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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From: kidl	7/21/2020 7:51:44 AM
	of 5827

DoE unveils funding plans for hydrogen research projects Jul. 20, 2020 6:39 PM ET\|About: Caterpillar Inc. (CAT)\|By: Carl Surran, SA News Editor Caterpillar (NYSE: CAT), Cummins (NYSE: CMI), Nikola (NASDAQ: NKLA), Plug Power (NASDAQ: PLUG) and 3M (NYSE: MMM) are among the companies who will receive ~$64M in U.S. government funding for hydrogen research projects, the Department of Energy announces. The funds will be distributed for 18 different projects that support the DoE's H2@Scale initiative, which targets R&D for affordable hydrogen production, storage, distribution and use. Awards include $6M to Caterpillar for a system demonstration for supplying clean, reliable and affordable electric power to data centers using hydrogen fuel; and $4.8M to 3M to develop advanced manufacturing processes for gigawatt-scale proton exchange membrane electrolyzers. Plug Power recently closed a $123M purchase of two hydrogen companies that could turn the maker of fuel cells into a major supplier of the fuel that runs them.

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