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Technology Stocks : Fuel Cells

FCEL 8.770

-0.2%

9:30 AM EST

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To: B.K.Myers who wrote (184)	10/13/2000 7:57:45 AM
From: Al Collard	of 196

The Globe and Mail reports in its Friday, Oct. 13, edition that governments in Canada and the United Sates Thursday moved to bolster their fuel cell technology industries by announcing financing programs for early-stage projects. The Globe's Peter Kennedy writes that the federal and B.C. governments plan to boost Canada's fuel cell industry through a $13-million program that will be used to support companies developing the environmentally friendly technology. Also Thursday, the United States Department of Energy pledged $100-million (U.S.) for fuel cell related programs next year. Ballard Power Systems says, "This new funding helps us to build a market and develop a supply base." Ottawa and the B.C. government are contributing equally to the package, which will be offered through the Western Economic Partnership Agreement. It includes $980,000 that will be used to create Fuel Cell Canada, a non-profit organization that will identify demonstration projects that qualify for government financing and provide development and support.

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