The combined business brings together Ballard’s proven fuel cell technology and global scale with GeoPura’s Hydrogen Power Units, fuel supply capabilities and Energy-as-a-Service business model.

VANCOUVER, BC and NEWCASTLE, UK, Aug. 28, 2026 /PRNewswire/ — Ballard Power Systems Inc. (NASDAQ: BLDP) (TSX: BLDP) (“Ballard”), a global leader in hydrogen fuel cell technology, today announced that it has closed the acquisition of GeoPura Limited (“GeoPura”), a leading UK-based provider of zero-emission, hydrogen-based power solutions.

Founded in 2019, GeoPura’s mission is to deliver reliable, zero-emission power where and when it is required. The company designs, manufactures, and operates their category defining Hydrogen Power Unit™, or HPU™, that offer clean, low noise, off-grid power with 6-9’s reliability. Utilizing Ballard fuel cell modules at their core, these advanced systems convert hydrogen into clean electricity. GeoPura also produces green hydrogen, generated via electrolysis, at its dedicated production facilities and transports it with the UK’s largest compressed hydrogen distribution fleet.

The acquisition transforms Ballard into an integrated hydrogen energy solutions provider. The combination of GeoPura’s HPU™ platform, fuel production, and logistics with Ballard’s advanced fuel cell technology, creates a turnkey Energy-as-a-Service (EaaS) solution enabling Ballard to serve customers as a one-stop zero-emission energy solution provider. This end-to-end capability strengthens Ballard’s market presence across Europe, offers new commercial opportunities into North America, while reinforcing its long-term path toward sustainable profitability and accelerated growth.

“Today marks a pivotal milestone in Ballard’s evolution as we officially welcome GeoPura to our organization,” said Marty Neese, Chief Executive Officer of Ballard. “By bringing GeoPura’s clean power generation platform together with Ballard’s fuel cell stack engineering under one roof, we provide our customers with a single, integrated source for reliable zero-emission power. This strategic combination enhances our competitive advantage across Europe and North America and positions Ballard to capture value across the entire hydrogen ecosystem.”

Andrew Cunningham, who now takes the role of Ballard’s President, added, “Uniting with Ballard creates a stronger, more resilient partner for customers facing increasingly complex energy challenges. Together, we combine world-leading fuel cell technology with proven hydrogen power production and infrastructure expertise to deliver reliable, zero-emission energy where and when it’s needed. From replacing fossil fuel generation and overcoming grid constraints to strengthening energy security and protecting local air quality, we provide a practical solution to some of the most pressing power challenges facing businesses today. I’m energised to lead our combined team as we take these capabilities to more customers and markets around the world and execute on our shared growth vision.”

The transaction agreement includes total upfront consideration of £275.0 million, comprising £82.5 million in cash, 49,584,212 newly issued Ballard common shares and restricted share units which will be settled in 12 months for an additional 1,084,540 Ballard common shares. On a pro-forma basis, former GeoPura shareholders hold approximately 14.1% of Ballard’s outstanding common shares. Ballard may pay up to £27.5 million in additional contingent consideration upon GeoPura’s achievement of specified post-closing financial milestones.

Effective with closing, Andrew Cunningham has assumed the role of President of Ballard, reporting directly to Chief Executive Officer Marty Neese. In addition, Andrew Cunningham and Lord Richard Harrington, former UK Business and Industry Minister and Chairman of GeoPura, have joined Ballard’s Board of Directors as nominees designated by the former GeoPura shareholders.

About Ballard

Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) is a global leader in zero-emission hydrogen energy solutions and an integrated Energy-as-a-Service (EaaS) provider. Together, with its wholly owned subsidiary, GeoPura Ltd., Ballard delivers turnkey, vertically integrated hydrogen ecosystem solutions spanning hydrogen production, logistics, refuelling, zero-emission fuel cell engines, and stationary Hydrogen Power Units.

Ballard powers critical off-grid, stationary applications – including construction, events, film sets, healthcare, defense, temporary power infrastructure, and supplies fuel cell engines for heavy-duty mobility applications such as bus, rail, and marine. With an EaaS model, combined with cutting-edge technology across the hydrogen value chain, Ballard decarbonizes mission-critical operations worldwide. To learn more about Ballard, visit www.ballard.com.

