Tag: Ballard
British Columbia Pays HTEC Millions For Another Hydrogen Station Nobody Needs
HTEC just opened another hydrogen fueling station in British Columbia. It sits gleaming and underused in the Lower Mainland, one more high-cost monument to a transportation future that never arrived. It’s an infrastructure project aimed at a market that doesn’t exist, serving vehicles that aren’t being driven, with fuel no … [continued]
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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]
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Plug Power Has Lost $3.12 Billion Since 2010, Never Turned A Profit, Stock Collapsing
This is the year that the hydrogen bubble pops, especially for transportation, but increasingly for all hydrogen for energy plays. One of the firms on my hydrogen death watch is Plug Power, which has managed to lose $3.12 billion of other people’s money since 2010, about $200 million a year … [continued]
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