Ballard has signed a Memorandum of Understanding with Korean manufacturer and long-term partner, Kolon Industries, Inc, strengthening collaboration and innovation across the hydrogen value chain.
The agreement was formalized during the World Hydrogen EXPO / H2 MEET 2025 in Seoul on December 4 by Ballard CEO Marty Neese and Kolon President Sung Huh, PhD.
The MoU marks an important step toward a deeper strategic collaboration between the two companies, combining Kolon’s strengths in materials and humidifier technologies with Ballard’s leadership in FuelCell systems.
Neese said: “Kolon’s scalable manufacturing capabilities and mature production know-how offer a clear path to cost reduction as volumes ramp up. The strong technical fit with our system requirements allows for smoother integration and predictable performance, which contributes to reducing long-term engineering and validation costs. This partnership supports our long-term cost-down roadmap, ensuring competitiveness against industry benchmarks.”
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