Important Cautions Regarding Forward-Looking Statements

This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Often, but not always, forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue”, and “guidance”, or other similar words and may include, without limitation, statements regarding the benefits of the GeoPura acquisition to Ballard, its shareholders, customers, and other stakeholders; market growth and opportunities; plans, strategies and objectives of management; and expected costs or production outputs. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance and achievements to differ materially from any future results, performance or achievements. Relevant factors may include, but are not limited to, foreign exchange rate fluctuations, general economic conditions, increased costs, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions, recruitment and retention of personnel and potential litigation.

Forward-looking statements are based on the Company’s and its management’s good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company’s business and operations in the future. The Company does not give any assurance that the assumptions on which forward-looking statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the Company or its management or beyond the Company’s control. Although the Company attempts and has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in forward-looking statements, there may be other factors that could cause actual results, performance, achievements or events not to be as anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements in this press release speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances.

Further Information
Sumit Kundu – Investor Relations, +1.604.360.3517 or investors@ballard.com

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SOURCE Ballard Power Systems Inc.

LUXEMBOURG, Aug. 28, 2026 /PRNewswire/ — Westbridge Renewable Energy S.A. (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (“Westbridge” or the “Company”) is pleased to announce that it has entered into a definitive share purchase agreement dated August 27, 2026 (the “Agreement”) for the sale of its Red Willow solar-plus-storage project in Alberta (the “Transaction”), through the sale of all of the issued and outstanding shares of its wholly-owned subsidiary, Red Willow Solar Inc. (“Red Willow”).

Summary of key terms

Red Willow is an advanced-stage, utility scale solar-plus-storage project comprising a solar power plant of up to 225 MWac and a proposed 100 MW battery energy storage system, located in Stettler County No. 6 in central Alberta. The project’s power plant and battery energy storage system have received power plant and substation approvals from the Alberta Utilities Commission (AUC), and the project holds an interconnection position in the Alberta Electric System Operator (AESO) process.

Under the terms of the agreement, Westbridge will receive an upfront cash payment at closing, together with additional milestone payments. The total receivables should reach CAD $26.725m, if all the conditions in the agreement are met, comprising the following milestone payments:

At closing, CAD $10,500,000 in cash, plus reimbursement or replacement of the GUOC amount equal to CAD $4,725,000;CAD $4,500,000 payable on the commercial operation date of the battery energy storage system; andAn additional payment equal to CAD $25,000 per MWdc payable on the commercial operation date of the solar photovoltaic system, currently estimated at approximately CAD $7,000,000.

The transaction is subject to customary closing conditions, including regulatory approvals and other conditions precedent. No finder’s fees are payable in connection with the Transaction, and the Transaction is an arm’s length transaction.

The transaction represents another significant milestone in Westbridge’s strategy of originating, developing and de-risking high-quality renewable energy and energy storage infrastructure projects while maintaining a diversified development pipeline across North America and Europe.

Stefano Romanin, Chief Executive Officer of Westbridge, commented:

“The sale of Red Willow represents another important validation of Westbridge’s development and monetization strategy. Since establishing our Alberta platform, we have focused on siting projects in favorable locations with strong renewable resources, transmission access and long-term strategic value. Red Willow is an excellent example of that approach, and this transaction demonstrates continued demand for well-positioned renewable energy and energy storage assets. We remain focused on creating value by developing high-quality projects across our international portfolio.”

Improving Fundamentals and greater certainty for Alberta’s Renewable Energy Market under the Canada-Alberta TIER agreement

On May 15, 2026, Canada and Alberta finalized an Implementation Agreement establishing a long-term trajectory for Alberta’s Technology Innovation and Emissions Reduction system through 2040.2 The framework maintains a carbon price of $95 per tonne in 2026, rising to $100 per tonne in 2027, $130 per tonne by 2035 and $140 per tonne by 2040. It also introduces a regulated minimum price for carbon credits beginning at $60 per tonne in 2030 and increasing to $110 per tonne by 2040.

Potential electricity demand from large loads and data centres

At the same time, prospective large-load transmission-service requests reported by the AESO have exceeded 16 GW, compared with Alberta’s current system peak of approximately 12 GW.3 If this prospective demand is ultimately developed and connected, it could contribute to firmer electricity prices and improve the economics of new generation in the province. Solar generation paired with battery storage may have a role in supplying this additional demand alongside firm generation sources. Actual outcomes will depend on regulatory decisions, connection capacity and the timing and scale of the proposed developments.

