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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.680-1.1%3:59 PM EST
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To: Sid Turtlman who wrote (2871)7/9/1998 2:46:00 PM
From: Scott Troy Munroe  Read Replies (2) of 5827
 
The automotive industry's perspective on Fuel Cells:

"Fuel-cell cars will arrive by the year 2004. The big 3 are investing millions of dollars in this technology. Ford is investing around $420 million in a joint venture with Mercedes-Benz Ballard Power Systems Inc. General motors' fuel-cell-powered vehicle will get 80 miles per gallon with a 300-mile driving range. Chrysler has teamed up with GM's Delphi unit and is forecasting production of 200,000 fuel-cell-powered vehicles by the year 2010.

...Automakers predict that the only way these cars will sell is if they run on gasoline or other liquid fuels. Mercedes-Benz predicts it will sell 40,000 units annually by 2006 and Toyota has outfitted the RAV4 sport utility vehicle with a fuel cell and will have a fuel-cell-powered car on the market first.

Fuel-cell power is a vast improvement over electric power in vehicles in terms of range. The technology comes at a great cost, however. Ten years ago, a medium-priced car equipped with a fuel cell would have cost $20 million. Today, the cost is down to $200,000."

- Raymond Champagne, "Automotive Engineering International", p45, June 1998.
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