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   Technology StocksBallard Power -world leader zero-emission PEM fuel cells


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From: riposte6/27/2005 4:41:27 PM
   of 5754
 
Automakers Aim for Massive Fuel-Cell Car Price Cut by 2010

edmunds.com

Date Posted 06-24-2005

TOKYO — Honda Motor Co. is striving to cut the cost of hydrogen fuel-cell-powered cars to a hundredth of the present level to make them competitive with conventional cars, according to a report by Reuters news service.

A Honda spokesman said fuel-cell cars could have a market share of 5 percent by 2020.

Mass production of hydrogen vehicles came closer to reality on June 17 when the Japanese government approved certification of fuel-cell cars made by Honda and Toyota.

Honda, which started limited marketing of fuel-cell vehicles in 2002, is now leasing 19 such cars to government bodies and some firms in Japan and the United States. The automaker announced at the Detroit auto show in January that by year end it would expand fuel-cell car leases to individuals in the U.S. Toyota already leases 16 hydrogen vehicles in Japan and the United States.

A Toyota spokesman told Reuters on Friday the introduction of the environmentally friendly cars to the mass market is unlikely until 2010 at the earliest due to high costs and the need to improve fuel-cell storing technology to allow long travel.

The Financial Times reported earlier this month that Toyota aims to cut the cost of fuel-cell cars to $50,000 from more than $1 million by 2015. General Motors aims to have a production-ready hydrogen vehicle by 2010 with a fuel cell that costs $5,000, it said.

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To: riposte who wrote (5719)8/5/2005 3:46:19 PM
From: Davy Crockett
   of 5754
 
MARKET TALK: Benefits For Fuel Cell Cos In Energy Bill

14:25 EDT Friday, August 05, 2005


Edited by John Shipman Of DOW JONES NEWSWIRES

(call: 201 938 5171; e-mail:john.shipman@dowjones.com)

MARKET TALK can be found using N/DJMT

2:25 (Dow Jones) Smith Barney says the recently passed energy bill stands to benefit a handful of companies in the fuel
cell industry, thanks to tax credits and R&D funding included in the measure. The legislation "should be viewed as a critical
kick-start to the fuel cell and hydrogen industries as well as many other forms of alternative energy," the firm says. Biggest
beneficiaries include Plug Power (PLUG) and Hydrogenics (HYGS), SB says. Ballard Power (BLDP) and FuelCell Energy
(FCEL) should also benefit, the firm says. (JHS)

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To: Davy Crockett who wrote (5720)9/8/2005 1:59:22 PM
From: Davy Crockett
   of 5754
 
very nice "pop" in BLDP...

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To: Stephen O who wrote (5717)9/8/2005 2:48:14 PM
From: Davy Crockett
   of 5754
 
not anymore

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From: cmgibubba9/8/2005 4:43:11 PM
   of 5754
 
Ballard Announces Second Supply Agreement for Fuel Cell-Powered Lift Truck Marke


Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 8, 2005--
Ballard Power Systems Inc. (TSX:BLD)(NASDAQ:BLDP) -

Agreement signed with General Hydrogen for more than 100 fuel
cells for lift truck market

Ballard Power Systems today announced that it has signed a Supply
Agreement with General Hydrogen (Canada) Corporation ("General
Hydrogen") to deliver more than 100 Mark9 SSL(TM) fuel cells, ranging
in power output from 4.8 kilowatts to 21.1 kilowatts, for integration
into General Hydrogen's power units, currently available for early
commercial sales in the lift truck market.

Ballard expects to begin unit deliveries in the fourth quarter of
2005. The Supply Agreement runs through the fourth quarter of 2006.
Following anticipated commercial sales in 2006, Ballard and General
Hydrogen have the option to negotiate a follow-on supply agreement to
support higher volumes in 2007 and beyond.

"Our Mark9 SSL(TM) fuel cells are attracting a great deal of
interest from potential customers worldwide. The flexibility of our
Mk 902 fuel cell platform, which was developed for automotive
applications, provides systems integrators like General Hydrogen with
a high-value, cost-effective alternative to the conventional
technologies being used in fork lift applications today," said
Noordin Nanji, Ballard's Vice President, Marketing & Business
Development.

"We are now into commercial sales and this agreement with Ballard
provides a solid foundation going forward, as we have secured a
source of product that will allow us to be extremely competitive in
the Class 1 forklift truck market," said Frank Trotter, General
Hydrogen's President and CEO. "The lift truck market for battery
replacement technology is here and now and represents a major market
opportunity for General Hydrogen. The market is driven not only by
the economic need to be as efficient as possible, but also the
requirement to meet ever-increasing environmental standards in the
workplace for the health and safety of workers. This agreement allows
for future negotiations to further enhance our price competitiveness
once we get certain volume sales, which we are very optimistic
about."

