Monday 12 October 2015

US invests $20m in advanced fuel cell technology

US invests $20m in advanced fuel cell technology

The US Government is investing more than $20 million (£13m) in 10 projects to advance fuel cell and hydrogen technologies.

The funding is also expected to enable early adoption of light-duty fuel cell electric vehicles (FCEVs) in an effort to reduce the nation’s dependence on foreign oil and carbon emissions.

A new report from the Energy Department revealed the hydrogen and fuel cell industry grew by almost $1 billion (£0.64bn) in 2014, reaching $2.2 billion (£1.4bn) in sales.

In addition, more than 50,000 fuel cells were shipped worldwide in 2014.

David Danielson, Assistant Secretary for Energy Efficiency and Renewable Energy said: “These projects announced today will continue to make advances in our rapidly-expanding portfolio of hydrogen and fuel cell technologies.

“Energy Department-supported projects have helped reduce the modelled cost of transportation fuel cells by 50% since 2006."

Written by

Bruna Pinhoni

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