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ballard-defers-fid-on-3gw-us-hydrogen-fuel-cell-factory-until-2026
© rafapress / Shutterstock
ballard-defers-fid-on-3gw-us-hydrogen-fuel-cell-factory-until-2026
© rafapress / Shutterstock

Ballard defers FID on 3GW US hydrogen fuel cell factory until 2026

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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