LONDON Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who ll have to ship it across the globe at hyper-cold temperatures close to those in outer space. Yet that is exactly what designers are attempting to do. In the biggest technological challenge for merchant shipping in decades, companies are beginning to develop a new generation of vessels that can deliver hydrogen to heavy industry, betting plants worldwide will convert to the fuel and propel the transition to a lower-carbon economy. There are at least three projects developing pilot ships that will be ready to test transporting the fuel in Europe and Asia within the next three years, the companies involved told Reuters.
Strong market interest reflected in high level of commercial activity
Burnaby, BC, May 11, 2021 (T-Net)
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2021. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS). Supported by a strengthening policy backdrop and increased customer engagement, we have clearer line of sight on long-term growth in our core medium- and heavy-duty motive applications of bus, truck, rail and marine,
said Randy MacEwen, President and CEO. As a result, 2021 will be marked by increased and accelerated investment ahead of market tipping points. Bolstered by a fortified balance sheet, we will deepen our investments in talent, technology, products, advanced manufacturing, localization and customer experience.
Article content
LONDON Hydrogen is touted as an inevitable green fuel of the future. Tell that to the people who’ll have to ship it across the globe at hyper-cold temperatures close to those in outer space.
Yet that is exactly what designers are attempting to do.
We apologize, but this video has failed to load.
Try refreshing your browser, or Too cold to handle? Race is on to pioneer shipping of hydrogen Back to video
In the biggest technological challenge for merchant shipping in decades, companies are beginning to develop a new generation of vessels that can deliver hydrogen to heavy industry, betting plants worldwide will convert to the fuel and propel the transition to a lower-carbon economy.
Operator
Welcome to the Ballard Power Systems Quarter 1 2021 results conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. [Operator instructions] I would now like to turn the conference over to Guy McAree, director of investor relations. Please go ahead.
Guy McAree
Director of Investor Relations
Thanks very much, and good morning, everyone. Welcome to Ballard s first-quarter 2021 financial and operating results conference call. With us today are Randy MacEwen, Ballard s president and CEO; and Paul Dobson, our chief financial officer. We ll be making forward-looking statements that are based on management s current expectations, beliefs and assumptions concerning future events.
/PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2021. All.