Canadian fuel cell maker Ballard Power Systems’ biggest challenge this past year has been advancing its technology while securing commercial traction in a turbulent hydrogen market, says its President and CEO.
Randy MacEwen told H2 View that prolonged policy uncertainty, unpredictable election cycles, and funding constraints had “tested the resilience” of the hydrogen and fuel cell industry.
Compounding those factors, the Ballard President and CEO said investors “largely withdrew” from hydrogen, which led to liquidity constraints and “restricted access” to new capital.
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