Commercial introduction and widespread adoption of FCEVs will create new business models, investment opportunities and potential new markets. FCEVs and hydrogen could be the next big disruptive technologies.
Once a robust hydrogen fueling network is in place, the market for fuel cell electric vehicles—passenger, heavy-duty and off-road—will rapidly grow and present major opportunities for various related businesses. The challenge is to attrract the investment needed to build out the early fueling network and vehicle fleet. H2USA is promoting this initial development by building on existing projects related to government grants, employment impacts, research and development, innovative funding mechanisms and other financial incentives. Examples of these projects are described briefly below.
H2USA has provided a comprehensive set of resources for potential investors in hydrogen fueling infrastructure, including market reports, road maps, and solicitation documents.
National Market Reports
Fuel Cell Technologies Market Report (DOE, 2014)
Zero Emission Vehicle Market Development
California Hydrogen Refueling Infrastructure Road Map
California Energy Commission Grant Program
Notice of Proposed Award, PON-13-607 (CEC, May, 2014)
Hydrogen Draft Solicitation Concepts (CEC, July, 2015)
Industry Comment Letter Regarding Draft Solicitation Concepts (CaFCP, September, 2015)
State of California
Funded by a small fee on vehicle registrations, the California Energy Commission oversees this grant program that provides approximately $100 million annually to support projects that develop and improve low-carbon fuels. ARFVTP (also called AB118 after the bill that authorized it) provides co-funding to hydrogen stations in California through a competitive grant that CEC administers.
Energy Independence Now
EIN, a non-profit organization dedicated to a clean, renewable energy and transportation economy in California, has done extensive research and analysis about financial models, funding mechanisms and the business case for hydrogen.
Connecticut Center for Advanced Technology
The Regional Resource Center provides online information, models and other tools to assist local and state planners to quantify the costs and benefits of hydrogen and fuel cell technology at identified potential sites. RRC ensures that planners have the information needed to match a potential application with the most appropriate technology.
Argonne National Lab
JOBS FC uses an input-output methodology to estimate changes in industry expenditures, and then calculates the ripple effects of those changes throughout the economy. As fuel cell production proceeds down the supply chain, fuel cell-related expenditures flow up the chain to the respective economic sectors. Fuel cell-related expenditures include the purchase of the fuel cell itself, its fueling infrastructure, the fuel or energy it consumes, and expenses associated with installing and operating the fuel cell and its fueling infrastructure.
New Energy World
The fuel cell and hydrogen industry–gathered within the NEW-IG–compiled this report in coordination with the other European stakeholders summarizing the sector’s financial ambition to reach Europe’s objectives in 2020. The estimated investments are split into traditional R&D and Demonstration efforts, totaling around €6.4 bn and a newer effort to take place in relation to market introduction investments, estimated at around €11.5 bn.
U.S. Department of Energy
The Hydrogen Analysis Resource Center provides well-documented, reliable data to be used for hydrogen-related analytical activities. These data can serve as the basis for calculations, modeling and other analytical activities.
National Renewable Energy Laboratory
NREL hydrogen and fuel cell research focuses on developing, integrating, and demonstrating hydrogen production and delivery, hydrogen storage, and fuel cell technologies for transportation, stationary, and portable applications. Projects range from fundamental research to overcome technical barriers, manufacturing process improvement to enable high-volume fuel cell production, systems analysis to identify the most promising commercialization pathways, and market transformation to support early market deployments.
National Renewable Energy Laboratory and Idaho National Laboratory
This presentation shows the results of NREL’s modeling of hydrogen vehicles and infrastructure for Hawaii.
Fuel Cell & Hydrogen Energy Association
State policies on fuel cells and hydrogen energy play an important role in supporting the commercialization of these technologies. FCHEA lists state policies that positively impact the fuel cell and hydrogen energy industry.
Fuel Cell & Hydrogen Energy Association
FCHEA provides a comprehensive list of federal tax credits and incentives that apply to fuel cell electric vehicle research and development, manufacturing and purchasing as well as hydrogen-fueling equipment purchasing.