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Ballard to restructure, cut costs 30% as hydrogen market slows

1 month ago

Ballard to restructure, cut costs as hydrogen market slows

Hydrogen fuel cell maker Ballard Power Systems Inc. (BLDP-T) announced a global restructuring aimed at cutting its expenses by over 30 per cent, as the Vancouver-based company wrestles with a slowing industry.

ZEV registrations jump to 12.9% in Q2: StatsCan

New data from Statistics Canada, released this week on World EV Day, shows 65,733 new zero-emission vehicles (ZEVs) were registered in Canada this quarter. This represents 12.9 per cent of all new vehicle registrations during Q2.

Tidewater Renewables completes asset sale to owner

Tidewater Renewables Ltd. (LCFS-T) has completed its previously announced proposed transaction with Tidewater Midstream and Infrastructure Ltd. The company has refinanced its first lien credit facilities and extended its second lien credit facilities.

B.C. premier considering dropping provincial carbon tax

B.C.’s premier, David Eby, the last premier in the country to defend carbon pricing and whose province was the first to have such a system, says he would eliminate the levy if the federal government drops legislation requiring it.

British Columbians balking at net-zero policies: poll

British Columbians are all in favour of renewable electricity, but many are opposed to a number of net-zero policies, such as EV mandates and bans on natural gas for home heating, according to an Ipsos Public Affairs poll.

Alberta hydrogen house a potential game changer

Known as the hydrogen house, an unassuming family home in Sherwood Park, Alta. is completely powered by hydrogen. The house, touted as the first of its kind in North America, is a joint venture between Qualico Homes and ATCO Gas.

Should farmland be protected from clean-energy projects?

OPINION: Protecting natural areas such as farmland is a fundamental aspect of environmentalism. However, safeguarding these lands may inadvertently increase the cost of renewable energy just as the transition to clean energy has become critically urgent.

Carmakers adjust electrification plans as EV demand slows

Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles (EVs) due to lack of affordable models, slow roll-out of charging points, growing trade tensions and increased competition from cheaper Chinese rivals.

China asks its carmakers to keep key EV tech at home

China has strongly advised its carmakers to make sure advanced EV technology stays in the country, people familiar with the matter said, even as they build factories around the world to escape punitive tariffs on Chinese exports.

Historic Italian design house sees reason to dare in EV future

For 105 years, Zagato has conceived many of the most sought-after cars for brands including Alfa Romeo, Aston Martin and Maserati. Now, the founder's grandson believes the electric era opens up new opportunities for original, inventive designs for mainstream consumers.

Texas to build more clean energy than any other U.S. state

As of July, Texas intended to build 35 gigawatts of clean energy over 18 months, more than the next nine states combined, according to a Cleanview analysis of U.S. Energy Information Agency data.

$400M Japan Hydrogen Fund launched with major backing

The first Japan Hydrogen Fund has been launched with over $400 million US committed by Japanese industrial and financing majors, along with TotalEnergies. The fund is “dedicated to developing the low-carbon hydrogen value chain”.

Potential merger of steel giants has environmentalists worried

One consequential question regarding the possible merger of steel giants U.S. Steel (X-N) and Japan's Nippon Steel has gone largely ignored: what it means for the climate. Some environmentalists say the deal could slow the decarbonization of the steel industry.

Why standardized packaging is key to reducing plastic waste

A new report by waste management company Biffa explores how the United Kingdom can significantly reduce its plastic packaging waste. Across a range of solutions, standardized packaging materials emerged as the greatest potential solution. 

Inside the complex, crucial world of aluminum recycling

Aluminum is the second-most used metal in the world after steel, found in everything from frying pans, kitchen foil and smartphones, to airplanes, bridges and buildings. The lightweight material is also a key component of the clean energy transition.

Climate change brings world’s most desperately needed plane back in production

Manufacturer De Havilland Aircraft of Canada is rapidly bringing a specialized amphibious firefighting plane — commonly called a Canadair — back into production as orders have surged due to raging wildfires fuelled by climate change.

How PG&E is using microgrids to further its sustainability goals

California's Pacific Gas & Electric (PG&E) has a plan to bury over 16,000 kilometres of power lines and a pledge to create a net-zero energy system by 2040. Crucial to both are microgrids combining renewable power with energy storage systems.

Chevron, MOL to equip LNG carrier with wind-assisted propulsion

Japanese shipping major Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of Chevron (CVX-N), have signed an agreement to install Wind Challenger, a hard sail wind-assisted ship propulsion system, on a new liquefied natural gas (LNG) carrier.

Talk of fighting climate change muted in U.S. presidential campaign

As Americans struggle through another year of record-defying heat, extreme rainfall and raging wildfires, climate change has not captured significant focus on the campaign trail, with voters citing the economy and immigration among their top concerns.

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