Ballard Power Systems and Forsee Power have signed a Memorandum of Understanding to develop integrated fuel cell-battery solutions for hydrogen-powered vehicles.
The partnership covers the “co-design, co-development, production, marketing and sales of integrated fuel cell-battery solutions” that target the medium- and heavy-duty rail, bus, truck, marine and off-road markets, Vancouver, British Columbia-based Ballard and Paris, France-based Forsee reported on Oct. 18.
Ballard will supply the fuel cell system and related controls, and Forsee will supply the battery system and related battery management, cooling and high voltage DC/DC conversion systems. Together, they will develop the EMS (Energy Management System) “to optimize the hybrid fuel cell and battery system architecture.”
Ballard has also committed to invest up to $46.5 million (€40 million) in connection with the proposed IPO of Forsee. “This commitment would allow Ballard to acquire a stake in Forsee Power upon its initial public offering on Euronext in Paris, France, with Ballard also having the right to appoint a board member to the Forsee Power board of directors,” the companies said.
In related news, Ballard is providing fuel cell modules to Canadian Pacific for its first hydrogen fuel cell (HFC)-powered linehaul freight locomotive, which will be prepped this fall for official painting and launch, and to Sierra Northern Railway for its new zero-emission switcher.