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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,082,350
Close 2021-03-12 C$ 32.87
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Globe says Ballard sees Germany excited about hydrogen

2021-03-15 09:21 ET - In the News

The Globe and Mail reports in its Monday edition that Canada has a chance to get a leg up in the increasingly heated global race to produce and sell hydrogen, courtesy of interest from one of the world's largest emerging markets for the alternative fuel source. The Globe's Adam Radwanski and Emma Graney write that on Tuesday, the feds will sign a new agreement with Germany to work together on the clean-energy transition, including developing policies and regulations, and integrating large shares of renewables into electricity systems. Hydrogen is expected to play a central role, with Germany's ambassador to Ottawa, Sabine Sparwasser, touting her government's plan to make hydrogen a centrepiece of its decarbonization strategy. "Germany is probably the world's most interesting market for hydrogen right now, and Canada is potentially a very big power in its production," Ms. Sparwasser told The Globe. Germany may also call into question the nature of Canada's strategy to develop its hydrogen industry -- preferring "blue" hydrogen, which means producing the element from natural gas or other fossil fuels. Germany, however, is more interested in importing "green" hydrogen, which is derived from non-fossil-fuel sources.

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