Point Roberts, WA and Delta, BC - January 9, 2020 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues today's edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.
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Today we are looking at Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), Toyota (NYSE:TM) and Hyundai Mobis (KRX:012330) and how fuel cell technology made headlines at CES in Las Vegas this week. CES is the world's gathering place for all those who thrive on the business of consumer technologies.
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) and Deloitte China announced the release of a joint white paper entitled "Fueling the Future of Mobility: Hydrogen and fuel cell solutions for transportation" at the Consumer Technology Association's CES 2020 trade show being held in Las Vegas, Nevada. This white paper is the first volume in a series exploring how hydrogen is set to power the future of mobility. Click here to download the white paper.
From the release - Randy MacEwen, Ballard President and CEO said, "In less than 10 years, it will become cheaper to run a fuel cell electric vehicle (FCEV) than it is to run a battery electric vehicle (BEV) or an internal combustion engine (ICE) vehicle for certain commercial applications."
Although FCEVs are currently more expensive to run per 100 kilometers (km) than BEVs and ICE commercial vehicles, they are set to become much cheaper as manufacturing technology matures, economies of scale improve, hydrogen fuel costs decline and infrastructure develops. Indeed, the white paper conservatively estimates the Total Cost of Ownership (TCO) for commercial hydrogen vehicles will fall by more than 50% in the next 10 years.
From the press release: Called the Woven City, it will be a fully connected ecosystem powered by hydrogen fuel cells.
Envisioned as a "living laboratory," the Woven City will serve as a home to full- time residents and researchers who will be able to test and develop technologies such as autonomy, robotics, personal mobility, smart homes and artificial intelligence in a real-world environment.
"Building a complete city from the ground up, even on a small scale like this, is a unique opportunity to develop future technologies, including a digital operating system for the city's infrastructure. With people, buildings and vehicles all connected and communicating with each other through data and sensors, we will be able to test connected AI technology... in both the virtual and the physical realms ... maximizing its potential," said Akio Toyoda, president, Toyota Motor Corporation.
The city is planned to be fully sustainable, with buildings made mostly of wood to minimize the carbon footprint, using traditional Japanese wood joinery, combined with robotic production methods. The rooftops will be covered in photo-voltaic panels to generate solar power in addition to power generated by hydrogen fuel cells. Toyota plans to weave in the outdoors throughout the city, with native vegetation and hydroponics.
The groundbreaking for the site is planned for early 2021.
Hyundai Motor Group has secured the world's best hydrogen fuel cell system technology and Hyundai Mobis runs the world's largest production line exclusively for hydrogen fuel cell modules in Chungju, Chungcheongbuk-do.
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Thanks, that's it for today. Do something good for this beautiful planet each and every day.
Podcast host: Dawn Van Zant
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