Tag: PR Newswire

National Capitol Classic golf fundraiser at the historic Army Navy Country Club, co-hosted with SAIC and Amazon Web Services, raised funds to support these veterans and their families and expand Building Homes for Heroes’ impact nationwide

WASHINGTON, May 5, 2026 /PRNewswire/ — Building Homes for Heroes, joined by corporate partners Science Applications International Corp. (NASDAQ: SAIC) and Amazon Web Services, announced yesterday it will gift mortgage-free homes to U.S. Air Force Staff Sergeant, Gregory Walker and Army Specialist, Ryan Heard, two injured veterans whose service and sacrifice exemplify the very best of our armed forces. The home gifts will provide long-term stability for both veterans and their families as they continue their road to recovery.

These gifts are made possible through the steadfast support of Building Homes for Heroes’ valued partners, SAIC and AWS, and were the highlight of the second annual National Capitol Classic golf outing hosted by the three organizations at the historic Army Navy Country Club. The event brought together corporate partners, community supporters, and veterans to raise awareness and support for Building Homes for Heroes’ mission of building better and brighter lives for our nation’s heroes.

The announcement was the culmination of a day of celebration of our nation’s heroes, as patriotic corporations, hundreds of supporters, and dozens of veterans gathered for the golf outing in support of Building Homes for Heroes’ mission. As the organization marks its 20th anniversary in 2026, it continues to build on its commitment with their 50+500+5,000 campaign: constructing, gifting and modifying a record 50 homes this year, reaching its milestone 500th home before the end of 2026, and supporting more than 5,000 veterans, first responders, and their family members through all its programs since 2006.

The Veterans Receiving Mortgage-Free Homes

Walker enlisted in the Air Force in 2008 and served for more than 12 years, including three deployments to Afghanistan. During his service and in the years following, Walker was diagnosed with Synovial Sarcoma, a rare cancer that ultimately resulted in the amputation of his left leg below the knee. Despite these challenges, he has remained deeply committed to his fellow veterans and the adaptive sports community, competing in the Invictus Games and training to become a Paralympic athlete.

“Presenting Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a powerful reminder of our responsibility to the men and women who have served our country,” said Andy Pujol, founder and CEO of Building Homes for Heroes. “Between Staff Sergeant Walker’s determination in the face of a life-changing diagnosis, and Specialist Heard’s courage under fire in Afghanistan and his ongoing recovery from a traumatic brain injury, these are the stories that drive our mission every day. Homes like these are made possible through our valued partnerships with organizations like SAIC and AWS, whose unwavering support allows us to create life-changing moments for deserving heroes and their families.”

Inspired by his father’s 23 years of service in the Florida National Guard and driven by the events of September 11, 2001, Heard enlisted in the Army in February 2007 out of Jacksonville, Florida. During his more than six years of service, Heard completed two deployments to Iraq and one to Afghanistan. On July 7, 2013, while conducting a counter-IED mission in Afghanistan’s Logar Province, he and three fellow soldiers triggered a pressure-plate IED. The explosion left him with a severe traumatic brain injury, and despite his injuries, he helped treat wounded comrades and coordinate medical evacuation before losing consciousness. Today, Heard lives with a TBI, PTSD, chronic migraines, and numerous other service-connected conditions, and has found healing through nature-based therapy, including fishing, kayaking, and equine therapy programs for veterans. He is a Purple Heart recipient, and together with his partner, is raising two young children, driven by his dreams of providing a stable home for his family in Tampa, Florida.

“Helping warriors like Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a great way to take purposeful action during Military Appreciation Month,” said SAIC CEO Jim Reagan. “SAIC is proud to collaborate with Amazon Web Services and the many other corporate partners who attended today’s golf fundraiser for Building Homes for Heroes, an extraordinary organization that is making a huge difference for veterans, their families, and Gold Star families.”

About Building Homes for Heroes
Building Homes for Heroes builds and gifts mortgage-free homes, and completes home modifications, for veterans, emergency first responders and their families, and provides further services along their road to recovery to help them live a promising and fulfilling life ahead. The organization reached a 96% program rating in 2025, the 13th straight year earning a program rating of at least 93%. It also received a perfect 4-star rating from Charity Navigator for seven straight years, including a 100% in transparency and accountability.

Media Contact
David Weingrad, Building Homes for Heroes, Director of Communications, (516) 643-0325

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SOURCE Building Homes For Heroes

National Capitol Classic golf fundraiser at the historic Army Navy Country Club, co-hosted with SAIC and Amazon Web Services, raised funds to support these veterans and their families and expand Building Homes for Heroes’ impact nationwide

WASHINGTON, May 5, 2026 /PRNewswire/ — Building Homes for Heroes, joined by corporate partners Science Applications International Corp. (NASDAQ: SAIC) and Amazon Web Services, announced yesterday it will gift mortgage-free homes to U.S. Air Force Staff Sergeant, Gregory Walker and Army Specialist, Ryan Heard, two injured veterans whose service and sacrifice exemplify the very best of our armed forces. The home gifts will provide long-term stability for both veterans and their families as they continue their road to recovery.

