Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. BAE Systems plc
  6. News
  7. Summary
    BA.   GB0002634946

BAE SYSTEMS PLC

(BA.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BAE Systems provides propulsion system for first U.S. marine vessel with zero-emission fuel cell technology

12/02/2021 | 10:10am EST

BAE Systems, a leader in electric propulsion, successfully installed its zero-emission propulsion system in the first U.S. hydrogen fuel cell powered marine vessel, the Sea Change.

BAE Systems provided its HybriGen Power and Propulsion solution to Zero Emission Industries for integration on the Sea Change vessel that will operate in the San Francisco Bay Area. The Sea Change project is funded and owned by SWITCH Maritime, an impact investment firm building the first fleet of zero-carbon, electric-drive maritime vessels for adoption by existing ship owners and operators.

BAE Systems' propulsion system interfaces with a hydrogen and fuel cell system provided by Zero Emission Industries and lithium-ion batteries to power the vessel without the need for a traditional combustion engine. The all-electric system eliminates diesel fuel use and reduces engine maintenance to create a clean mode of transportation.

'We are committed to getting our customers to zero emissions with highly reliable and flexible systems that are proven on land and in the water,' said Steve Trichka, vice president and general manager of Power & Propulsion Solutions at BAE Systems. 'This historic milestone is the next step on that journey, as we provide San Francisco with an innovative solution that reduces emissions and creates a new clean form of daily transportation for hundreds of commuters.'

BAE Systems worked with the vessel's builder, All American Marine, and designer, Incat Crowther, after previously teaming with both companies on multiple projects. BAE Systems uses proven controls and components that have passed certification and inspection by the U.S. Coast Guard.

The project is also partially funded by a $3 million grant from the California Air Resources Board (CARB), administered by the Bay Area Air Quality Management District (BAAQMD), that comes from the California Climate Investments initiative, a California statewide program that puts billions of cap-and-trade dollars to work reducing greenhouse gas emissions, strengthening the economy, and improving public health and the environment-particularly in disadvantaged communities.

BAE Systems has been at the forefront of commercializing hydrogen fuel cell technology since first integrating fuel-cell powered buses in 1998. HybriGen Power and Propulsion brings that unrivalled capability to the water, as the system fully integrates into new or existing architecture on marine vessels. The system builds on 25 years of innovation and proven technology that powers more than 14,000 power and propulsion systems in transit and marine markets around the globe.

Media contact

Nicole Gable

Nicole Gable Media Relations Electronic Systems

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about BAE SYSTEMS PLC
01/25Citigroup Raises BAE Systems PT, Keeps Buy Rating
MT
01/25BAE Systems Gets $169 Million US Marine Corps Order For Additional Combat Vehicles
MT
01/24BAE Systems Receives $169 Million Production Contract From U.S. Marine Corps for Additi..
CI
01/22BAE : Two years on from joining the Valuable 500 what progress have we made on disability ..
PU
01/21BAE Systems Orders $2 Million Communications Equipment From MilDef
MT
01/20Andrea Thompson appointed new chair of the Eurofighter Supervisory Board
AQ
01/20BAE : A day in the life of Nick James, space engineer
PU
01/19BAE Systems Secures $60 Million Contract to Boost Domestic Supply of Microelectronics T..
MT
01/19BAE Systems Receives $60 Million Contract to Expand Domestic Supply of Microelectronics..
CI
01/19BAE : Home working towards a sustainable future
PU
More news
Analyst Recommendations on BAE SYSTEMS PLC
More recommendations
Financials
Sales 2021 21 446 M 28 768 M 28 768 M
Net income 2021 1 468 M 1 969 M 1 969 M
Net Debt 2021 2 715 M 3 642 M 3 642 M
P/E ratio 2021 13,3x
Yield 2021 4,06%
Capitalization 18 995 M 25 444 M 25 480 M
EV / Sales 2021 1,01x
EV / Sales 2022 0,95x
Nbr of Employees 90 000
Free-Float 92,3%
Chart BAE SYSTEMS PLC
Duration : Period :
BAE Systems plc Technical Analysis Chart | BA. | GB0002634946 | MarketScreener
Technical analysis trends BAE SYSTEMS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 604,00 GBX
Average target price 632,83 GBX
Spread / Average Target 4,77%
EPS Revisions
Managers and Directors
Charles Nicolas Woodburn Group Chief Executive Officer & Director
Brad Greve Group Finance Director & Director
Roger M. Carr Chairman
Steve Nicholas Millward Chief Information Officer
Benjamin Hudson Chief Technology Officer
Sector and Competitors