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: Tourist who wrote (4076)	4/20/1999 3:23:00 PM
From: Hawkeye	Read Replies (1) of 5827

Bloomberg Automobile News Tue, 20 Apr 1999, 3:20pm EDT Texaco Forms Unit to Research Fuel Cells for Electric Cars Texaco Forms Unit to Research Fuel Cells for Electric Cars White Plains, New York, April 20 (Bloomberg) -- Texaco Inc., the third-largest U.S. oil company, said it formed a new business, Texaco Energy Systems Inc., to conduct research on fuel cells for electric cars. Fuel cells convert hydrogen into electricity. Scientists hope cars powered by the cells eventually will perform as well as cars with internal combustion engines, while reducing pollution and noise. Texaco and other oil companies want to be at the forefront of fuel-cell technology. A phase-out of combustion engines would threaten profits at the companies' oil and refining businesses. White Plains, New York-based Texaco also said it will join the California Fuel Cell Partnership, a collaboration of energy companies, auto makers and California government officials. The partnership plans to complete about 40 cars and 25 buses powered by fuel cells by 2003.

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