Organization: Daimler AG

SDTC investing $43 million in a range of pre-commercial clean technology projects

Sustainable Development Technology Canada (SDTC) is investing $43 million in several clean technology projects of which $20 million will be matched by the Province of British Columbia. The investments include $10 million in the Automotive Fuel Cell Corp — a joint venture with Daimler AG and Ford Motor Co to develop new fuel cell modules.…

Ballard sells automotive assets to Ford and Daimler

Ballard Power Systems Inc is exiting the automotive fuel cells business with the sale of its automotive-related assets to Ford Motor Co and Daimler AG for between $95 million and $105 million. The move is expected to reduce the Burnaby BC-based company’s R&D burn rate by $15 million annually as it shifts focus to other…