February 13th 2012

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Ballard unveils new technology, sees share price climb

Published on January 10, 2000; Published on February 14, 2011

Shares in Vancouver-based Ballard Power Systems were up 12 per cent at midday. The company unveiled its new advanced environmentally friendly fuel cell, the Mark 900, at the Detroit Auto Show this weekend.

The new cell offers the same power as previous models, but occupies half the space. This allows the engine of a "green" car powered by a Ballard cell to fit into the same space as other automobile engines.

Ballard is a leading developer of fuel cells that produce electricity from hydrogen, with water and heat as the only byproducts.

The company is in the process of constructing a bigger manufacturing plant near Burnaby B.C.

Another plant will be added by 2004. It should be capable of rolling out 250,000 to 300,000 fuel cells annually.

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