Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

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To: Elwood who wrote (1025)	10/10/1997 7:12:00 PM
From: Urlman	of 5827

The July Wired article entitled "The Long Boom: A History of the Future, 1980 - 2020" is what sparked the market interest in Ballard. Wall Steet embraced this wired peice .... The October issue is what set this puppy ABLAZE >>>By the late 1990s, research labs such as British Columbia-based Ballard Power Systems are steadily developing the technology with little public fanfare. Within 10 years, there are transitional hydrogen car models that extract fuel from ordinary gasoline, using the existing network of pumps. By 2010, hydrogen is being processed in refinery-like plants and loaded onto cars that can go thousands of miles - and many months - before refueling. The technology is vastly cheaper and safer than in the 1960s and well on its way to widespread use. These technological developments drive nothing less than a wholesale transformation of the automobile industry through the first quarter of the new century. Initially prodded by government decrees such as California's zero-emission mandate - which called for 10 percent of new cars sold to have zero emissions by 2003 - the industrial behemoths begin to pick up speed when an actual market for hybrid cars opens up. People buy them not because they are the environmentally correct option but because they're sporty, fast, and fun. And the atrto companies build them because executives see green - as in money, not trees. This 10- to 15-year industrial retooling sends reverberations throughout the global economy. The petrochemical giants begin switching from maintaining vast networks that bring oil from remote Middle Eastern deserts to iimilarly vast networks that supply the new elements of electrical power. Fossil fuels will continue to be a primary source of power into the middle of the 21st century - but they will be clean fossil fuels. By 2020, almost all new cars are hybrid vehicles, mostly using hydrogen power. That development alone defuses much of the pressure on the global environment. The world may be able to support quite a few additional automobile drivers - including nearly 2 billion Chinese. <<< SOURCE: wwww.wired.com

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