Hexagon Purus ASA: Results for the Third Quarter 2023
November 7, 2023 | 6 min read November 7, 2023 | 6 min read- All-time high quarterly revenue of NOK 380 million in the third quarter of 2023
VANCOUVER, CANADA– Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced today it received an order for 2.4 MW of additional fuel cell engines from Canadian Pacific Kansas City (“CPKC”; TSX: CP; NYSE: CP).
Financial Highlights
OCI reported Q3 2023 revenues of $1.1 billion, a 54% decrease YoY, and adjusted EBITDA of $242 million, a 75% decrease YoY, primarily due to lower selling prices and offsetting an 8% increase in own-produced volumes YoY.
VANCOUVER, CANADA and BOLECHOWO, POLAND– Ballard Power Systems today announced multiple purchase orders totaling 62 hydrogen fuel cell engines from long-standing customer Solaris Bus & Coach sp. z o.o. (“Solaris”; www.solarisbus.com), a leading European bus manufacturer deploying hydrogen-powered city buses across the continent. Ballard expects delivery of the majority of the fuel cell engines to occur in 2024.
Tree Energy Solutions (TES), a global green energy company leading the way in the production of e-NG (electric natural gas derived from green hydrogen, widely referred to as e-methane in Japan), and Tokyo Gas Co., Ltd. (Tokyo Gas), a leading Japanese gas utility company, are pleased to announce that they have signed an agreement to explore and develop e-NG supply chains globally as part of efforts to foster the global energy transition and the roll out of e-NG.