Ballard Power (TSE:BLDP) has released an update.
Ballard Power Systems has secured an additional $54 million in U.S. federal investment tax credits, boosting their total federal support to $94 million for the establishment of a new fuel cell Gigafactory in Rockwall, Texas. This financial backing will accelerate Ballard’s production of zero-emission fuel cells and support the company’s growth, as they aim to meet increasing market demand with advanced manufacturing processes. The company’s Rockwall facility is set to play a key role in their global strategy to offer sustainable fuel cell power solutions.
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