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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 244,486,462
Close 2020-10-07 C$ 24.32
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Globe says Ballard hears Musk dismiss hydrogen cars

2020-10-08 07:29 ET - In the News

The Globe and Mail reports in its Thursday edition that there are plenty of famous tech rivalries, among the biggest, Mac versus PC, Android versus iPhone and Betamax versus VHS. In a Globe special, Jason Tchir writes that while some ended with winners, others ended in stalemates. For green-car experts, the most electrifying battle is still under way: batteries versus hydrogen. On Twitter, Elon Musk has called hydrogen fuel cells "fool sells." However, Jorgo Chatzimarkakis, who runs Hydrogen Europe, does not think it should be a battle at all. "We need to overcome the confrontation [between hydrogen and battery electric]. There is room for both technologies to flourish," he said last week in a debate at a virtual energy conference. "There's not room for ideology if we really want to reach climate neutrality." Battery electric vehicles (BEV) and hydrogen fuel-cell vehicles (FCV) are both electric vehicles. BEVs get their electricity from batteries that have to be plugged in and recharged. A BEV has no tailpipe emissions at all, while a FCV spits out only water. For now, BEVs are ahead in infrastructure. There are only four public hydrogen stations in Canada -- three in British Columbia and one in Quebec.

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