EU Launches 1 Billion Euro Hydrogen and Fuel Cells Project

October 21, 2008 at 1:15 pm

The European Commission today announced that it will team up with European industry and researchers to invest nearly 1 billion euros over six years in fuel cells and hydrogen research. The goal is to achieve mass-market rollout of these promising technologies before 2020.

“By investing in such a results-oriented scientific project, we are putting our money where our mouth is,” said EU Commissioner for Science and Research, Janez Potocnik. “The development of new technologies is crucial if we are to meet EU objectives to address climate change and energy challenges. This requires the commitment of all actors. Gathering more than 60 private companies, from multinationals to SMEs [Small & Medium-sized Enterprises], together with the Commission, an equal number of universities and research institutes is therefore a great success. This Joint Technology Initiative brings together the most significant players to put Europe ahead of the game in new energy technologies. I hope we will see a snowball effect in other strategic research areas.” (European Union, Delegation of the European Commission to the United States, )ctober 14, 2008).

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