‘As we’ve said in the past, we see residential cogeneration on a longer timeline to commercialization,’ says John Sheridan, president/CEO of Ballard Power Systems. ‘This, combined with an increasing investment requirement for continued system development work, has impacted the business case for this program. We believe that this decision is in the best interest of both joint venture parties.’
Although Ballard is dissolving the joint venture for fuel cell systems development for the Japanese residential cogeneration market, the company believes that opportunities continue to exist in Japan, as well as other international markets, for sales of residential cogeneration PEM fuel cell stack products.
Ballard will continue to sell its FCgen™-1030v3 fuel cell product for applications such as residential cogeneration, including supply of this product to Baxi Innotech GmbH for the German Callux Project.