The action of Ballard Power Systems climbs
The action of Ballard Power Systems (TSX: BLD) was ahead 10 percent Wednesday after the company of fuel cell has signed an agreement with its Chinese partner to increase the scope of their collaboration to include batteries for buses.
Under the non-binding memorandum of agreement announced late Tuesday, Azure Hydrogen is committed to make a payment of one million dollars entry was Ballard.
Azure wants to develop a fuel cell bus in China with technical support from Ballard. Its funding comes from Chinese sources.
Azure has signed an agreement in March to acquire a 10 per cent interest in Dantherm Power, the extra energy to telecommunications subsidiary of Ballard, in exchange for a $ two million.
The Chinese company has also placed an order this year for a system of energy generation ClearGen 175 kilowatt Ballard.
The action of Ballard took Wednesday 19 cents, or 10.1 percent, the Toronto Stock Exchange, or closing it is $ 2.08. She reached earlier in the session value of $ 2.47, the highest for the last 52 weeks.