Westbridge’s Alberta advantage

Westbridge is an active independent developer of utility-scale solar and battery energy storage in Alberta, with an advanced-stage portfolio in the province. Highlights include:

Dolcy Solar + Energy Storage — up to 300 MWac of solar paired with up to 100 MW of battery storage, approved by the Alberta Utilities Commission.Red Willow Solar + Storage — up to 225 MWac of solar paired with up to 100 MW of battery storage, approved by the Alberta Utilities Commission.Eastervale Solar — up to 300 MWdc of solar, with its application submitted to the Alberta Utilities Commission and the regulatory process underway.350 MWac of new stand-alone battery energy storage projects — adding more than 700 MWh of capacity, each with site control, environmental feasibility work completed and interconnection applications confirmed in the AESO cluster process.

With approved and interconnection-stage solar and storage assets in the province, Westbridge believes it is well positioned to respond when PPA demand returns, offering competitively priced, clean electricity.

The AI Infrastructure Boom Is Reshaping U.S. Power Demand

The rapid expansion of AI computing has made electricity a central constraint on how quickly the sector can grow. Renewables and solar paired with battery storage in particular are increasingly central to how AI infrastructure is powered. This shift is already visible in the market. Over the past year, hyperscalers have signed a series of large solar and battery-storage power purchase agreements (PPAs), particularly in Texas, converting AI-driven demand into contracted offtake for new renewable projects. Publicly reported examples include:4

Google: a 15-year, 500 MW PPA with Linea Energy for the Duffy Solar Project in Matagorda County, Texas, pairing approximately 490 MW of solar with a 235 MW / 470 MWh battery energy storage system.Google: two 15-year PPAs with TotalEnergies for approximately 1 GW of new Texas solar capacity (the 805 MW Wichita and 195 MW Mustang Creek projects), with associated battery storage.Meta: an approximately 600 MW solar project (Clear Fork, developed with Enbridge) supplying its Texas data centres, alongside additional Texas solar contracted under a broader agreement.Developer-led solar-plus-storage campuses aimed at data-centre load, such as AES’s approximately 2,000 MW Bellefield solar-and-storage project in California.

Westbridge’s U.S. positioning

This demand is being met by a rapid acceleration in U.S. renewable deployment. The U.S. Energy Information Administration (EIA) forecasts that 2026 will be a record year for new electricity capacity, with solar and battery storage the primary drivers. Approximately 86 GW of new utility-scale generating capacity is expected to be added in 2026, the largest single-year increase since 2002. Solar is projected to lead with a record of approximately 43 GW, up roughly 60% year-over-year. Battery energy storage is projected to reach a record of approximately 24 GW, while wind is expected to more than double to approximately 12 GW. 

Solar and battery storage, the core technologies in Westbridge’s development portfolio, support this build-out, reflecting their competitive cost and their ability to deliver the firm, round-the-clock power that AI and data-centre loads require. These figures are EIA forecasts and remain subject to change. 5

In the United States, the Company holds a strategic development portfolio, including:

Solar-plus-storage and solar projects in Texas (Accalia) and Louisiana (Southern Prairie, Delphine).Data-centre development projects, including the Fontus data centre and Aster data-centre project, reflecting Westbridge’s integrated approach to pairing power generation, storage and compute-ready sites.

This positions Westbridge as a developer, in the clean-power infrastructure the U.S. AI build-out requires.

Spotlight: Southern Prairie, Louisiana6

Among the Company’s U.S. projects is Southern Prairie, a 200 MWac solar photovoltaic project paired with a 55 MW battery energy storage system in Calcasieu Parish, Louisiana. The project has secured site control, completed initial environmental studies and selected a point of interconnection. Southern Prairie is located in Louisiana, a state experiencing significant growth in industrial, manufacturing and data-centre-related electricity demand, positioning the type of low-carbon capacity the Company develops in proximity to new demand.

