Canadian Government Invests $10M into Daimler-Ford fuel cell joint venture
Canadian Government Invests $10M into Daimler-Ford fuel cell joint venture
author Added by FuelCellsWorks, March 17, 2017

Vancouver, British Columbia – Innovation, Science and Economic Development Canada Technology and the innovation it helps promote are key to the future of Canada’s economy. This is why the Government of Canada is committed to supporting technologies that will advance our environmental objectives, create jobs and stimulate growth in the clean tech sector. 

As part of this initiative, one of these investments include a $10-million non-repayable contribution to the Automotive Fuel Cell Cooperation (AFCC), a Burnaby-based joint venture with Germany’s Daimler AG and Ford Motor Company. Through this joint venture, AFCC is developing new fuel cell modules to be used in automotive applications.

Leah Lawrence, President and CEO, Sustainable Development Technology Canada said "This exciting new technology has the potential to reduce the difference in cost between fuel cell and combustion engine vehicles. As well, the project has drawn over $70 million in global investment into Canada, for a total project value of $88 million. 

Canadian companies are partnering to lead on clean technology innovation, from fuel cells to biofuels. The investments announced today will create new jobs and provide environmental benefits to British Columbians and all Canadians.”

Thorsten Wesse, CEO, Automotive Fuel Cell Cooperation said “Demand for automotive fuel cell development is higher than ever before. Fuel cells offer a full-performance, high-range, high-efficiency, zero-emission vehicle alternative to combustion engines. Canada has a strong history of and world leading expertise in designing and manufacturing automotive fuel cells. Continuing to develop and establish roots ensures that Canadians are major players.”