12:31:44 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,687,956
Close 2022-01-20 C$ 13.14
Market Cap C$ 3,911,619,742
Recent Sedar Documents

FP/FT say Ballard told green hydrogen gains credibility

2022-01-21 09:28 ET - In the News

The Financial Post reports in its Friday edition that Europe's natural gas crisis could speed the transition to clean energy and the adoption of green hydrogen as an alternative to oil and gas, according to the International Renewable Energy Agency (Irena). A Financial Times of London item inside the Post quotes Irena's Francesco La Camera saying: "Price volatility has been a feature of the oil and gas system. Moving to the new energy system, where hydrogen plays a significant role, brings us less volatility." The development of green hydrogen, made from water and using renewable electricity, has become a priority for many countries as they prepare to cut emissions to net zero by 2050. An Irena report published last week forecast that the geopolitics of oil and gas, in which producer countries have the power to influence prices, would wane as new fuels including hydrogen become more dominant. It concluded a "new cartography of energy geopolitics" and a revamped "hydrogen diplomacy" would emerge as production ramped up around the world. Mr. La Camera said the green hydrogen market was already growing "a bit faster than we had foreseen a couple of months ago," pointing to recent deals in Germany, Uruguay and Brazil.

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