Stefano Romanin, CEO of Westbridge, commented:  “The defining constraint on AI is increasingly power, and the fastest way to add generation capacity in many U.S. markets is utility-scale solar paired with storage. We have spent years building a development portfolio across the United States, including in states where data-centre demand is growing quickly, and we believe that positions us to help supply the clean, reliable power this build-out needs. Southern Prairie is one example of the kind of project we develop in strategic locations.”

Citations:

‘2025 Renewables in Review’, published by Canada’s Business Renewables Centre, January 27, 2026.‘Future of Canada’s carbon markets anchored by Canada-Alberta MOU implementation agreement’, Lexology and Osler Hoskin & Harcourt LLP and as published by the Prime Minister of Canada on May 15, 2026, ‘Canada and Alberta strike agreement to diversify our exports, reduce emissions, and build a stronger economy.’‘Alberta Faces a Surge in AI Data Centre Power Demand: AESO Responds with Phased Connection Plan’, McCarthy Tétrault LLP, June 6, 2025.The companies and projects referenced in this section — including Google, Meta, Linea Energy, TotalEnergies, Enbridge and AES — are independent third parties. The power purchase agreements and transactions described are based on publicly available information and are cited solely as illustrative market examples. Westbridge has no relationship, agreement, arrangement or affiliation with any of these parties, and nothing herein should be read to imply any such relationship or any Westbridge offtake or revenue.U.S. Energy Information Administration, ‘New U.S. electric generating capacity expected to reach a record high in 2026′, Feb 20, 2026.The Southern Prairie project is an independent Westbridge development. Its location in Louisiana is referenced only in the context of regional electricity-demand trends. As of the date of this commentary, neither Westbridge nor the Southern Prairie project has any relationship, agreement, arrangement or affiliation with Meta Platforms, Inc. or any of its data-centre projects.

About Westbridge Renewable Energy S.A.

Westbridge Renewable Energy S.A. (TSXV: WEB; OTCQX: WEGYF; FRA: PUQ) is a development-stage developer of utility-scale renewable energy infrastructure, including solar photovoltaic generation and battery energy storage systems, with a project portfolio across North America and Europe. The Company originates, develops and monetizes clean-power projects through their development lifecycle.

www.westbridge.energy  |  Twitter  |  LinkedIn

Third-Party Information

References to third parties and their projects or data — including Meta Platforms, Inc., Entergy, Google, Linea Energy, TotalEnergies, Enbridge, AES and demand and capacity estimates attributed to the International Energy Agency, Janus Henderson Investors, Goldman Sachs Research, McCarthy Tétrault LLP, Lexology, Osler Hoskin & Harcourt LLP and the U.S. Energy Information Administration — are drawn from publicly available information, are provided for illustrative market context only, and do not imply any relationship with, endorsement by, or commercial arrangement with those parties. As of the date of this news release, Westbridge has no relationship, agreement, arrangement or affiliation with Meta Platforms, Inc., and its Louisiana projects are independent of, and unrelated to, any Meta data-centre project.

Forward-Looking Statements

Certain information in this news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws, including, without limitation, statements regarding the completion of the Transaction and the satisfaction of its closing conditions and the timing thereof; the receipt and amount of the base purchase price and any contingent additional solar payment; the future development, permitting, construction and commercial operation of the Red Willow project; potential improvement in Alberta’s renewable energy market and the impact of the Canada–Alberta TIER agreement and carbon-pricing framework; expected large-load, data-centre and AI-driven electricity demand and its potential effect on wholesale power prices; projected U.S. renewable capacity additions; potential future PPA demand; and the Company’s development portfolio and its potential to support or benefit from these trends. Forward-looking statements are frequently identified by words such as “anticipate,” “believe,” “expect,” “intend,” “estimate,” “potential,” “positioned,” “may,” “could” and similar expressions.

Such statements are based on assumptions, including that the closing conditions to the Transaction will be satisfied; that announced agreements and regulations will be implemented as described; that forecast demand and capacity additions will materialize; and that the Company’s projects will advance through permitting, interconnection, financing and construction on anticipated terms and timelines. Actual results may differ materially due to risks and uncertainties, including the failure to satisfy closing conditions or obtain required regulatory or stock exchange approvals; regulatory and policy changes; wholesale electricity price volatility; permitting, interconnection and construction risk; availability and cost of financing; and the other risk factors described in the Company’s continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca. Statements regarding AI and data-centre demand describe market conditions and infrastructure the Company develops and should not be read to imply any signed hyperscaler or data-centre offtake, AI-related revenue, or contracted capability that has not been separately announced. There can be no assurance that the Transaction will be completed on the terms described, or at all, or that anticipated market developments will occur. The forward-looking statements in this news release are made as of the date hereof, and the Company undertakes no obligation to update them except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Westbridge Renewable Energy S.A.

