Ballard’s GeoPura Deal Turns Private Hydrogen Losses Into Public Dilution

CleanTechnica
By Michael BarnardJul 13, 2026, 10:35 am180 ptsTrendingTop
Perpetual loss-making hydrogen fuel cell firm Ballard Power is paying £275 million for GeoPura, but only £82.5 million is cash. Most of the price is 50.8 million newly issued and dilutive Ballard shares, leaving GeoPura’s investors with about 14.4% of the combined company and subjecting much of their…

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