14:20:51 EDT Thu 28 Oct 2021
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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 282,078,177
Close 2021-01-29 C$ 43.73
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FP/wire say Ballard awaits federal hydrogen strategy

2021-02-01 07:22 ET - In the News

The Financial Post reports in its Saturday edition that long-haul transport, core to shipping people and goods across Canada's vast geography, remains an obstacle to the country embracing clean energy. A Bloomberg dispatch to the Post says that between 1990 and 2018, Canada's transport emissions grew 55 per cent, much of that coming from trucks -- both freight and light passenger models. With the long-awaited launch on Dec. 16 of a national hydrogen strategy, the federal government signalled that hydrogen will be part of its long-haul solution. The strategy aims to position the country as a global leader in the production, export and use of clean hydrogen and associated technologies. To support those goals, the government has invested $1.9-billion in a fund to support low-carbon fuels, including hydrogen. Hydrogen vehicles fuel quickly, have longer mileage ranges than electric vehicles and emit only pure water. However, they require a network of refuelling stations. Also, they are far more scarce than EVs, offering few options to consumers. Sourcing the hydrogen further complicates the national plan. Most hydrogen is produced using fossil fuel, but plans are afoot to use electrolyzers powered by renewable energy.

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