Ballard's Mark9 SSL(TM) Fuel Cell for Non-Automotive Applications

Available now to customers with fuel cell integration
capabilities, the liquid-cooled, hydrogen-fueled Mark9 SSL(TM)
(scalable series, liquid cooled) fuel cell is designed to perform in
rugged conditions, can be configured for motive or stationary power
applications, and is scalable in power increments from 4 kilowatts to
21 kilowatts depending on customer requirements. Featuring fast,
dynamic response and robust and reliable operation, Ballard's Mark9
SSL(TM) fuel cell establishes a new standard of performance by
optimizing reliability, power density and compatibility with customer
system requirements.

About Ballard

Ballard Power Systems is recognized as the world leader in the
design, development and manufacture of zero-emission proton exchange
membrane fuel cells. Ballard's mission is to develop fuel cell power
as a practical alternative to internal combustion engines through
technology leadership. To learn more about what Ballard is doing with
Power to Change the World(R), visit www.ballard.com.

About General Hydrogen

General Hydrogen Corporation is a Delaware private corporation.
Its wholly owned operating subsidiary, General Hydrogen (Canada)
Corporation, is based in Richmond, British Columbia. Its customer
development facility is located in Gallatin, Tennessee. General
Hydrogen's engineering team has more than 300 person years of fuel
cell experience going back over 20 years to the development of the
first modern fuel cell by company founders Geoffrey Ballard and Paul
Howard.

General Hydrogen's battery replacement technology features more
than double the working time of conventional lead acid batteries, and
enables shorter overall change-out time and a very short payback
period.

This release contains forward-looking statements that are based
on the beliefs of Ballard's management and reflect Ballard's current
expectations as contemplated under section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities and Exchange
Act of 1934, as amended. When used in this release, the words
"estimate", "project", "believe", "anticipate", "intend", "expect",
"plan", "predict", "may", "should", "will", the negative of these
words or such other variations thereon or comparable terminology are
intended to identify forward-looking statements. Such statements
reflect the current views of Ballard with respect to future events
based on currently available information and are subject to risks and
uncertainties that could cause actual results to differ materially
from those contemplated in those forward-looking statements.

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To: cmgibubba who wrote (5723)10/5/2005 1:03:52 PM
From: Jim Oravetz
   of 5754
 
CANADA VENTURE: Public Fuel-Cell Sector Shrinks In 2004
By LYNNE OLVER
October 5, 2005 12:00 p.m.

VANCOUVER -- Public companies in the fuel-cell sector are suffering for their lack of commercial revenue, and investors are looking elsewhere for energy-technology profits.

Last year, 20 publicly traded fuel-cell developers saw their total revenue fall 4% to $234 million, consulting firm PricewaterhouseCoopers said Tuesday in a report.

The companies' combined net loss widened by 20%, to $465 million, and cash flow remained negative. The number of employees fell 2%, most companies cut back on research and development spending, and their collective market capitalization shrank in a year when broader stock market indexes rose.

"When we look at financial performance alone, we see a pretty bleak picture," PricewaterhouseCoopers stated.

However, the firm notes that public companies comprise less than one-third of the fuel-cell industry, which includes private firms and subsidiaries of big industrial companies. The industry is developing PEM and solid-oxide fuel cells to generate power for portable, stationary, and vehicle applications, as well as the hydrogen and other infrastructure needed to support the technology.

Sales of fuel-cell components or systems are mainly being made to government agencies, utility companies and large auto manufacturers for pre-commercial technology development and demonstration, PwC notes.

Stock Performance Mixed in 2005
But with conventional energy getting more expensive, and air quality and climate change becoming important issues, "the need for continued development of fuel cells and the creation of a hydrogen economy has never been greater," PwC adds.

Many equity investors seem tired of this theory; three of the five biggest fuel-cell developers named in the report have seen their share prices decline in 2005.

The big kahuna - Ballard Power Systems Ltd. (BLDP) - is off about 18% in Toronto year-to-date; Hydrogenics Corp. (HYGS) is down 20%; and Quantum Fuel Systems Worldwide Inc. (QTWW) has dropped 33% on Nasdaq. On the plus side, FuelCell Energy Inc. (FCEL) is up 7% this year while Plug Power Inc. (PLUG) is up about 16%.

Vancouver-based Ballard Power dominates the tables in the PwC report. The company just announced it will cut its North American workforce by another 100 positions, bringing its global workforce to about 650. That's down from Ballard's 2004 headcount of 976, According to the PwC report.

One bearish analyst, Jonathan Hykawy of Fraser Mackenzie in Toronto, said in a recent research note that, while normally he would applaud measures to preserve cash, expense cutting can also be dangerous in new-product development. He said he's perplexed about how Ballard can cut staff yet remain committed to meeting its goals and maximizing target markets.

Hykawy thinks the company will run out of capital before it has regularly profitable operations. "The point of a business is to make money, not simply to survive, and Ballard management hasn't convinced us that it has a viable plan for making money," Hykawy said in the Sept. 29 note.

He doesn't own Ballard shares and his firm doesn't have an investment-banking relationship with Ballard.

