Plug Power Inc (PLUG) and Ballard Power (BLDP) announced they have been awarded a $2M program by the U.S. Department of Defense to develop an advanced prototype PEM fuel cell system to support Defense Continuity of Operations (COOP). Under this program, Plug Power and Ballard will jointly develop a next-generation prototype PEM fuel cell power solution to be used in backup power applications. Plug Power will act as the systems integrator, using a Ballard® fuel cell stack for evaluation and potential use in COOP programs for the U.S. Department of Defense and Department of Homeland Security. [ more ] PLUG opened up over 3% this morning and BLDP is up over 2% on the news.
