Ballard

ChatGPT generated panoramic image of a bottomless hydrogen fuel cell pit with money being thrown into it by investors

Perpetual Hydrogen Money Loser FuelCell Energy, Like Ballard, Pivoted From Batteries

How can a company never make a profit for over 50 years and still be around? How can it still find investors? FuelCell Energy is that company, and its continuing existence, like that of other perpetual money losing hydrogen fuel cell firms Ballard Power and Plug Power, is deeply perplexing. … [continued]

ChatGPT generated panoramic digital illustration of a massive hydrogen torch with a vibrant blue flame, fueled by stacks of burning dollar bills

Plug Power Has Lost $3.12 Billion Since 2010, Never Turned A Profit, Stock Collapsing

This is the year that the hydrogen bubble pops, especially for transportation, but increasingly for all hydrogen for energy plays. One of the firms on my hydrogen death watch is Plug Power, which has managed to lose $3.12 billion of other people’s money since 2010, about $200 million a year … [continued]

ChatGPT & DALL-E generated panoramic image created features a hydrogen-powered delivery van that appears abandoned and in disrepair, symbolizing the decline or stagnation of hydrogen technology in the transportation sector.

Hydrogen Van Firm ‘First Hydrogen’ Fated To Fail But What Questions Does It Raise?

In the annals of zero emission vehicle startups there are innumerable failures. The Canadian/UK firm First Hydrogen is inevitably going to be one of them. I write this article not to hasten their demise, but to ask a set of questions about how this type of thing gets funded, gets … [continued]