Hydrogen pioneer Arcola acquired in $40m deal [Daily Business]
Date: 13/11/2021
Hydrogen fuel pioneer Arcola Energy, which was one of the first occupants at the Michelin Scotland Innovation Parc in Dundee, has been acquired by a Canadian company.
Arcola has agreed a cash and shares offer from Nasdaq-listed Ballard Power Systems worth up to $40m (£30m).
London-based Arcola is establishing its main manufacturing facility at MSIP and also has a rail engineering facility at the Boness and Kinneil Railway. It currently has 90 employees in the UK.
External links
Daily Business
Arcola Energy
Arcola Energy is a leader in hydrogen and fuel cell integration, specialising in zero-emission solutions for heavy-duty vehicles and transport applications.
Ballard Power Systems
Ballard Power is the leading global provider of innovative clean energy fuel cell solutions that offer superior performance at a reduced operating cost.
Related images
Location: Bo^ness TMD
Company: Slamannan and Borrowstounness Railway
18/03/2021 Douglas McPherson
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Tags: x Arcola x Arcola Energy x Hydrogen Power x Ballard Power Systems x Bo^ness and Kinneil Railway
