#Cleantech and #ClimateChange #Podcast - All on Board the #Hydrogen
Train -(NASDAQ: $BLDP; TSX: $BLDP.TO) (TSX:
$CP.TO; NYSE: $CP)
Vancouver, Kelowna, Delta, BC ,January 19, 2022 - Investorideas.com, a global news source and leading investor
resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issues a new
hydrogen edition of the Cleantech and Climate Change Podcast
Listen to the Podcast:
https://www.investorideas.com/Audio/Podcasts/2022/011922-CleanTech.mp3
Read this in full at https://www.investorideas.com/news/2022/cleantech-climatechange/01191BLDP-CP.asp
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Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced today it
received an order for eight additional 200 kW fuel cell modules to support the
expansion of Canadian Pacific’s ( TSX: CP; NYSE: CP) Hydrogen Locomotive Program from one to three locomotives,
with expected delivery in 2022. Inclusive of Ballard’s announcement in March
2021, the company will provide a total of 14 fuel cell modules, each module
with a rated power output of 200 kW, to support this program.
CP, an industry leader in the North
American rail sector, significantly expanded its Hydrogen Locomotive Program,
from one to three hydrogen locomotives. This expansion is partially supported
by C$15 million in funding from Emissions Reduction Alberta (ERA) as part of
its Shovel-Ready Challenge announced late last year. The CP program was
selected as one of sixteen emissions reduction projects to receive provincial
funding. CP intends to refine the process of converting diesel-electric
powertrains to hydrogen-electric powertrains over a series of three categories
of locomotives which collectively represent the majority of locomotives in use
throughout North America.
“In expanding this groundbreaking
project, CP is demonstrating its commitment to combatting climate change
through transformative technology," said Keith Creel, CP's President and
Chief Executive Officer. "I am very pleased that Emissions Reduction Alberta
selected this program for a grant and I eagerly anticipate seeing a
hydrogen-powered locomotive move CP customer freight in the near future.”
“We are excited to deepen our
collaboration with CP and accelerate the energy transition,” said Randy MacEwen,
Ballard’s President & CEO. “The expansion of CP’s Hydrogen Locomotive
Program is illustrative of the confidence in Ballard’s fuel cell technology and
the important role hydrogen fuel cells will play in decarbonizing heavy-duty
motive applications, such as freight locomotives.
“Alberta is investing to lead the
transition to affordable, reliable and clean energy. CP's initiative represents
a highly compelling opportunity to catalyze the hydrogen economy in Alberta and
around the world," said Steve MacDonald, CEO of ERA. "The project
will help scale up technology and bring down the costs of deploying hydrogen to
address the critical challenge of decarbonizing the long haul, heavy-freight
sector.”
Thanks, that’s it for today. Do something good for this beautiful planet
each and every day.
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