Ballard Power’s Q3 2024 Loss Rises as Hydrogen Fuel Cell Adoption Slows

Net loss from operations stood at $204.5 million, up 489 %YoY

November 7, 2024

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Fuel cell manufacturer Ballard Power Systems‘ total revenue dropped 45% year-over-year (YoY) to $14.8 million in the third quarter (Q3) of 2024, impacted by softening customer demand with the adoption curve for hydrogen and proton exchange membrane (PEM) fuel cells lengthening.

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Gautamee Hazarika

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Ballard Power’s Q3 2024 Loss Rises as Hydrogen Fuel Cell Adoption Slows

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