After the second-quarter figures from Ballard Power Systems came in at the end of June, there were several good news that underline which huge potential the Canadian fuel cell manufacturer can tap in China and Japan. The share price jumped more than 60 percent. The most recent business Ballard won over as a partner was Chinese Broad-Ocean. The corporation boasts an annual production of more than 50 million motors worldwide and supplies several top-notch carmakers
One should never be too enthusiastic, but if the Chinese government really takes up the battle against the country’s dramatic pollution levels, fuel cells and hydrogen will become top priorities – domestically and globally. People will take note of the comments that Wan Gang, China’s minister of science and technology, made during this year’s industry conference H2Mobility in Berlin in early April. Gang – an engineer, who had a ten-year stint at Audi – considers the fuel cell‘s versatility and “green hydrogen” to be two key solutions for improving China’s environmental situation
Ballard Power is placing a bigger focus on China, evidenced by the various agreements with Chinese companies from the field of bus manufacturing and the development of hydrogen-driven rail vehicles. According to company information, the Canadian fuel-cell manufacturer paid special attention to only collaborate with known, reputable partners, whether big or small, which enjoy their own location advantages.
Second quarter figures certainly fell short of expectations. All segments reported decreasing revenues. Still: The second half of 2015 should bring forth many positive developments in several areas, according to Ballard’s CEO, Randall MacEwen. FuelCell Energy would be “extremely busy.” This means: I assume that the takeover of Protonex will soon become reality, as over 50% of preliminary votes by Protonex’s shareholders were in favor of the deal.