Ballard Power Systems Inc. and Plug Power Inc.: Fuel Cell Products Reduce Greenhouse Gas Emissions
15 Novembre 2007 - 11:00PM
Marketwired
VANCOUVER, BRITISH COLUMBIA and LATHAM, NEW YORK (NASDAQ: BLDP)
and Plug Power Inc. (NASDAQ: PLUG) have been evaluating the
potential impact of hydrogen fuel cell technology on greenhouse gas
(GHG) emission reductions. A summary of the results of the analysis
are now available for download on Ballard's website
(www.ballard.com) or on Plug Power's website
(www.plugpower.com).
"Our analysis provides a view of realistic environmental
benefits that can be anticipated from fuel cell adoption in
commercial markets," said John Sheridan, Ballard's President and
Chief Executive Officer. "There are a range of market applications
for which fuel cell based products provide competitive advantage,
while at the same time significantly reducing GHG emissions."
The analysis focused on fuel cell applications most likely to
achieve near-term commercialization, specifically residential
cogeneration, distributed generation, backup power systems,
materials handling and public transit buses. Results show that
global GHG reductions through the year 2025 from these applications
could be in the range of 31 to 116 million metric tons, depending
on assumptions made regarding production of hydrogen. Running this
data through the U.S. Climate Technology Cooperative Gateway
Greenhouse Gas Equivalencies Calculator
(www.usctcgateway.gov/tool/) shows that by 2025, this level of GHG
reductions equates to the removal of 1.4 to 5.6 million cars from
the world's roads in that year.
"With today's increased global awareness around the impacts of
climate change, it's increasingly important that corporate
decision-makers drive incremental value through a focus on the
sustainability of their products, operations and corporate
cultures," said Roger Saillant, President and CEO of Plug Power.
"This analysis provides an important benchmark that helps confirm
the value of continued investment in the fuel cell industry."
The results of Ballard and Plug Power's work have been
independently verified by the Center for Energy Efficiency and
Renewable Technologies (www.ceert.org), a Sacramento, California
based non-profit organization focused on promotion of sustainable
resources and nonpolluting technologies.
About Ballard Power Systems
Ballard Power Systems Inc. (TSX: BLD)(NASDAQ: BLDP) is
recognized as a leader in the development, manufacture and sale of
hydrogen fuel cells. Ballard's mission is to make fuel cells a
commercial reality. To learn more about what Ballard is doing with
Power to Change the World�, visit www.ballard.com.
Ballard Power Systems Safe Harbor Statement
This release contains forward-looking statements that are based
on the beliefs and assumptions of Ballard's management and reflect
Ballard's current expectations as contemplated under section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended. Such assumptions
relate to our financial forecasts and expectations regarding our
product development efforts, manufacturing capacity, and market
demand. These statements involve risks and uncertainties that may
cause our actual results to be materially different, including,
without limitation, the rate of mass adoption of our products,
product development delays, changing environmental regulations, our
ability to attract and retain business partners and customers, our
access to funding, increased competition, our ability to protect
our intellectual property, changes in our customers' requirements,
and our ability to provide the capital required for product
development, operations and marketing. Readers should not place
undue reliance on Ballard's forward-looking statements and Ballard
assumes no obligation to update or release any revisions to these
forward looking statements. For a detailed discussion of the risk
factors that could affect Ballard's future performance, please
refer to our most recent Annual Information Form.
About Plug Power Inc.
Plug Power Inc. (NASDAQ: PLUG), an established leader in the
development and deployment of clean, reliable on-site energy
solutions, integrates fuel cell technology into backup and primary
power products for telecommunications, material handling, utility
and uninterruptible power supply applications. The Company is
actively engaged with private and public customers in targeted
markets throughout the world, including North America, Europe, the
Middle East, Russia, South Africa and South America. For more
information about how to join Plug Power's energy revolution as an
investor, customer, supplier or strategic partner, please visit
www.plugpower.com.
Plug Power Inc. Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including but not limited to our 2007 milestones and
statements regarding our growth plans. We believe that it is
important to communicate our future expectations to our investors.
However, there may be events in the future that we are not able to
accurately predict or control and that may cause our actual results
to differ materially from the expectations we describe in our
forward-looking statements, including, without limitation, the risk
that the anticipated synergies of the Cellex Power Products and
General Hydrogen acquisitions are not realized; the risk that unit
orders will not ship, be installed and/or convert to revenue, in
whole or in part; Plug Power's ability to develop commercially
viable on-site energy products; the cost and timing of developing
Plug Power's on-site energy products; market acceptance of Plug
Power's on-site energy products; Plug Power's ability to
manufacture on-site energy products on a large-scale commercial
basis; competitive factors, such as price competition and
competition from other traditional and alternative energy
companies; the cost and availability of components and parts for
Plug Power's on-site energy products; Plug Power's ability to
establish relationships with third parties with respect to product
development, manufacturing, distribution and servicing and the
supply of key product components; Plug Power's ability to protect
its intellectual property; Plug Power's ability to lower the cost
of its on-site energy products and demonstrate their reliability;
the cost of complying with current and future governmental
regulations; the impact of deregulation and restructuring of the
electric utility industry on demand for Plug Power's on-site energy
products and other risks and uncertainties discussed under "Item
IA-Risk Factors" in Plug Power's annual report on Form 10-K for the
fiscal year ended December 31, 2006, filed with the Securities and
Exchange Commission ("SEC") on March 16, 2007, and the reports Plug
Power files from time to time with the SEC. Plug Power does not
intend to and undertakes no duty to update the information
contained in this press release.
Contacts: Ballard Power Systems Inc. Rebecca Young Media Contact
(604) 454-0900 Email: media@ballard.com Website: www.ballard.com
Plug Power Inc. Mark Sperry Media Contact (518) 782-7700 ext. 1510
Email: media@plugpower.com Website: www.plugpower.com
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Plug Power (NASDAQ:PLUG)
Storico
Da Lug 2023 a Lug 2024