Under a newly signed long-term license and supply agreement, Ballard Power Systems will supply Guangdong Synergy Hydrogen Power Technology, an existing partner in China, with fuel cell power products and technology in support of the planned deployment of approximately 300 fuel cell-powered buses in China. The agreement is expected to be finalized by mid-2017.
Under a newly signed long-term license and supply agreement, Ballard Power Systems will supply Guangdong Synergy Hydrogen Power Technology, an existing partner in China, with fuel cell power products and technology in support of the planned deployment of approximately 300 fuel cell-powered buses in China. The deal has an estimated initial value of $17m through 2016, with the opportunity for significant recurring royalties starting in 2017.