EUROPEAN REPORT
Ballard Power Systems has announced the sale of 25 hydrogen fuel cell engines to repeat customer Solaris Bus & Coach, a leading European bus manufacturer.
The 70kW fuel cells will be installed in Solaris’ Urbino 12 hydrogen buses for deployment to Polish public transport operator MPK Poznań and are expected to be delivered in H2 2023.
The buses are to be partially funded by the National Fund for Environmental Protection and Water Management’s Green Public Transport program. MPK Poznań requires 30% of its fleet to be zero-emission by 2028. These 25 hydrogen fuel cell buses will increase its zero-emission fleet from 18% to 25%.
Source: Ballard Read The Article
PSR Analysis: Both Ballard and Solaris are among the major contributors to the increase of fuel cells buses in Europe. While Fuel Cells have the smallest share among busses manufactured in Europe, we believe that in 2032 they will more than quadruple their volumes compared to 2021. Besides, battery powered buses will also grow at double digits, leaving the ICE buses market to shrink at a -3% CAGR in the next decade.
We expect BYD, Volvo, VDL, Scania and Daimler to be the major battery powered bus suppliers, while Solaris will be one of the most important brands for fuel cell vehicles between now and 2032. PSR
Emiliano Marzoli is Manager-European Operations for Power Systems Research
