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Ballard Power Systems Inc T.BLDP

Alternate Symbol(s):  BLDP

Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane (PEM) fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. The Company operates in a single segment of fuel cell products and services. Embedded in each Ballard fuel cell product lies a stack of unit cells designed with its PEM fuel cell technology that includes membrane electrode assemblies, catalysts, plates, and other key components, and draw on intellectual property from its patent portfolio, together with its experience and know-how, in key areas of PEM fuel cell stack design, operation, production processes and systems integration.


TSX:BLDP - Post by User

Comment by guarantor1on Oct 29, 2024 6:11pm
63 Views
Post# 36287715

RE:Hydrogen Infrastructure re-boot ???

RE:Hydrogen Infrastructure re-boot ???And then we get another green hydrogen deal in Morocco

Engie and Morocco’s OCP Deal for Green Hydrogen, Renewables Worth $18 Billion in Investments

 

(Reuters) - Morocco's phosphates and fertilizer giant OCP and French energy firm Engie signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to $18 billion (17 billion euros) in desalination, renewable energy and green hydrogen, a source close to the deal said.

The strategic partnership was signed during the visit by French President Emmanuel Macron to Rabat, as part of a series of business agreements following improved political ties between the two countries.

The joint development agreement covers research and innovation plus four projects: renewable energy production with flexible power storage, green ammonia production, infrastructure to connect the electricity to OCP sites, and a water desalination plant for agricultural use in regions where OCP operates, according to a statement by Engie.

In parallel, feasibility studies will be carried out on possible green hydrogen, e-methanol and sustainable aviation fuel production, the statement said.

The renewable energy plans are expected to materialize in 2026, while the desalination and green hydrogen projects are forecast in 2028 and 2032 respectively, the source told Reuters.

Engie declined to comment on the investment figures, but said a spokesperson said the company targeted a final investment decision (FID) in 2026 on the renewable power and flexible storage projects, with the remaining plans to be started in the short to medium term.

"We will respect rigorous investment criteria to guarantee the profitability of our projects," the Engie spokesperson said.

A statement from Morocco's OCP gave no figures on the deal.

OCP plans to invest $13 billion in 2023–2027 to fully rely on renewable energy in its industrial processes and desalinated water, as it pushes for full carbon neutrality by 2040.

France's TotalEnergies TTEF.PA also announced it would study possible green hydrogen and ammonia production and export projects in Morocco during the presidential visit, as Rabat works to establish an export hub for renewable fuels the EU will need to import to reach its decarbonization goals.

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