| Ballard Power Systems | |
|---|---|
 |
|
| Type | Public NASDAQ: BLDP, TSX: BLD |
| Founded | 1979 |
| Headquarters | Burnaby, BC |
| Key people | Ian A. Bourne, (Chairman), John Sheridan (President and CEO) |
| Industry | Alternative energy |
| Products | Fuel cells |
| Revenue | $49.823 million USD (2006)[1] |
| Net income | ($181.137 million) (loss) USD (2006)[1] |
| Employees | 600 (2005)[2] |
| Slogan | Power to Change the World |
| Website | www.ballard.com |
Ballard Power Systems (TSX: BLD, NASDAQ: BLDP), located in Burnaby, British Columbia -- a suburb of Vancouver -- is a company that designs, develops, and manufactures zero emission proton-exchange-membrane fuel cells. Ballard Power Systems was originally founded as Ballard Research by Dr. Geoffrey Ballard. The company went public in 1993 on the Toronto Exchange, and in 1995, listed on NASDAQ.[3] Some of the work performed by Ballard has included commercialization of:
- fuel cell engines for the transportation market
- electric drives for both fuel cell and battery-powered electric vehicles
- power conversion products for fuel cell generators
- microturbines and other distributed generation technologies
- fuel cell systems for markets such as portable power products and larger stationary generation products.
Ballard Power Systems's main objective is to develop fuel-cell technology. With a key attribute to reduce the harmful impact on the environment, this technology covers solutions for portable and stationary power generation. In comparison to the internal combustion engine, fuel-cell systems are a practical alternative, for example, in automobiles and buses. Ballard Power Systems has had its focus within the automobile market, fleet services, co-generation systems, and manfacturers of materials for the fuel-cell sector.
Contents |
Competitors
Although Ballard Power Systems is one of the larger companies developing fuel cell technology, its chief competitors include:
- UTC Power Corporation, a unit of United Technologies
- Hydrogenics
- Plug Power
- FuelCell Energy
- Fuel Cell Technologies
Divisions
- XCELLSIS Fuel Cell Engines
See also
External links
References
- ^ a b 2006 Annual Results. Retrieved on 2007-04-13.
- ^ "Ballard Streamlines Activities to Further Reduce Operating Expenses", Ballard Power Systems, 2005-09-22. Retrieved on 2006-07-16.
- ^ When was Ballard's IPO?. Retrieved on 2006-07-16.
