Ballard Power Systems closed its acquisition of GeoPura for £275 million, comprising £82.5 million in cash and approximately 49.6 million newly issued common shares plus restricted share units. Former shareholders hold roughly 14.1% of Ballard's outstanding stock post-transaction, with potential additional contingent consideration up to £27.5 million tied to financial milestones. Andrew Cunningham assumed the role of President, while he and Lord Richard Harrington joined the Board of Directors. This strategic combination integrates GeoPura’s hydrogen power units and logistics with Ballard’s fuel cell technology, transforming Ballard into an integrated Energy-as-a-Service provider across Europe and North America. Ballard Power Systems Inc. operates in the clean energy sector, specializing in zero-emission hydrogen fuel cell solutions.

Ballard Power Systems Inc. reported second quarter 2026 revenues of $20.6 million, a 15% increase year-over-year, driven by growth in stationary power and material handling markets. Gross margin improved to $4.1 million (20%) from a loss of ($1.5) million in the prior year period. The company announced a definitive agreement to acquire GeoPura Limited for an enterprise value of approximately £301.1 million (~US$400 million), funded by cash and equity issuance, with closing expected in the second half of 2026. Additionally, Ballard secured a 15 MW stationary power order and appointed Ralph Robinett as Chief Operating Officer. The company operates in the clean energy sector, designing and manufacturing proton exchange membrane fuel cell products for mobility and stationary applications.

Ballard Power Systems reported Q2 2026 revenue of $20.6 million, up 15% year-over-year, with gross margin improving to 20%. The company entered a definitive agreement to acquire GeoPura Limited for £275 million in upfront consideration, subject to regulatory approvals and customary closing conditions. This transaction aims to establish Ballard as an energy-as-a-service provider by combining its fuel cell technology with GeoPura's leasing model. Order intake reached $64 million, strengthening the backlog to $157 million. Cash and cash equivalents stood at $502 million. Ballard Power Systems Inc. develops and manufactures proton exchange membrane (PEM) fuel cells for zero-emission mobility and stationary power applications.

Ballard Power Systems Inc. announced the acquisition of UK-based Geopura on June 23, 2026. This strategic move aims to transform the company into an integrated hydrogen ecosystem provider to drive future growth. Ballard Power Systems Inc. operates in the hydrogen fuel cell industry, providing fuel cell products and related technologies.