The Regional Selective Assistance grant will allow the company to progress plans to create a new engineering and manufacturing facility at MSIP. The first phase will bring in around 20 employees to support the Scottish hydrogen train project and product development for hydrogen-powered vehicles, with the remainder being recruited over the next three years as Arcola expands production at the site. Arcola also has a rail engineering facility at the Bo’ness and Kinneil Railway and plans for a service centre in Glasgow.
In a statement, Arcola CEO Dr Ben Todd said: “We were attracted by MSIP’s ambition to become a leading hub supporting the decarbonisation of Scotland’s transport system and infrastructure, and in particular by the hydrogen production and fuelling facility that MSIP is building to support development and deployment of zero-emission vehicles. We are very pleased to be an early part of it.”
Hydrogen technology firm to bring 135 jobs to Dundee
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Hydrogen technology firm to bring 135 jobs to Dundee
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Ballard Power Systems (BLDP) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Ballard Power Systems (NASDAQ: BLDP)
Q4 2020 Earnings Call
Thank you for standing by. This is the conference operator. Welcome to the Ballard Power Systems Q4 and full-year 2020 results conference call. [Operator instructions] 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 fourth-quarter and full-year 2020 financial and operating results conference call. With us today on the call, we ve got Randy MacEwen, our president and CEO; and Tony Guglielmin, our chief financial officer. We ll be making forward-looking statements that are based on management s current expectations, beliefs a