Ballard Power Systems has signed a Master Supply Agreement (MSA) with Hyster-Yale Group encompassing the supply of minimum annual volumes of Ballard FCgen®-1020 air-cooled fuel cell stacks.
The stacks are to be used to power Class 3 lift trucks and support on the design of a fuel cell electric propulsion system to power these lift trucks. The MSA runs until 2022.
Hyster-Yale is a leading global lift truck OEM offering over 280 different lift truck models and generating consolidated annual revenues of $2.9bn. In 2014 Hyster-Yale’s acquisition of Nuvera activated a strategy to design purpose-built, optimised fuel cell-powered lift trucks, and put in place significant expertise and capabilities for fuel cells.
The collaboration with Ballard, Nuvera, and Hyster-Yale will focus on air-cooled stacks for low power applications, complementing the existing Nuvera fuel cell solutions.