United States Remains Largest Fuel Cell Market

80% of global investment in the fuel cell industry in 2012 was made in companies based in the U.S., according to US Energy Department reports.

Published: 14-Jan-2014

The U.S. Department of Energy has released three reports concerning the growth of fuel cell production and adoption of hydrogen fuel throughout the country. The reports suggest that the U.S. remains one of the largest and fastest growing fuel cell markets in the world. The country had shown only modest support for fuel cells in the past, but has recently begun investing quite heavily in the technology, especially when it comes to using fuel cells in transportation.
Majority of investments made to US companies

According to the reports, 80% of global investment in the fuel cell industry in 2012 was made in companies based in the U.S. These companies received backing from the federal government, but also from the states they called home. Connecticut is one of the states that has helped the fuel cell industry prosper by offering companies promising incentives and other benefits for doing business within the U.S.

Agency works to support fuel cell technology
The Department of Energy has aggressively increased the support it has been showing fuel cells in recent years. Alongside the agency’s national laboratories, the Department of Energy has helped lower the cost of fuel cells and hydrogen fuel production technologies. The reports show that this support has helped reduce the cost of fuel cell technology by more than 50% since 2006. Fuel cell durability has also doubled since 2005 and the amount of platinum needed for fuel cells to operate effectively has fallen by 80%.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Mercedes-Benz B-Class F-Cell fuel cell sedan production will now be delayed until 2017.

Speculation is that delay decision based on lack of hydrogen refueling infrastructure, though system costs are likely an equally important justification.

Ford Motor Co. 999 fuel cell sets speed record at Wendover, Utah of 207.279 mph.

The collaboration expected to lead the launch of world’s first affordable, mass market fuel cell electric vehicles as early as 2017.

Chevrolet Equinox, one of 100 powered by hydrogen fuel cells.

Bob Lutz predicts that 'unless something close to magic happens,' fuel-cells vehicles will forever be expensive 'wall flowers.'

READER COMMENTS

blog comments powered by Disqus