Ballard Power Systems

We use our fuel cell expertise to deliver valuable and innovative solutions to our customers globally, create rewarding opportunities for our team, provide extraordinary value to our shareholders and power the hydrogen society. Driving impact through strong environmental, social and governance practice. At Ballard, sustainability is an integral part of all that we do. Our vision of Here for Life™ connotes our purpose to decarbonize mobility, to mitigate the existential threat of climate change, and pass on to the next generation a more livable planet. Our ESG strategy is an important part of guiding that vision and bringing focus to the material sustainability considerations embedded into how we work—helping us attract world-class talent, drive our own carbon neutral ambition and accelerate bringing zero-carbon mobility and stationary solutions to the global energy transition. Since we released our first sustainability report in 2019, we’ve continued our dedication to these material areas and are pleased to see results for these efforts. Formation of a joint venture with Guangdong Nation-Synergy Hydrogen Power Technology Co. Ltd to produce fuel cell stacks in China Strategic partnership formed with Zhongshan Broad-Ocean Motor Co., Ltd. of China with an equity investment of $28.3M Deployment of 30 fuel cell buses in revenue service operating in ten European cities: Amsterdam, Barcelona, Hamburg, London, Luxembourg City, Madrid, Porto, Reykjavik, Stockholm, and Stuttgart. In addition, three fuel cell buses are deployed in Perth, Australia and three in Beijing, China Mr. Neese holds a Bachelor of Science degree from the United States Military Academy at West Point and a Master of Business Administration degree from the University of Florida. Ms. Kate Igbalode, Ballard’s SVP and CFO and was previously serving as the company’s Vice President Corporate Finance & Strategy. Prior to joining Ballard in 2021, she most recently acted as a Director of Finance with Suncor Energy, Canada’s largest integrated energy company, and held senior engineering roles with a leading Canadian energy company, the BC Energy Regulator, and consulting firms in the US and Canada. She holds an engineering degree from Colorado School of Mines and completed post-graduate economics curriculum from Queen’s University. She is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of Alberta. Oben Uluc was appointed Ballard’s Vice President, Sales & Marketing in September 2025. Mr. Uluc’s responsibilities include global business development, sales, marketing and strategic partnerships. Sarbjot (Jyoti) Sidhu was appointed Senior Vice President, Chief Experience Officer (CXO) at Ballard in October 2025. In this role, she leads global Customer Care and People and Culture, driving cross-functional alignment to enhance the end-to-end customer journey and champion a culture of responsiveness, transparency, and partnership. Jyoti joined Ballard in 2000 and has held a wide range of leadership roles over her tenure. Most recently, she served as Chief People Officer (2022–2025), and before that, as Senior Vice President of Operations (2018–2022), with global responsibility for EH&S, Quality, Supply Chain, Production, Maintenance, and Facilities. She also held earlier roles in Corporate Quality, Production Management, EH&S, and Production Planning. She has led several key initiatives, including Lean Six Sigma training, Ballard’s continuous improvement program, and a company-wide ERP implementation in Supply Chain and Manufacturing. She holds an MBA from Simon Fraser University and a Certificate in Operations Management from BCIT. Jyoti brings deep operational expertise and a strong understanding of Ballard’s culture to her new role as CXO. Her leadership continues to shape an exceptional experience for both customers and employees. Ralph Robinett was appointed SVP and Chief Operating Officer in April 2026. Mr. Robin