Ballard says CEOG is the world's first multi-megawatt, baseload hydrogen power plant, and the largest green hydrogen storage of intermittent renewable electricity sources.
The plant, designed and developed by HDF, will supply a 100% renewable, stable and dispatchable power to the equivalent of 10K households at a lower cost than a diesel power plant, but without emitting any greenhouse gases.
This project is part of a multi-staged development agreement between Ballard and HDF, with CEOG the first commercial project for HDF under the deal.
Seeking Alpha contributor Henrik Alex says Ballard Power reported improved Q2 results but the company's "near-term prospects remain bleak."