These gifts are made possible through the steadfast support of Building Homes for Heroes’ valued partners, SAIC and AWS, and were the highlight of the second annual National Capitol Classic golf outing hosted by the three organizations at the historic Army Navy Country Club. The event brought together corporate partners, community supporters, and veterans to raise awareness and support for Building Homes for Heroes’ mission of building better and brighter lives for our nation’s heroes.

The announcement was the culmination of a day of celebration of our nation’s heroes, as patriotic corporations, hundreds of supporters, and dozens of veterans gathered for the golf outing in support of Building Homes for Heroes’ mission. As the organization marks its 20th anniversary in 2026, it continues to build on its commitment with their 50+500+5,000 campaign: constructing, gifting and modifying a record 50 homes this year, reaching its milestone 500th home before the end of 2026, and supporting more than 5,000 veterans, first responders, and their family members through all its programs since 2006.

The Veterans Receiving Mortgage-Free Homes

Walker enlisted in the Air Force in 2008 and served for more than 12 years, including three deployments to Afghanistan. During his service and in the years following, Walker was diagnosed with Synovial Sarcoma, a rare cancer that ultimately resulted in the amputation of his left leg below the knee. Despite these challenges, he has remained deeply committed to his fellow veterans and the adaptive sports community, competing in the Invictus Games and training to become a Paralympic athlete.

“Presenting Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a powerful reminder of our responsibility to the men and women who have served our country,” said Andy Pujol, founder and CEO of Building Homes for Heroes. “Between Staff Sergeant Walker’s determination in the face of a life-changing diagnosis, and Specialist Heard’s courage under fire in Afghanistan and his ongoing recovery from a traumatic brain injury, these are the stories that drive our mission every day. Homes like these are made possible through our valued partnerships with organizations like SAIC and AWS, whose unwavering support allows us to create life-changing moments for deserving heroes and their families.”

Inspired by his father’s 23 years of service in the Florida National Guard and driven by the events of September 11, 2001, Heard enlisted in the Army in February 2007 out of Jacksonville, Florida. During his more than six years of service, Heard completed two deployments to Iraq and one to Afghanistan. On July 7, 2013, while conducting a counter-IED mission in Afghanistan’s Logar Province, he and three fellow soldiers triggered a pressure-plate IED. The explosion left him with a severe traumatic brain injury, and despite his injuries, he helped treat wounded comrades and coordinate medical evacuation before losing consciousness. Today, Heard lives with a TBI, PTSD, chronic migraines, and numerous other service-connected conditions, and has found healing through nature-based therapy, including fishing, kayaking, and equine therapy programs for veterans. He is a Purple Heart recipient, and together with his partner, is raising two young children, driven by his dreams of providing a stable home for his family in Tampa, Florida.

“Helping warriors like Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a great way to take purposeful action during Military Appreciation Month,” said SAIC CEO Jim Reagan. “SAIC is proud to collaborate with Amazon Web Services and the many other corporate partners who attended today’s golf fundraiser for Building Homes for Heroes, an extraordinary organization that is making a huge difference for veterans, their families, and Gold Star families.”

About Building Homes for Heroes
Building Homes for Heroes builds and gifts mortgage-free homes, and completes home modifications, for veterans, emergency first responders and their families, and provides further services along their road to recovery to help them live a promising and fulfilling life ahead. The organization reached a 96% program rating in 2025, the 13th straight year earning a program rating of at least 93%. It also received a perfect 4-star rating from Charity Navigator for seven straight years, including a 100% in transparency and accountability.

Media Contact
David Weingrad, Building Homes for Heroes, Director of Communications, (516) 643-0325

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SOURCE Building Homes For Heroes

MarketView integrates verified spot exchange and OTC broker pricing with full-spectrum energy markets, giving trading and risk teams a single, authoritative view of price formation across environmental and energy commodities

NEW YORK and AUSTIN, Texas, May 5, 2026 /PRNewswire/ — Enverus and Xpansiv today announced an expanded partnership that brings Xpansiv CBL spot exchange transaction data and Evolution Markets forward indicative pricing for energy and environmental commodity markets into MarketView®, creating a consolidated price discovery and workflow platform across energy and environmental commodity markets.

Currently, exchange prices, OTC broker assessments, and core commodity data have lived in separate systems, forcing traders and risk teams to reconcile incomplete views of the market. The new offering harmonizes disparate environmental commodity data for market participants, including trading houses, brokers, financial institutions and corporate buyers. MarketView now eliminates that fragmentation by bringing the most critical pricing signals together.

