GREY:XEBEQ - Post by User
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Ciaoon Mar 03, 2021 9:07am
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XBC article; Globe and Mail quoted by Stockwatch.com
XBC article; Globe and Mail quoted by Stockwatch.com Making money as a theme in cleantech has always been the differentiator for XBC
Globe says Xebec boss frets over hydrogen transport
2021-03-03 08:56 ET - In the News
The Globe and Mail reports in its Wednesday edition that two decades after fuel cell mania sent shares of Ballard Power soaring, investors are betting that the time has finally come for the universe's most abundant element to play an important role in tackling climate change. In a Globe special, Jason Kirby writes that in December, the federal government released its hydrogen strategy -- an ambitious vision for Canada's low-carbon future that foresees clean hydrogen providing 30 per cent of the country's energy needs by 2050. Xebec Adsorption, which makes on-site gas generation systems for industrial customers, in December expanded its hydrogen offering through the $160-million purchase of Netherlands-based HyGear, which Xebec said will allow it to provide "commercially viable green hydrogen." Xebec's Kurt Sorschak said he is "broadly supportive" of Ottawa's hydrogen plan. Still, he is wary of any rush to invest in large-scale clean hydrogen projects because of how difficult and costly it will be to build pipelines to move hydrogen. "Everybody is rushing to announce projects worldwide but it's challenging to see how it will get to market," he said. "I'm a very big proponent of actually being able to make money."