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 t

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK firms line up nationwide hydrogen refuelling network
6 May 2021
Nationwide roll-out targets deployment of 800 hydrogen refuelling pumps by 2027
Bayotech and Carbon Clean to develop modular blue hydrogen
6 May 2021
Technology avoids the challenges of hydrogen storage and transport, which is difficult and expensive
EU must offer more support for green hydrogen – industry
6 May 2021
Without necessary measures, technical expertise and manufacturing could be lost to competing regions, firms say
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video