MarketView already serves more than 8,000 users across 500+ client sites, delivering real-time access to energy, commodity, and financial data from more than 500 providers across all major global exchanges, North American power ISOs, and leading price reporting agencies including OPIS, Argus, Platts, ICIS, and Fastmarkets. The addition of CBL and Evolution Markets data extends that trusted foundation into environmental commodity markets.

With the addition of CBL and Evolution Markets data from Xpansiv, market participants can now access:

• Verified exchange transactions and firm orders from CBL, the world’s largest spot marketplace for environmental commodities, including renewable energy certificates (RECs) and carbon credits.
• OTC broker spot and forward pricing from Evolution Markets, an Xpansiv company, covering a broad range of energy and environmental markets.

All data is delivered within a single, continuous workflow used for pricing, risk, and trading decisions.

The integration enables faster and more accurate:

• Defensible mark-to-market valuations grounded in both executable transactions and broker-informed forward curves
• Comprehensive cross-market risk analysis across environmental and traditional energy exposures
• Liquidity-aware trading decisions informed by both exchange activity and OTC market depth

“Environmental markets didn’t lack data, they lacked cohesion,” said Matt Wilcoxson, EVP of Strategic Development, Enverus. “Traders were forced to piece together exchange prices, broker views, and their core positions across multiple systems. MarketView now brings those signals together into a single, trusted view of the market.”

“Xpansiv offers an unmatched source of end-of-day and historical data for environmental and energy commodities, covering both exchange and OTC markets,” said Russell Karas, Senior Vice President, Strategic Market Solutions, Xpansiv. “With Enverus, we’re bringing together spot exchange and OTC data in one place, providing trading, risk, and compliance teams the clarity they need to make faster, more confident decisions grounded in comprehensive market insights.”

CBL is the largest global spot exchange for REC and carbon credit transactions. The venue is integrated with Xpansiv’s comprehensive infrastructure platform and registry network, with a leading position in electricity that covers approximately 30% of global REC issuance, 7% of global renewable electricity generation, and 4% of total global electricity generation.

Its data provides the most authoritative view of executable prices and is a standard reference for mark-to-market valuation, risk modeling, and settlement. Spot market data covering North American and International RECs, carbon credits, Low Carbon Fuel Standard (LCFS) credits and Australian Carbon Credit Units (ACCUs) will be available on MarketView. Historical data for RECs and carbon credits extend back to 2016.

Evolution Markets is a leading intermediary in the energy and environmental commodity markets. It disseminates daily forward market data for a range of carbon, renewable energy, US emissions, natural gas, coal, power, and nuclear markets. Historical data dates back as far as 2000 (coal), 2002 (US emissions), 2006 (nuclear), and 2008 (RECs).

By combining exchange-verified data with OTC market color and the broader energy complex, MarketView gives trading desks a complete and consistent view of price formation across markets that were previously siloed.

Learn more at https://www.enverus.com/products/trading-and-risk-marketview

About Enverus
Enverus is the energy industry’s AI and data platform, serving more than 8,000 energy companies across 50 countries. Built on 25+ years of proprietary intelligence — 2.7 petabytes of continuously updated data, 350 million+ courthouse records, and $500 billion+ in annual transaction covering the full energy value chain across upstream, midstream, power, renewables, utilities, and capital markets. Enverus is 100% dedicated to energy. Learn more at Enverus.com.

About Xpansiv
Xpansiv is the leading infrastructure provider for the energy transition markets.  The company’s comprehensive platform includes registries, online marketplaces, market execution services, wholesale power solutions, and market data for energy and environmental commodity markets. Trusted worldwide, Xpansiv helps market participants capture opportunities and drive environmental impact. Xpansiv provides solutions that enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance. Company investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.  Learn more at xpansiv.com.

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SOURCE Enverus

CHARLOTTE, N.C., May 5, 2026 /PRNewswire/ — Miller Environmental Group (“Miller”), a Coalesce Capital portfolio company, today announced that it has acquired Central Ohio Oil Inc. (“Central Ohio Oil” or the “Company”), a leading provider of waste treatment, processing, recycling, and disposal.

Central Ohio Oil, headquartered in Columbus, Ohio, provides a comprehensive suite of specialized waste services, including non-hazardous liquid and solid waste treatment and disposal, used oil and fuel recycling, and drum disposal. The Company serves a diverse base of industrial and commercial customers across the region, with a longstanding reputation for reliability, safety, and operational excellence.

The acquisition of Central Ohio Oil further strengthens Miller’s footprint and capabilities in the Midwest, and follows Miller’s recent acquisitions of Haz-Mat Environmental Services, Canco, and ACE Environmental. 

Robb Schreck, CEO of Miller, said: “The acquisition of Central Ohio Oil extends our platform in a strategically important region while adding specialized treatment, disposal, and processing capabilities. We are excited to welcome these talented teams, who share Miller’s commitment to safety, quality, and customer service, and we look forward to building on the strong foundation they have established.”

