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

To: BARON BANKER who wrote (4007)	4/19/1999 12:42:00 AM
From: Hawkeye	Read Replies (1) \| Respond to of 5827

Sunday April 18, 10:25 pm Eastern Time Fuel Cell Vehicle Being Developed DETROIT (AP) -- DaimlerChrysler AG [NYSE:DAJ - news] and Ford Motor Co. are partnering with oil companies, a fuel cell company and the state of California to develop a demonstration fleet of environmentally friendly vehicles. By 2001, the partnership will provide 10 fuel cell passenger cars and several buses, The Toronto Globe and Mail reported. All will be powered by fuel cells made by British Columbia-based Ballard Power Systems Inc. Ballard, the automakers, California and at least two oil industry giants plan a Tuesday news conference on the steps of the Capitol building in Sacramento, Calif., to announce the deal. The long-range electric vehicles will rely on low-grade gasoline instead of batteries. Fuel cells will produce electricity using a chemical reaction between hydrogen and oxygen and produce little or no emissions. Fuel cell technology was developed for use in spacecraft, but problems in supplying and storing hydrogen have hampered plans to use it for cars. Hydrogen must be highly compressed, and the tanks are heavy and costly. Oil companies involved in the partnership, including Royal Dutch/Shell Group and Atlantic Richfield Co., will work on how to get and store the hydrogen efficiently and inexpensively. Ballard has been collaborating with Ford and DaimlerChrysler to develop pollution-free fuel cells for about a year. DaimlerChrysler owns 20 percent of Ballard, while Ford holds 15 percent. DaimlerChrysler unveiled a compact fuel cell car last month called NECAR 4. The car is powered by liquid hydrogen, drives like a normal automobile, has a top speed of 90 mph and can go 280 miles without refueling. Ford Motor Co. officials said they expect to have a drivable version of its five-seat fuel-cell car, the P2000, sometime this spring. California has decreed that zero emission vehicles must represent 10 percent of a company's total vehicle sales in the state by 2003.