Ballard Power Systems has revealed it will defer the final investment decision (FID) on its 3GW hydrogen fuel cell factory in Texas, US, while holding onto $94m of government funding.
Now expected in 2026, the FID is part of what Ballard describes as an “optionality plan “ to reassess the project depending on future demand.
Having secured a combined $94m in US federal funding to develop the factory, the company has confirmed it will be able to “preserve” the funding despite the delayed FID.
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