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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells -- Ignore unavailable to you. Want to Upgrade?

To: Stephen O who wrote (5456)	7/30/2001 9:38:45 AM
From: Scoobah	Read Replies (2) \| Respond to of 5827

AMEX: DCH Chairman joins Ballard CEO on Tech TV May 21: TechTV News' Jean Lee reveals how fuel cells may be used as an alternative source of energy. Read the transcript and watch the video. May 21, 2001 techtv.com Alternative energy in Central Park Disclaimer: This is a transcript, and may differ from televised content. STACEY TISDALE (TechTV News Anchor): The power crisis may not be limited to the western states. In New York City, Jean Lee finds some support for an alternative energy in Central Park. JEAN LEE (TechTV News Reporter): So, what do fuel cells have to do with Central Park, you ask? This New York Police Bureau is using fuel cell technology as its full-time source of power. MICHAEL SALZMAN (New York Power Authority Spokesperson): The police precinct was at the point where its electrical needs had exceeded its ability to receive electricity from an underground power line, and to upgrade this power line would have cost over a million dollars. It was determined that this would be a good time to be installing this fuel cell LEE: Hydrogen is introduced to one side of the fuel cell. The hydrogen atom is stripped of its electron as it goes through a conductor to create an electrical current. At the other end, the hydrogen joins up with oxygen and forms water. So if its so easy, efficient and environmentally safe, why haven't consumers embraced this energy source? Well, there are a few hurdles to conquer. ADVERTISEMENT DAVID HABERMAN (DCH Technology, Co-Founder): Hydrogen is not a technology that is well-accepted or well-known by the public. Hydrogen is something that requires a bit more knowledge of the public: has to have a greater distribution network with greater regulatory support. LEE: And then there's the cost coupled to consider, plus customer satisfaction. FIROZ RASUL (Ballard Power, CEO): Until recently in California and elsewhere, you took power for granted. You didn't expect power to go down, and so people are accustomed to very reliable, high performance power if you like and in order for us to confirm the devices we have to make, meet our satisfy those requirements, we have to undergo some pretty extensive testing. LEE: Despite the obstacles, fuel cell technology is being used here at central park and not just to power the computers at the precinct, but also to charge these electric cars. And the trend is picking up nationwide. HABERMAN: Smaller used of hydrogen today to replace expensive batteries is already occurring. And I think it's a very good sign when you see many oil companies and many car companies joining the California fuel cell partnership for demonstrating hydrogen buses in west Sacramento and in other places. LEE: While it will be some time before our homes and cell phones are powered by fuel cells, demand for this technology is growing. Case and point: DCH saw its revenue jump 77percent in fiscal 2000 and fuel cell energies first quarter revenue in 2001 rose 59 percent. Jean Lee, TechTV, New York.