“We are excited to begin this next chapter with Miller,” said Scott Snedegar, CEO and President of Central Ohio Oil. “We believe the combination with the Miller platform will bolster our ability to serve growing customer demand and we are well positioned to continue to offer the highest quality of service.”

About Miller Environmental Group Miller Environmental Group, founded in 1971, is a service-led, industry-leading provider of waste, industrial, and environmental services serving all sectors of the economy, including power & utility, transportation, retail, and manufacturing. The Company’s vertically-integrated network of waste treatment facilities and national network of branches and subcontractors allow it to provide its complementary service offering at scale. Miller operates in more than 35 locations throughout the United States. For more information, please visit www.millerenv.com.

About Coalesce Capital Coalesce Capital is a private equity firm that partners with entrepreneurs and management teams to build enduring value around differentiated businesses. Coalesce has over $1.8 billion of regulatory assets under management and is dedicated to investing in human capital-driven and technology-enabled services companies. The firm’s growth-oriented investment philosophy centers around its conviction that people are the most important ingredient of value creation. Coalesce leverages its sector expertise, strategic resources and capital to collaborate with management teams to create shared success. For more information, please visit www.coalescecap.com. Follow Coalesce on LinkedIn: @Coalesce.

Media Contact Ed Trissel / Kate Thompson / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Coalesce-JF@joelefrank.com

View original content:https://www.prnewswire.com/news-releases/miller-environmental-group-acquires-central-ohio-oil-expanding-midwest-footprint-302762739.html

SOURCE Miller Environmental Group

CHARLOTTE, N.C., May 5, 2026 /PRNewswire/ — Miller Environmental Group (“Miller”), a Coalesce Capital portfolio company, today announced that it has acquired Central Ohio Oil Inc. (“Central Ohio Oil” or the “Company”), a leading provider of waste treatment, processing, recycling, and disposal.

Central Ohio Oil, headquartered in Columbus, Ohio, provides a comprehensive suite of specialized waste services, including non-hazardous liquid and solid waste treatment and disposal, used oil and fuel recycling, and drum disposal. The Company serves a diverse base of industrial and commercial customers across the region, with a longstanding reputation for reliability, safety, and operational excellence.

The acquisition of Central Ohio Oil further strengthens Miller’s footprint and capabilities in the Midwest, and follows Miller’s recent acquisitions of Haz-Mat Environmental Services, Canco, and ACE Environmental. 

Robb Schreck, CEO of Miller, said: “The acquisition of Central Ohio Oil extends our platform in a strategically important region while adding specialized treatment, disposal, and processing capabilities. We are excited to welcome these talented teams, who share Miller’s commitment to safety, quality, and customer service, and we look forward to building on the strong foundation they have established.”

“We are excited to begin this next chapter with Miller,” said Scott Snedegar, CEO and President of Central Ohio Oil. “We believe the combination with the Miller platform will bolster our ability to serve growing customer demand and we are well positioned to continue to offer the highest quality of service.”

About Miller Environmental Group Miller Environmental Group, founded in 1971, is a service-led, industry-leading provider of waste, industrial, and environmental services serving all sectors of the economy, including power & utility, transportation, retail, and manufacturing. The Company’s vertically-integrated network of waste treatment facilities and national network of branches and subcontractors allow it to provide its complementary service offering at scale. Miller operates in more than 35 locations throughout the United States. For more information, please visit www.millerenv.com.

About Coalesce Capital Coalesce Capital is a private equity firm that partners with entrepreneurs and management teams to build enduring value around differentiated businesses. Coalesce has over $1.8 billion of regulatory assets under management and is dedicated to investing in human capital-driven and technology-enabled services companies. The firm’s growth-oriented investment philosophy centers around its conviction that people are the most important ingredient of value creation. Coalesce leverages its sector expertise, strategic resources and capital to collaborate with management teams to create shared success. For more information, please visit www.coalescecap.com. Follow Coalesce on LinkedIn: @Coalesce.

Media Contact Ed Trissel / Kate Thompson / Kate Kelley
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Coalesce-JF@joelefrank.com

View original content:https://www.prnewswire.com/news-releases/miller-environmental-group-acquires-central-ohio-oil-expanding-midwest-footprint-302762739.html

SOURCE Miller Environmental Group

VANCOUVER, BC, May 5, 2026 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2026. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

Highlights (comparisons are to Q1 2025):

• Revenue of $19.4 million, up 26% year over year (“YoY”).  
• 14% gross margin a 37-point improvement from Q1 2025.
• 36% reductions in Total Operating Expenses².
• Q1 ended with $516.8 million in cash and cash equivalents.
• Positive momentum in bus market with New Flyer commercial agreement and strong traction with European OEM’s

“In Q1, we made continued progress toward positive cash flow. Quarterly revenue grew 26% year over year, driven by increased engine shipments during the period. Disciplined cost management also contributed to an improvement in gross margins, which rose to 14%,” said Marty Neese, Ballard’s President and CEO. “These results build on the momentum established in 2025 and reinforce that we are on the right path.”

