Volkswagen, Ballard Power Sign Fuel Cell Deal, Worth Up To $100 Million

Canadian fuel cell firm Ballard Power inked a deal with Volkswagen that could be worth as much as $100-million and last up to 6 years. According to the CBC, Ballard will provide fuel cells for VW's HyMotion hydrogen lineup, which will consist of a demonstrator fleet for now. Long a darling of North America's clean energy sector, Ballard's automotive fuel cell business began to turn south over the last decade, and in 2008, Ballard sold its automotive fuel cell assets to Daimler and Ford. Ballard remained in the fuel cell business for forklifts, buses and stationary electrical generation, though it continued to keep a foothold in the automotive fuel cell business. But a number of advances in hydrogen fuel cells, from the technology itself to the abundance of natural gas used to make hydrogen to innovative fueling projects that use sewage, have spurred renewed interest in hydrogen as an automotive fuel. from The Truth About Cars http://www.thetruthaboutcars.com

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