Ballard Confirms Receipt of Grant to Support Clean Power From By-Product Hydrogen
February 21, 2011
• Financial incentive for clean, on-site power production
For Immediate Release – February 21, 2011
VANCOUVER, CANADA– Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) announced that it has finalized the agreement to deploy a clean energy fuel cell power generator at a K2 Pure Solutions bleach plant in Pittsburg, California.
The agreement between Ballard and K2 Pure Solutions, previously announced in August 2010, anticipated receipt of a routine air permit exemption for the fuel cell system from the Bay Area Air Quality Management District and a grant from California’s Self Generation Incentive Program (SGIP). Ballard now confirms that both the air permit exemption and the SGIP Final Reservation Notice Letter have been issued for this project.
Ballard’s CLEARgen™ fuel cell system will convert by-product hydrogen into clean load-following electricity that will partially offset power demand at the state-of-the-art bleach plant. System installation and commissioning is planned for completion by mid-2012.
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