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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (1794)6/14/2001 9:21:29 AM
From: D.B. Cooper  Read Replies (1) of 13815
 
GM in deal to develop fuel cell infrastructure

June 13, 2001 03:42 PM ET




DETROIT, June 13 (Reuters) - General Motors Corp. (GM) said on Wednesday it signed a 25-year agreement to help speed the development of a refueling infrastructure to support fuel cell vehicles, which are expected to arrive on the market in the next decade.

Terms of GM's deal with privately held General Hydrogen Corp. were not disclosed. General Hydrogen was founded by Geoffrey Ballard, who also created Ballard Power Systems (BLD.TO), which has partnered with Ford Motor Co. (F) and DaimlerChrysler AG (DCX)(DCXGn.DE) to develop fuel cells.

GM's deal with Ballard's new company will focus on several areas including hydrogen storage, refueling, advanced materials and electric power production.

"General Hydrogen and General Motors will work together to bring about a global hydrogen infrastructure capable of supporting large numbers of zero-emission hydrogen fuel cell vehicles," Ballard said in a statement.

Fuel cells offer promise in taking vehicles out of the environmental debate because they create electricity with the only byproducts being water and heat. However, the first fuel cell-powered vehicles to arrive on the market will likely convert hydrogen from petroleum products such as gasoline or methanol. Those fuel cell vehicles therefore will still emit pollutants and greenhouse gases, though fewer than today's gas-powered internal combustion engines. REUTERS
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