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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,082,350
Close 2021-04-08 C$ 30.23
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Globe/wire say Ballard told Beijing has hydrogen plans

2021-04-09 07:34 ET - In the News

The Globe and Mail reports in is Friday edition that the Beijing aims to have more than 10,000 fuel cell vehicles on its streets and build 74 hydrogen filling stations by 2025, as the Chinese capital maps out an ambitious plan to develop the low-carbon fuel. A Reuters dispatch to The Globe says that China is the world's largest greenhouse gas emitter but is aiming for carbon neutrality by 2060. It is expanding its renewable energy resources such as solar and wind power, and has in the past few years begun early planning for venturing into hydrogen. Many provinces and cities are scrambling to map out hydrogen plans and are calling for state subsidies to help spur the sector. The capital forecasts its hydrogen use for road transport and power generation to reach 50 tonnes a day by 2023 and 135 tonnes by 2025, Beijing Daily reported, citing a local government draft plan. Part of the new hydrogen vehicle fleet would be those deployed for the 2022 Winter Olympics set to take place in and near Beijing, before being expanded to ply highways in the Beijing-Tianjin-Hebei region to replace heavy-duty trucks powered by diesel fuel. At the end of 2020, China had fewer than 10,000 trucks and buses powered by hydrogen.

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