Related Articles
Forward article link
Share PDF with colleagues

Ballard: Fresh capital is critical for green H2

Ballard Power Systems is looking to ramp up investments in key product areas, while acknowledging that cost reduction is going to be crucial to getting investors onboard for future development

The hydrogen market has beaten all industry forecasts for market adoption over the last 12 months—and this has changed the dynamic between producers and the markets as well as the conversations companies are having with investors, according to Ballard Power Systems CFO Tony Guglielmin. During an analyst call, Guglielmin said this trend is putting stress on providers to find more capital as they try to keep feeding growth and meet forecast demand. “Three or four years ago the conversations with investors would have been about getting to breakeven and growing from there,” says Guglielmin. “Now adding capital has become critical.” He estimates the industry needs to reduce costs by more than two



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Contracts for difference key to hydrogen economy
26 February 2021
If financial instruments are not established to support adoption, the hydrogen supply chain will stall
Corporate PPAs could boost hydrogen deployment
26 February 2021
Is it time to level-up corporate energy procurement for low-carbon hydrogen, following the successful use of PPAs for renewable electricity?
Airbus bets billions on hydrogen-powered planes
25 February 2021
European manufacturer has touted various potential short- and medium-range designs, but the simplest and smallest seem most viable amid technological and demand uncertainty
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video