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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 279,697,591
Close 2020-12-17 C$ 26.02
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Post says Ballard takes a lap as feds endorse hydrogen

2020-12-17 06:52 ET - In the News

The Financial Post reports in its Thursday edition that the federal government on Wednesday unveiled its Hydrogen Strategy for Canada, a 104-page document that lays out the opportunities and benefits of building a hydrogen energy industry. The Post's Gabriel Friedman writes that hydrogen, the first element on the periodic table and the most abundant on Earth, is a versatile energy carrier that emits zero carbon at the point of use. As a result, it is increasingly drawing interest as an alternative to natural gas, and for applications where electricity is not practical. The strategy document is mostly aspirational, with the government hoping to cut carbon emissions while also bolstering the economy. Canada is already one of the world's top-10 producers of hydrogen. Hydrogen is used as a feedstock by oil refineries, in fertilizer and other industrial applications. British Columbia-based Ballard Power Systems designs and builds hydrogen fuel cells for buses, trucks, forklifts and trains. Ballard chief executive officer Randy Macewen, who was present at the government's press conference, has said his firm is riding a wave of investment in clean vehicles, including in China where it has formed partnerships.

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