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Ballard Power (BLDP) bets £275m on hydrogen-as-a-service as GeoPura deal closes

Ballard Power Systems has completed its £275 million acquisition of GeoPura, moving beyond fuel-cell manufacturing into hydrogen production, logistics and Energy-as-a-Service. The transaction significantly expands Ballard's revenue model but gives former GeoPura shareholders a 14.1% stake and adds a major integration challenge to its 2028 profitability plan.