The article explains how housing demand, infrastructure expansion, commercial development, and property taxes continue shaping North Texas communities.

CARROLLTON, Texas, Aug. 28, 2026 /PRNewswire/ — How does continued growth across North Texas affect the way homebuyers evaluate neighborhoods and long-term housing decisions? A HelloNation article featuring insights from Real Estate Expert Scott Greenberg of RE/MAX DFW Associates in Carrollton, Texas, explains how rapid regional development continues influencing buyers throughout the Dallas-Fort Worth area.

The article explains that North Texas continues attracting new residents as employment growth, commercial investment, and expanding suburban communities reshape the region. Buyers searching in areas such as Carrollton, Texas, are increasingly evaluating not only homes themselves, but also how surrounding neighborhoods may continue changing over time. According to the article, understanding broader development trends can help buyers make more informed long-term housing decisions.

One of the primary topics covered in the article is housing demand throughout North Texas. Population growth and expanding business activity continue to increase competition in many communities across the Dallas-Fort Worth metroplex. The article notes that buyers who understand local housing demand are often better prepared to evaluate pricing trends, inventory conditions, and market pace before making an offer. In some areas, limited inventory may cause well-priced homes to receive attention quickly.

The HelloNation article also examines infrastructure expansion and its impact on community development. Highway projects, road improvements, and transportation investments continue to reshape commute patterns and neighborhood accessibility throughout the region. According to the article, many buyers compare access to major highways, toll roads, and public transportation while narrowing down potential locations because transportation convenience can strongly affect both daily routines and long-term resale interest.

Commercial development is another major factor discussed in the article. Retail centers, restaurants, healthcare facilities, and entertainment districts continue expanding alongside residential growth throughout North Texas. The article explains that many buyers review nearby services carefully because access to everyday conveniences may improve long-term comfort after moving into a community. Commercial development may also increase future buyer interest in surrounding neighborhoods as communities continue growing.

Real Estate Expert Scott Greenberg also shares insights in the article regarding corporate investment across North Texas. Major employers continue opening offices, distribution centers, and business campuses throughout the Dallas-Fort Worth region, creating additional housing demand near employment corridors and transportation routes. According to the article, buyers evaluating communities such as Carrollton, Texas, often pay close attention to areas experiencing ongoing business expansion because those locations may continue attracting future residential growth.

School districts remain another important consideration highlighted in the article. Rapid population growth throughout suburban communities can influence school enrollment, district planning, and future campus construction. Buyers frequently compare school boundaries and district plans while evaluating neighborhoods because these factors may affect both daily convenience and long-term resale activity. The article notes that even buyers without school-age children often consider school district performance during the purchasing process.

Property taxes also receive careful attention throughout the article. Although Texas does not collect a state income tax, property taxes may vary considerably depending on city, county, and school district boundaries. The article explains that buyers who focus only on listing prices may underestimate total ownership costs once taxes, insurance expenses, and homeowners association fees are included. Reviewing complete monthly costs can help buyers better understand long-term affordability before purchasing a property.

The article further explains that neighborhood character may continue changing as development expands across North Texas. Some buyers prefer established communities with mature trees and slower growth patterns, while others prioritize newer suburban communities offering updated amenities and recently constructed homes. Visiting neighborhoods during different times of day may help buyers better understand traffic patterns, business activity, and overall community atmosphere before making a final decision.

The article concludes that growth throughout North Texas continues influencing how buyers compare neighborhoods across the Dallas-Fort Worth area. Buyers who understand housing demand, infrastructure expansion, commercial development, corporate investment, and property taxes are often better positioned to evaluate both present conditions and future community changes before purchasing a home.

What Homebuyers Should Understand About Growth and Development Across North Texas features insights from Scott Greenberg, Real Estate Expert of Carrollton, Texas, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

www.hellonation.com

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SOURCE HelloNation