Thursday, June 24, 1999
Money News
Ballard wins
$2.1-million Honda
order for fuel cells
VANCOUVER (CP) -- Honda is
joining other major carmakers in
buying Ballard Power Systems'
zero-emission hydrogen fuel cells.
Ballard announced today it has won a
$2.1-million contract from a subsidiary
of Honda Motor Co. to supply the fuel
cells, related equipment and support
services.
Honda R&D Co. of Saitama, Japan,
will use the fuel cells in their research
and development program for electric
vehicles.
Ballard's commercial partners include
DaimlerChrysler, Ford, GPU
International, Alstom and Ebara.
Additional customers include General
Motors, Nissan, Volkswagen, Volvo,
Matsushita Electric Works and
Cinergy.
The Ballard fuel cell combines
hydrogen -- obtained from methanol,
natural gas or petroleum -- and oxygen
from the air to generate electricity
without combustion.
"Honda is a leader in the
development of environmentally
friendly vehicles and has an aggressive
fuel cell vehicle development
program," Firoz Rasul, president and
chief executive of Ballard, said in a
release. "We are pleased to be
supplying additional Ballard fuel cells
to assist them in the next stage of their
development program."
Ballard Power Systems is the world
leader in developing and selling proton
exchange membrane fuel cells for use
in transportation, electricity generation
and portable products.
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