“We continue to see strong momentum in the fuel cell bus market, supported by increasing long-term customer commitments. New Flyer’s multi-year 50 MW agreement highlights accelerating fleet adoption in North America. In the U.K. and E.U., we are seeing strong traction with two additional bus OEMs that are advancing next‑generation hydrogen bus platforms powered by our FCmove^®‑SC engine. They recognize the benefit of the FCmove^®-SC engine to lower total cost of ownership through higher power density, enhanced durability, and simplified installation and maintenance. Together, these advancements support improved customer economics and position us for stronger margin performance over time,” added Mr. Neese.

Mr. Neese continued, “Ballard maintains a leading position in the North American and European fuel cell bus markets, built on sustained commercial execution and technical leadership. Our engines have surpassed 300 million kilometers of real-world fleet operation, underscoring their durability and reliability in demanding applications.”

He concluded, “We ended Q1 with $516.8 million in cash and no near- or mid-term financing requirements, providing a strong foundation to execute our strategy. This financial strength enables us to continue investing in product maturity, cost reduction, and customer success—key drivers of scalable growth and long-term value creation in hydrogen mobility.”

Q1 2026 Financial Highlights
(all comparisons are to Q1 2025 unless otherwise noted)

• Total revenue was $19.4 million in the quarter, representing 26 % year‑over‑year growth, reflecting continued momentum across multiple end‑markets.
  • Bus revenue was $6.8 million, down 46% from Q1 2025, while Rail revenue increased to $5.1 million, a 4472% increase YoY.
  • Stationary revenue increased to $5.2 million, up 775% YoY, while Other Markets revenue grew to $2.4 million, up 6% YoY.
• Gross margin was 14% in the quarter, an improvement of 37-points.
• Total Operating Expenses² were $16.4 million, a decrease of 36%.
• Total Cash Used by Operating Activities was $7.8 million, compared to $24.4 million in the prior year, an improvement of 68 % YoY.
• Cash and cash equivalents were $516.8 million at the end of Q1 2026, compared to $576.7 million in the prior year.
• Adjusted EBITDA¹ was ($11.4) million, compared to ($27.5) million in Q1 2025. The improvement in Adjusted EBITDA was driven primarily by margin and operating cost improvements.
• Order Backlog at the end of Q1 2026 was $112.9 million, a decrease of 5% compared to the end of Q4 2025.
• The 12-month Orderbook was $52.8 million at end of Q1, a decrease of $1.1 million or 2% from the end of Q4 2025.

2026 Outlook

Consistent with our past practice, and in view of the early stage of hydrogen fuel cell market development, specific revenue and net income (loss) guidance for 2026 is not provided. We expect revenue in 2026 will be back-half weighted. Total Operating Expense² and Capital Expenditure³ guidance ranges for 2026 are as noted below. We continue to review and consider various options to reduce our operating cost structure and capital spend, which may result in revisions to our guidance ranges at a future date.

Q1 2026 Financial Summary

For a more detailed discussion of Ballard Power Systems’ first quarter 2026 results, please see the company’s financial statements and management’s discussion & analysis, which are available at www.ballard.com/investors, www.sedarplus.ca and www.sec.gov/edgar.shtml.

Conference Call
Ballard will hold a conference call on Tuesday May 5, 2026 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2026 operating results. The live call can be accessed by dialing +1-844-763-8274 (Canada/US toll free). Alternatively, a live audio and webcast can be accessed through a link on Ballard’s homepage (www.ballard.com). Following the call, the audio webcast and presentation materials will be archived in the ‘Earnings, Interviews & Presentations’ area of the ‘Investors’ section of Ballard’s website (www.ballard.com/investors).

About Ballard Power Systems
Ballard Power Systems’ (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet. Ballard zero- emission PEM fuel cells are enabling electrification of mobility, including buses, commercial trucks, trains, marine vessels, and stationary power. To learn more about Ballard, please visit www.ballard.com.

Important Cautions Regarding Forward-Looking Statements
Some of the statements contained in this release are forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws, such as statements concerning the markets for our products, Order Backlog, expected revenues, gross margins, operating expenses, capital expenditures, corporate development activities, and impacts of investments in manufacturing and R&D capabilities and cost reduction initiatives. These forward-looking statements reflect Ballard’s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond Ballard’s ability to control or predict. Actual events, results and developments may differ materially from those contemplated by such forward-looking statements. Any such statements are based on Ballard’s assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, market demand and financing needs. For a detailed discussion of the factors and assumptions that these statements are based upon, and factors that could cause our actual results or outcomes to differ materially, please refer to Ballard’s most recent management discussion & analysis. Other risks and uncertainties that may cause Ballard’s actual results to be materially different include general economic and regulatory changes, detrimental reliance on third parties, level of achievement of our business plans, achieving and sustaining profitability, changes that affect how long our cash reserves will last and the timing of, and ability to obtain, required regulatory approvals. For a detailed discussion of these and other risk factors that could affect Ballard’s future performance, please refer to Ballard’s most recent Annual Information Form. These forward-looking statements represent Ballard’s views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. These forward-looking statements are provided to enable external stakeholders to understand Ballard’s expectations as at the date of this release and may not be appropriate for other purposes. Readers should not place undue reliance on these statements and Ballard assumes no obligation to update or release any revisions to them, other than as required under applicable legislation.

