HARTFORD, Conn. February 28, 2018 – Hydrogen and fuel cell company representatives and an expert from the Connecticut Center for Advanced Technology (CCAT) informed state legislators that investments in the industry will drive job and economic growth, and asked for support to keep the business growing.
The meeting was part of an informational hearing sponsored by state Rep. Jonathan Steinberg (D-136) of Westport to place more focus on the role that hydrogen and fuel cells can play in the state’s Comprehensive Energy Strategy.
The Feb. 22 briefing addressed the industry’s contributions to the state’s economy, energy reliability, environmental improvement and how clean energy products can produce renewable energy credits (RECs) in Connecticut. The state is the stationary fuel cell market’s major player, serving as home to the world’s two largest manufacturers. A recent Economic Impact Analysis for Planning (IMPLAN) report found that the hydrogen and fuel cell industry in the Northeast region grew over the last five years based on several factors including employment, revenue and investment, labor income and state and local tax revenue.
“This is a manufacturing industry cluster based in Connecticut that makes clean energy technology for export,” said Joel Rinebold, CCAT director of energy. “Investment in this industry will produce economic benefits and local jobs while serving a global market for clean and reliable energy.”
The study also found that the economic impact of Connecticut’s hydrogen and fuel cell supply chain was significant, contributing over $600 million in revenue and investment, more than 2,800 direct, indirect and induced jobs and approximately $286 million in labor income. The study also projected that annual state and local tax revenues stemming from the State’s hydrogen and fuel cell industry was more than $31 million.
“The state of Connecticut has spent decades fostering its home grown fuel cell industry. Fuel cells represent all of the positive energy, environment and economic policy goals that the state says it wants to achieve – high tech advanced manufacturing, an industry that the state can claim as its own, jobs, tax revenues, product exports, clean power, grid resiliency and reliability, and reuse of urban brownfields,” stated Jennifer Arasimowicz, senior vice president, general counsel and corporate secretary of FuelCell Energy.
Fuel cells and hydrogen technology are also supporting clean power applications for motor vehicles, such as buses and passenger vehicles, military applications, and industries throughout the world. Research continues to provide a basis for new product development, including applications for fuel reformation and removal of carbon from conventional fuels.
About the Coalition
The Connecticut Hydrogen-Fuel Cell Coalition, administered by the Connecticut Center for Advanced Technology, is comprised of representatives from Connecticut’s fuel cell and hydrogen industry, academia, government, and other stakeholders. CCAT and the Connecticut Hydrogen-Fuel Cell Coalition work to enhance economic growth in Connecticut through the development, manufacture, and deployment of fuel cell and hydrogen technologies and associated fueling systems. The CHFCC is supported by the State of Connecticut, CCAT, and its members.
CCAT is a nonprofit organization, headquartered in East Hartford, Conn., that creates and executes bold ideas advancing applied technologies, energy solutions, STEM education and career development, and export and cyber compliance. By leading state, regional, and national partnerships, CCAT helps manufacturers, academia, government and nonprofit organizations excel. Learn more at ccat.us, or follow CCAT on Twitter – @CCATInc.