Key investors include DOE, European Union, Nisshinbo Holdings, Sustainable Development Technology Canada, and OSTI.GOV.

The ticker symbol of Ballard is BLDP on TSX.

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