ALTERNATIVE POWER REPORT
Ballard Power Systems, a large hydrogen fuel cell making company from Canada, has announced a massive overhaul that will slash its spending by 30%, including huge job cuts
According to Ballard CEO Randy MacEwen, there has been a notable slowing in both the development of clean hydrogen fuel production capacity, and the infrastructure used for the distribution of H2
Source: Hydrogen Fuel News Read The Article
PSR Analysis: Ballard has long been one of the leading Fuel Cell companies globally and the action of cutting costs by 30% and putting its entire China strategy at risk, will echo throughout the fuel cell industry. This is yet another body blow to this industry. PSR
Guy Youngs is Forecast & Adoption Lead at Power Systems Research
