Tag: Ballard Power Systems
Perpetual Hydrogen Money Loser FuelCell Energy, Like Ballard, Pivoted From Batteries
How can a company never make a profit for over 50 years and still be around? How can it still find investors? FuelCell Energy is that company, and its continuing existence, like that of other perpetual money losing hydrogen fuel cell firms Ballard Power and Plug Power, is deeply perplexing. … [continued]
The post Perpetual Hydrogen Money Loser FuelCell Energy, Like Ballard, Pivoted From Batteries appeared first on CleanTechnica.
Nikola Bankruptcy Just Part Of Crumbling Of Hydrogen For Transportation
Nikola, with its hydrogen trucks, has finally left the building. The company gained widespread attention after going public via a SPAC merger in 2020, briefly reaching a market valuation of over $30 billion. However, founder Trevor Milton was complicit in the SPAC pump and dump, misleading investors about Nikola’s technological … [continued]
The post Nikola Bankruptcy Just Part Of Crumbling Of Hydrogen For Transportation appeared first on CleanTechnica.