Hydrogen Hype Takes a Hit
The Detroit Free Press reports that Canada's Ballard Power Systems has so much faith in the future of hydrogen fuel cell-powered automobiles that they're looking to sell that part of their business. And here's the kicker: Ballard wants to off-load the whole hydrogen kit and caboodle on the unit's minority partner: Ford. The news comes one day after USA Today touted GM's recently released experimental fleet of 100 hydrogen fuel cell Equinox. And just two short years ago, "then-CEO Dennis Campbell was in Detroit touting the fact that a hydrogen economy was on the horizon and that fuel cells would likely replace the internal combustion engine." Yes, well, Campbell now reckons it's time to bail, due "to the lengthy projected timeline to commercialization and high cost of development." Needless to say, the move hasn't deterred the faithful, although they have moved the goalposts. Again. The National Hydrogen Association expects automakers to decide in 2015 whether to mass market the technology. We can't wait!
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