Smaller fuel-cell developers have also been hammered this year. Shares of Fuel Cell Technologies Corp. (FCT.V) of Kingston, Ont. have tumbled 52% on the TSX Venture Exchange year-to-date. The small company had to withdraw a planned equity financing last spring.

"The whole fuel-cell space is just not getting people's attention," said MacMurray Whale, an energy-technology analyst with Sprott Securities in Toronto.

There's more interest in private firms, such as Vancouver's Cellex Power Products Inc. and General Hydrogen, which are developing power units for industrial applications, and in solar-energy companies, Whale said.

In the public equity markets, "solar is where all the action is right now," particularly in Europe, Whale said.

For example, Q-Cells AG (QCE.ZZ) started trading earlier Wednesday on the Deutsche Boerse. Its first trading range was EUR48 to EUR52, well above its IPO price of EUR38 a share.

German solar energy-systems company Sunline AG plans to go public on Oct. 20, and will be the fourth solar-energy firm to do an IPO this year, after Conergy AG (CGY.XE) last March and Ersol Solar Energy AG (ES6.XE) last week.

-Lynne Olver, Dow Jones Newswires; 604-669-1595

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From: riposte1/10/2006 9:18:51 AM
   of 5754
 
PSA Peugeot Citroen unveils small fuel cell


PSA Peugeot Citroen unveils small fuel cell


Mon Jan 9, 2006 4:13 PM GMT

CARRIERES-SOUS-POISSY, France (Reuters) - French carmaker PSA Peugeot Citroen on Monday unveiled the smallest fuel cell currently available for cars and pledged further research to halve the price of these environmental friendly power sources by 2010.

PSA Chairman Jean-Marie Folz told a news conference that the best way to save on fuel consumption of cars in the short term was by boosting the use of diesel and by adding bio-fuel to diesel.

For the medium term, hybrid diesel engines would offer further reduction in consumption and greenhouse gas emissions, while fuel cells, which release energy from the reaction of hydrogen and oxygen with a catalyst, were for a later stage, he said.

"This technology is still at its early stages but offers a real answer for the future," he said, as PSA unveiled the Genepac fuel cell -- an 80 KW power unit the size of a big suitcase that can be used in light municipal vehicles.

It can run for 500 km (310 miles), which is more than previous fuel cell projects, but still insufficient for general use.

PSA officials said that the cost and size of the fuel cells remained a problem that needed to be solved. Part of the fuel cell is made from platinum, which is an expensive precious metal.

Its size should also be reduced. At 57 liters, Genepac is much smaller than previous versions but would still not fit in a small passenger car.

Another problem remains starting with cold temperatures.

Folz remained scathing about petrol hybrid engines, such as developed by Japanese rival Toyota Motor Corp, saying these "serve no interest whatsoever in industrialized countries" because they still consume more than diesel engines.

According to the Washington-based Society of Automotive Engineers, a fuel cell can be two or three times more efficient than an internal combustion engine and it has no moving parts.

A fuel cell converts hydrogen and oxygen directly into energy with heat and water as by-products, making it almost pollution free. Hydrogen is most commonly used and research is taking place into fuel cells based on methanol and oxygen.

The European Commission is backing fuel cell research to cut oil dependence and reduce greenhouse gas emission.

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To: Davy Crockett who wrote (5685)5/6/2006 12:19:00 AM
From: Jim
   of 5754
 
t has been a long time since I have posted on this board, but as BLDP has began to show some signs of a new life, it seems to be the time to get back to a board that is trustworthy. Does any one have a feeling for use of ethanol as well as methanol with on board transformer? The first fuel cell vehicles used on board systems, which did no seem to be a huge problem then. There must be a way to fuel from the pump without huge costs.

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To: Jim who wrote (5726)5/6/2006 5:06:09 PM
From: Jim
   of 5754
 
I see some of the same names here were posting in the early eighties when I purchased the stock prior to the three-to-one split. I saw it go to 142 and didn't sell, then down to 3.5 and held. Have is a small profit on today's market and still holding. Contrary to most opinions, I am not in love with the stock, only in love with the concept. There has been very little progress over the years in reaching the mass market, but it only takes one breakthrough to reach that goal. The question is will it be infrastructure or practical cars? There should be some shattering news in the near future that will cause the stock to skyrocket, again!! Hope is enduring.

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To: Jim who wrote (5727)5/8/2006 11:09:21 AM
From: Fishfinder
   of 5754
 
HELLO JIM

I'm back on board from the 90's for similar reasons as you are.
Bought at $12 and got close to a 10X out of it.
I think buses , cabs, home heating, fork lifts will be the beginning
Almost anything thing where the equipment has a designated daily home base is a good candidate for the beginning of the hydrogen economy.
IMOP it will move out toward personal vehicles from there.

Take Mr. Ballards fork lift power co. for example.
That is a pretttyy coooool deal.
You can google it up.
Scott

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