08:54:20 EST Sat 27 Nov 2021
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Ballard Power Systems Inc
Symbol BLDP
Shares Issued 297,082,350
Close 2021-04-27 C$ 27.93
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Post says Ballard may find its future in large vehicles

2021-04-28 09:15 ET - In the News

The Financial Post reports in its Wednesday edition that founded in 1979, Ballard Power seems to have perpetually generated losses throughout much of its 40-plus year history. The Post's Gabriel Friedman writes that still, over the years, Ford and Daimler have both invested tens of millions of dollars into the Burnaby, B.C., company. Near the start of the millennium, its stock rose to $165 per share, only to crash below a dollar a little more than a decade later, around the time that companies developing lithium-ion electric battery technology, such as Tesla, would capture the market for zero-emission sedans and passenger vehicles. The company says lithium-ion battery technology is not yet viable for vehicles that need to carry heavy loads, operate under extreme temperatures and travel long distances without refuelling -- but that hydrogen fuel cell batteries are. "Nobody foresees being able to charge a battery for a double-trailer truck in less than two hours, even 10 or 15 years from now," said Ned Djilali, a mechanical engineering professor at the University of Victoria and a Ballard consultant. "There's too many inherent issues related to heat transfer. There's only so much heat you can push through a battery."

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