Further Information
Sumit Kundu –Investor Relations +1.604.453.3517 or investors@ballard.com

Endnotes

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SOURCE Ballard Power Systems Inc.

NEWARK, Del., May 5, 2026 /PRNewswire/ — According to the latest market analysis by Future Market Insights, the PEM small capacity electrolyzer market is entering a phase of steady, policy-supported expansion, underpinned by rising demand for decentralized hydrogen production and renewable energy integration. The market is valued at USD 141.7 million in 2025 and is projected to reach USD 265.9 million by 2035, reflecting a compound annual growth rate (CAGR) of 6.5% over the forecast period.

Quick Stats Snapshot (PEM Small Capacity Electrolyzer Market)

• Market Size (2025): USD 141.7 million
• Forecast (2035): USD 265.9 million
• CAGR (2025–2035): 6.5%
• Leading Capacity Segment (2025): ≤ 100 kW (47.3% share)
• Largest Application Segment (2025): Power Generation (44.9% share)
• Fastest Growing Region: Asia-Pacific (led by China and India)

Detailed market forecasts, competitive benchmarking, and pricing trends:  https://www.futuremarketinsights.com/reports/sample/rep-gb-24107

Market Size and Forecast: Steady Expansion Underpinned by Hydrogen Infrastructure Buildout

The PEM small capacity electrolyzer market is projected to grow from USD 141.7 million in 2025 to USD 265.9 million by 2035, reflecting a stable 6.5% CAGR over the forecast period. Growth is expected to remain consistent rather than cyclical, supported by long-term energy transition policies and gradual scaling of hydrogen ecosystems.

Between 2025 and 2030, the market is forecast to expand from USD 141.7 million to USD 194.1 million, driven by early-stage commercialization of distributed hydrogen systems and pilot deployments in renewable-heavy grids. By the end of the decade, small-scale PEM electrolyzers are expected to transition from demonstration assets to operational components within microgrids, refueling hubs, and industrial energy systems.

Key Growth Drivers Reshaping Market Demand

1. Shift Toward Distributed Hydrogen Production

A defining structural driver is the decentralization of hydrogen generation. Industries and utilities are increasingly moving away from centralized hydrogen supply chains toward on-site production models, particularly in remote or grid-constrained environments. PEM small capacity systems, due to their compact design and rapid responsiveness, are well suited for these deployments.

2. Integration with Renewable Energy Systems

The coupling of electrolyzers with solar and wind assets is becoming a core strategy for managing renewable intermittency. Excess electricity is increasingly being converted into hydrogen for storage or later reconversion to power, strengthening the role of PEM systems in grid stabilization.

3. Policy-Led Hydrogen Acceleration

National hydrogen strategies across Europe, Asia, and North America are channeling subsidies, tax incentives, and infrastructure funding into electrolysis technologies. These policies are particularly supportive of early-stage, small-scale deployments that can be scaled over time.

Market Challenges

• High upfront capital requirements limit adoption among smaller operators
• Maintenance complexity due to membrane degradation and system servicing needs
• Hydrogen cost competitiveness still lags behind fossil-based alternatives in some regions
• Supply chain constraints for critical materials used in PEM stacks

Emerging Opportunities

• Modular and scalable electrolyzer systems enabling flexible deployment
• Renewable-powered microgrids for off-grid and remote applications
• Expansion of hydrogen refueling infrastructure for mobility applications
• Industrial decarbonization across steel, chemicals, and refining sectors, enabling new distributed energy business models

Segmentation Insights

By Capacity

• ≤ 100 kW (Dominant Segment – 47.3% share in 2025):
  Widely adopted for pilot projects, research facilities, and localized hydrogen generation. Its appeal lies in low footprint, fast installation, and operational flexibility.
• 100–300 kW:
  Increasingly used in medium-scale industrial and mobility applications.
• 300–500 kW:
  Emerging for larger distributed energy hubs and industrial clusters.

By Application

• Power Generation (44.9% share in 2025):
  Leads the market due to hydrogen’s growing role in energy storage and grid balancing.
• Transportation:
  Supports early hydrogen refueling infrastructure development.
• Industrial Energy & Feedstock:
  Gaining traction in hard-to-abate sectors seeking low-carbon alternatives.

