DaimlerChrysler commits more F-Cells to California

• Book ID: 104435757
• Publisher: Elsevier Science
• Year: 2006
• Tongue: English
• Weight: 18 KB
• Volume: 2006
• Category: Article
• ISSN: 1464-2859
• DOI: 10.1016/s1464-2859(06)71008-2

✦ Synopsis

which was sold in 2005 to create NuCellSys GmbH, Ballard's operating cash consumption was $64.2m. The firm's 2005 year-end cash reserves of $233m decreased just $7.2m from the previous year.

The company has also increased shipments: it shipped or booked orders for 221 of its Mark 1030 fuel cells, primarily for integration into 1 kWe residential fuel cell cogeneration systems for the Japanese market, as well as shipping or booking orders for more than 150 of its Mark 9 SSL™ fuel cells for electric forklift applications in the materials handling market.

Ballard achieved its 2005 Technology Road Map targets, demonstrating automotive fuel cell stack technology with characteristics of $73 per kW cost (at high volume manufacturing), freezestart capability at -25°C, a volumetric power density of 1470 W(net)/liter, and durability of more than 2100 h.

For 2006 the firm's objectives for residential fuel cell cogeneration include shipping or booking 280 Mark 1030 fuel cells and delivering a prototype next-generation fuel cell for field demonstration, while for materials handling and backup power it will ship or book 300 Mark 9 SSL™ fuel cells. In the automotive sector its 2006 Technology Road Map goals are reducing cost further to $65 per kW, freezestarting at -30°C in 195 s, a power density of 1500 W(net)/liter, and durability of 2300 h. It also aims to deliver the next-generation automotive fuel cell prototype and a next-generation electric drive prototype for FCVs.

'We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption