Fuel cells at the crossroads : attitudes regarding the investment climate for the US fuel cell industry and a projection of industry job creation potential.

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Fuel Cells at the Crossroads examines financial community and fuel cell industry views on the investment climate for the fuel cell industry. It also explores the investment history of the US fuel cell industry and projects potential future job creation. The scope of the study included the transportation, stationary power generation and portable sectors. Interviews were conducted with industry and financial experts. The results of the interviews provide a snapshot of industry perspective just prior to President Bush's endorsement of a hydrogen economy in his 2003 State of the Union address. In April 2003, we conducted a spot check to ... continued below

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56 pages

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Creator: Unknown. May 27, 2004.

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This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

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Description

Fuel Cells at the Crossroads examines financial community and fuel cell industry views on the investment climate for the fuel cell industry. It also explores the investment history of the US fuel cell industry and projects potential future job creation. The scope of the study included the transportation, stationary power generation and portable sectors. Interviews were conducted with industry and financial experts. The results of the interviews provide a snapshot of industry perspective just prior to President Bush's endorsement of a hydrogen economy in his 2003 State of the Union address. In April 2003, we conducted a spot check to test whether the State of the Union address had changed opinions. We found little change among the financial and investment communities, but some guarded new optimism among industry leaders. The general outlook of our sample was cautiously hopeful. There is no question, however, that the current climate is one of great uncertainty, particularly when compared with the enthusiasm that existed just a few years ago. Among other things: (1) Respondents generally believed that the energy industry will undergo profound change over the next few decades, resulting in some form of hydrogen economy. They acknowledged, however, that huge technology and cost hurdles must be overcome to achieve a hydrogen economy. (2) Respondents were worried about the future of the industry, including timeframes for market development, foreign competition, technical problems, and the current poor investment environment. (3) Respondents generally believed that the US federal government must provide strong leadership to ensure American leadership in the fuel cell industry. They believe that governments in Europe and Japan are highly committed to fuel cells, thus providing European and Japanese companies with significant advantages. (4) Respondents frequently mentioned several areas of concern, including the situation in Iraq, the increased commitment to fuel cells in Europe, and recent actions by Toyota and Honda.

Physical Description

56 pages

Source

  • Other Information: PBD: 27 May 2004

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  • Report No.: ANL/OF-00405/300
  • Grant Number: W-31-109-ENG-38
  • DOI: 10.2172/825410 | External Link
  • Office of Scientific & Technical Information Report Number: 825410
  • Archival Resource Key: ark:/67531/metadc777184

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Creation Date

  • May 27, 2004

Added to The UNT Digital Library

  • Dec. 3, 2015, 9:30 a.m.

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  • March 24, 2016, 9:54 p.m.

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Fuel cells at the crossroads : attitudes regarding the investment climate for the US fuel cell industry and a projection of industry job creation potential., report, May 27, 2004; Illinois. (digital.library.unt.edu/ark:/67531/metadc777184/: accessed August 18, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.