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
EU lacks hydrogen supply chain
3 December 2021
Supply chain in Europe must be strengthened if sector is to fulfil potential, say panelists
Chinese hydrogen projects could limit tech exports
3 December 2021
Strong domestic demand for electrolysers could slow deployment elsewhere, says panel
Iberdrola and H2GS to develop €2.3bn green hydrogen-to-steel project
2 December 2021
The companies plan to develop a 1GW green hydrogen facility and produce 2mn t of direct-reduced iron by 2026
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video