Ballard Power Systems

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Green Finance

Term Paper

July 21, 2015

Chukwu Ada Priscilla

July 21, 2015

Prepare a term paper recommending a long or short position in a publicly traded stock or commodity that would be impacted by a greater societal focus on a green agenda.

Ballard Power System

Introduction

Ballard Power Systems Inc. engages in the development and commercialization of proton exchange membrane fuel cells worldwide. The company is primarily involved in the design, development, manufacture, sale, and service of fuel cell stacks, modules, and systems for various applications. It also develops methanol and hydrogen fueled clean energy backup power systems, as well as provides engineering services for various fuel cell applications. The company offers its products and services for telecom backup power and material handling, as well as bus and distributed generation markets. Ballard Power Systems Inc. was founded in 1979 and is headquartered in Burnaby, Canada. In 2014, the company grew revenue by 12% to $68.7 million, and revenue went up by 43%. In August 2014 Anglo American Platinum launched a 12-month ‘continuous power’ trial, in which Ballard fuel cell systems are helping provide prime power for 34 homes in Kroonstad, a remote off-grid community in South Africa. The trial utilizes Ballard’s commercially proven 5 kilowatt (kW) ElectraGen™-ME fuel cell system, integrated by Anglo American Platinum into a complete prototype off-grid solution, including a battery bank and inverter operating within a microgrid. The system is designed to provide a total of 15 kW’s of fuel cell-generated electric power and can generate peak power of 70 kW’s. Monthly delivery of liquid methanol fuel to an external storage tank enables uninterrupted primary power to these homes.

Benefits accrued by the Naledi Trust community of Kroonstad include:

· Reliable electricity for 12 months, sufficient for lighting, TV, radio, cell phone charging,...