Speak to Analyst: Customize insights for your business strategy: https://www.futuremarketinsights.com/customization-available/rep-gb-24107

Regional Analysis: Diverging Growth Trajectories Across Markets

Asia-Pacific: Fastest Expansion Zone

China and India are leading global growth, driven by aggressive hydrogen roadmaps, industrial expansion, and state-backed infrastructure programs. China’s CAGR of 8.8% reflects its scale advantage in industrial hydrogen deployment, while India (8.1% CAGR) is accelerating through policy-driven clean energy initiatives.

Europe: Policy-Driven Hydrogen Ecosystem

Germany, France, and the UK continue to anchor Europe’s hydrogen transition. Germany, at 7.5% CAGR, remains the regional technology and deployment leader, supported by strong industrial demand and regulatory alignment with net-zero targets.

North America: Steady but Mature Growth

The United States is expanding at a more moderate 5.5% CAGR, driven by private-sector investment in clean hydrogen hubs and transportation applications. Growth is steady but shaped by infrastructure pacing rather than demand constraints.

Competitive Landscape: Technology Leadership and Modular Innovation Define Positioning

The market remains moderately consolidated, with established industrial gas and clean energy firms dominating early deployments.

Key players include:

• Air Products and Chemicals, Inc.
• Nel ASA
• ITM Power PLC
• Siemens Energy
• Linde plc
• Plug Power Inc.
• McPhy Energy S.A.
• Elogen
• Giner Inc.
• Hydrogenics

Future Outlook: From Pilot Projects to Distributed Hydrogen Networks

By 2035, PEM small capacity electrolyzers are expected to transition from niche deployment tools to foundational components of distributed hydrogen infrastructure. Their role will extend beyond production into energy system balancing, industrial feedstock supply, and mobility fueling ecosystems.

The long-term trajectory suggests a shift toward hybrid energy networks, where electricity and hydrogen systems operate in parallel, optimizing resilience and decarbonization outcomes.

Executive Takeaways

• The market is on a stable 6.5% growth path, reaching USD 265.9 million by 2035
• ≤ 100 kW systems dominate adoption, driven by flexibility and low entry barriers
• Power generation remains the primary demand anchor, reflecting grid balancing needs
• Asia-Pacific is the global growth engine, led by China and India
• Competitive advantage is shifting toward modular, integrated hydrogen solutions rather than standalone equipment
• Long-term opportunity lies in distributed hydrogen infrastructure networks, not isolated deployments

Unlock 360° insights for strategic decision making and investment planning:  https://www.futuremarketinsights.com/checkout/24107

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Nuclear Energy Consulting Service Market: https://www.futuremarketinsights.com/reports/nuclear-energy-consulting-service-market

AI in Oil and Gas Market: https://www.futuremarketinsights.com/reports/ai-in-oil-and-gas-market

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SOURCE Future Market Insights

Brent Ramdin on navigating change, seizing opportunity, and leading with purpose

BOCA RATON, Fla., May 4, 2026 /PRNewswire/ — EducationDynamics today announced that CEO Brent Ramdin will deliver the commencement address at Florida Atlantic University, his alma mater, for graduates of the College of Business and College of Education’s master’s and doctoral programs on Thursday, May 7 at 5:00 p.m.

Ramdin, who has spent more than a decade working with colleges and universities, will speak to those entering a rapidly evolving professional landscape shaped by artificial intelligence, shifting global dynamics, and new career pathways.

In his address, Ramdin will discuss how today’s class is stepping into a future that’s still taking shape. For many, that’s both exciting and full of possibility. The path from education to career is no longer linear. Success now depends on graduates applying what they’ve learned, continuing to grow, and having the confidence to meet the moment.

“You’re not stepping into a world that will hold still for you,” said Ramdin. “But that doesn’t diminish the value of what you’ve learned—it raises the bar for how you use it. The foundation you’ve built here is what allows you to think clearly, make sound decisions, and take a bold role in shaping the future.”

The address will also explore how graduates can lead in this kind of environment while staying grounded in the skills and perspective they developed during their time at FAU.

Ramdin earned his undergraduate degree and an MBA at FAU. He has led several organizations, serving as President at Encoura and CEO of DataServ. He was named CEO of EducationDynamics in 2024, where he leads efforts to help colleges and universities strengthen their reputations and drive sustainable growth in a rapidly changing education landscape.

“The challenge now isn’t to have every answer,” Ramdin added. “It’s to take what you know, stay curious, and use it to shape what comes next with purpose.”

About EducationDynamics

EducationDynamics is the strategic partner for higher education institutions that are done settling for the status quo. We fuse brand, marketing, communications, and enrollment into one integrated force, because aligning revenue and reputation is no longer optional — it’s survival. Powered by one of the most robust first-party datasets in higher ed, we don’t just advise on strategy; we activate and execute. If you’re ready to rethink the future of higher education, we’re ready to help you build it. For more information, visit: educationdynamics.com.

