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Symbol BLDP
Name Ballard Power Systems Inc.
Currency USD
Sector Industrials
IndustryGroup Capital Goods
Industry Machinery
Market NASDAQ Global Select
Country Canada
State BC
City Burnaby
Zipcode V5J 5J8
Website http://www.ballard.com
Winnipeg's reliance on New Flyer, North America's largest bus manufacturer, is jeopardizing the company's future as it shifts focus to hydrogen fuel cell buses, which are more expensive and less reliable than battery-electric alternatives. This strategic misstep, compounded by conflicts of interest within the Canadian Urban Transit Research and Innovation Consortium, is leading to significant financial and operational challenges for both New Flyer and Winnipeg's transit system. As a result, the city risks becoming a captive market for a failing technology, potentially costing taxpayers billions.
CUTRIC's recent study on hydrogen buses has raised concerns over its reliability and potential conflicts of interest, as it appears to favor hydrogen solutions despite their high costs and operational inefficiencies. The study, funded by ZETF, may mislead transit agencies like Translink into adopting costly hydrogen options, influenced by board members with vested interests in hydrogen technology. A governance review is recommended to ensure transparency and to critically assess the viability of hydrogen bus fleets based on global experiences.

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