- Ballard Power Systems
company_name = Ballard Power Systems
company_type = Public
company_slogan = Power to Change the World
location = Burnaby, BC
key_people = Ian A. Bourne, (Chairman), John Sheridan (President and CEO)
revenue = increase$66 million USD (2007)
net_income = increase$-57 million USD (loss) (2007)
num_employees = 699 (2008)cite web |url=http://zenobank.com/index.php?symbol=BLDP&page=quotesearch|title=Company Profile for Ballard Power Systems Inc (BLDP) |accessdate=2008-10-07]
homepage = [http://www.ballard.com/ www.ballard.com]
Ballard Power Systems (tsx|BLD, nasdaq|BLDP), located in
Burnaby, British Columbia-- a suburb of Vancouver-- is a company that designs, develops, and manufactures zero emissionproton-exchange-membrane fuel cells.
Ballard Power Systems was originally founded as Ballard Research by Dr.
Geoffrey Ballard. The company went public in 1993 on the Toronto Exchange, and in 1995, listed on NASDAQ. [cite web|url=http://www.ballard.com/be_informed/frequently_asked_questions/6_0509021635-888|title=When was Ballard's IPO?|accessdate=2006-07-16]
Some of the work performed by Ballard has included commercialization of:
* fuel cell engines for the transportation market
electric drives for both fuel cell and battery-powered electric vehicles.
* power conversion products for fuel cell generators
* microturbines and other distributed generation technologies
* fuel cell systems for markets such as portable power products and larger stationary generation products.
Ballard Power Systems's main objective is to develop fuel-cell technology. Previously, Ballard had its focus within the automobile market, and fleet services, as well as co-generation systems and the manfactur of materials for the fuel-cell sector. However, in late 2007, Ballard pulled out of the Hydrogen vehicle sector of its business to focus on fuel cells for forklifts and stationary electrical generation. Research Capital analyst Jon Hykawy concluded that Ballard saw the industry going nowhere and said: "In my view, the hydrogen car was never alive. The problem was never could you build a fuel cell that would consume hydrogen, produce electricity, and fit in a car. The problem was always, can you make hydrogen fuel at a price point that makes any sense to anybody. And the answer to that to date has been no." [ [http://www.financialpost.com/story.html?id=356bed57-656b-4ffd-b3b0-f7f5a96ace29&k=80493 Article on Ballard's exit from the hydrogen vehicle industry] ]
Although Ballard Power Systems is one of the larger companies developing fuel cell technology, its chief competitors include:
* UTC Power Corporation, a unit of
Fuel Cell Technologies
* XCELLSIS Fuel Cell Engines
Fuel Cell Bus Club
* [http://www.ballard.com/ Official site]
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