View original content:https://www.prnewswire.com/news-releases/educationdynamics-ceo-to-address-graduates-the-world-youre-entering-is-still-being-written-302761967.html

SOURCE EducationDynamics

Brent Ramdin on navigating change, seizing opportunity, and leading with purpose

BOCA RATON, Fla., May 4, 2026 /PRNewswire/ — EducationDynamics today announced that CEO Brent Ramdin will deliver the commencement address at Florida Atlantic University, his alma mater, for graduates of the College of Business and College of Education’s master’s and doctoral programs on Thursday, May 7 at 5:00 p.m.

Ramdin, who has spent more than a decade working with colleges and universities, will speak to those entering a rapidly evolving professional landscape shaped by artificial intelligence, shifting global dynamics, and new career pathways.

In his address, Ramdin will discuss how today’s class is stepping into a future that’s still taking shape. For many, that’s both exciting and full of possibility. The path from education to career is no longer linear. Success now depends on graduates applying what they’ve learned, continuing to grow, and having the confidence to meet the moment.

“You’re not stepping into a world that will hold still for you,” said Ramdin. “But that doesn’t diminish the value of what you’ve learned—it raises the bar for how you use it. The foundation you’ve built here is what allows you to think clearly, make sound decisions, and take a bold role in shaping the future.”

The address will also explore how graduates can lead in this kind of environment while staying grounded in the skills and perspective they developed during their time at FAU.

Ramdin earned his undergraduate degree and an MBA at FAU. He has led several organizations, serving as President at Encoura and CEO of DataServ. He was named CEO of EducationDynamics in 2024, where he leads efforts to help colleges and universities strengthen their reputations and drive sustainable growth in a rapidly changing education landscape.

“The challenge now isn’t to have every answer,” Ramdin added. “It’s to take what you know, stay curious, and use it to shape what comes next with purpose.”

About EducationDynamics

EducationDynamics is the strategic partner for higher education institutions that are done settling for the status quo. We fuse brand, marketing, communications, and enrollment into one integrated force, because aligning revenue and reputation is no longer optional — it’s survival. Powered by one of the most robust first-party datasets in higher ed, we don’t just advise on strategy; we activate and execute. If you’re ready to rethink the future of higher education, we’re ready to help you build it. For more information, visit: educationdynamics.com.

View original content:https://www.prnewswire.com/news-releases/educationdynamics-ceo-to-address-graduates-the-world-youre-entering-is-still-being-written-302761967.html

SOURCE EducationDynamics

Brent Ramdin on navigating change, seizing opportunity, and leading with purpose

BOCA RATON, Fla., May 4, 2026 /PRNewswire/ — EducationDynamics today announced that CEO Brent Ramdin will deliver the commencement address at Florida Atlantic University, his alma mater, for graduates of the College of Business and College of Education’s master’s and doctoral programs on Thursday, May 7 at 5:00 p.m.

Ramdin, who has spent more than a decade working with colleges and universities, will speak to those entering a rapidly evolving professional landscape shaped by artificial intelligence, shifting global dynamics, and new career pathways.

In his address, Ramdin will discuss how today’s class is stepping into a future that’s still taking shape. For many, that’s both exciting and full of possibility. The path from education to career is no longer linear. Success now depends on graduates applying what they’ve learned, continuing to grow, and having the confidence to meet the moment.

“You’re not stepping into a world that will hold still for you,” said Ramdin. “But that doesn’t diminish the value of what you’ve learned—it raises the bar for how you use it. The foundation you’ve built here is what allows you to think clearly, make sound decisions, and take a bold role in shaping the future.”

The address will also explore how graduates can lead in this kind of environment while staying grounded in the skills and perspective they developed during their time at FAU.

Ramdin earned his undergraduate degree and an MBA at FAU. He has led several organizations, serving as President at Encoura and CEO of DataServ. He was named CEO of EducationDynamics in 2024, where he leads efforts to help colleges and universities strengthen their reputations and drive sustainable growth in a rapidly changing education landscape.

“The challenge now isn’t to have every answer,” Ramdin added. “It’s to take what you know, stay curious, and use it to shape what comes next with purpose.”

About EducationDynamics

EducationDynamics is the strategic partner for higher education institutions that are done settling for the status quo. We fuse brand, marketing, communications, and enrollment into one integrated force, because aligning revenue and reputation is no longer optional — it’s survival. Powered by one of the most robust first-party datasets in higher ed, we don’t just advise on strategy; we activate and execute. If you’re ready to rethink the future of higher education, we’re ready to help you build it. For more information, visit: educationdynamics.com.

View original content:https://www.prnewswire.com/news-releases/educationdynamics-ceo-to-address-graduates-the-world-youre-entering-is-still-being-written-302761967.html

SOURCE EducationDynamics