Ballard: a sliver of sunshine on another stormy day
Friday, October 10th, 2008Working in the business section of Canada’s largest daily newspaper, I have to say it’s been tough watching the markets. If you think the U.S. has been getting battered, Canada’s commodity-heavy exchanges are getting crushed. So on yet another day that oil sands and potash producers got their teeth knocked out, it was great to see Ballard Power standing out from the crowd with a 4 per cent gain yesterday. The Vancouver-based fuel cell developer, no stranger to tough times, announced it had landed a contract that will see 10,000 5-kilowatt fuel cell units sold to India’s ACME Group and IdaTech, which will form a joint venture aimed at deploying the fuel cells for back-up power in the telecom industry. (more…)
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca