CCAT and NEESC emphasize value of fuel cells as a distributed generation to drive energy reliability and economic development
EAST HARTFORD, Conn. (May 9, 2018) — Economic drivers and potential market factors for high-efficiency fuel cell distributed generation use in Connecticut are central to a report released by the Connecticut Center for Advanced Technology Inc. (CCAT) and the Northeast Electrochemical Energy Storage Cluster (NEESC).
Fuel cell distributed generation (DG) technology provides a significant opportunity for Connecticut to increase use of cleaner energy directly at consumer and grid sites; boost energy reliability for the grid and consumers, and create economic development opportunities for job creation associated with a world-class industry poised to grow, according to the white paper. When compared to other Class I renewable sources, fuel cells have lower costs for consumer energy, have a high-capacity factor and reliability that negates the need for redundant backup power or energy storage, and can be located at or near grid and consumer loads with ease of siting and without significant adverse environmental impact.
For every dollar of revenue generated by the hydrogen fuel cell industry through the manufacture and provision of fuel cell technology to meet load, an additional $.84 of revenue is generated by other Connecticut businesses. This would result in some $2.3 billion of total revenue that could be added to the state’s economy with 310 MW of new energy resources.
“The challenge for Connecticut is to effectively remove the silos between environmental protection, energy reliability, and economic development,” said Joel Rinebold, CCAT’s director of energy and NEESC chairman. “With the removal of these silos comes an opportunity to use local resources to create jobs in Connecticut and grow our clean energy economy.”
Further, the Connecticut OEM industry has an opportunity to compete in the global market for the manufacture and deployment of advanced clean energy technology, which will bring dividends back to Connecticut in the form of jobs, revenues, corporate investments, in addition to clean and reliable energy. With these opportunities readily assessable, Connecticut can best continue combined implementation of existing policies to enhance energy reliability, environmental protection, and economic development through support of fuel cells.
Download white paper – Fuel Cell Distributed Generation: Cost, Value, and Market Potential
Connecticut Center for Advanced Technology Inc. (CCAT) is a nonprofit organization, headquartered in East Hartford, Conn., that creates and executes bold ideas advancing applied technologies, export and cyber compliance, energy solutions, STEM education, and career development. 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.
The Northeast Electrochemical Energy Storage Cluster is a network of industry, academic, government and non-governmental leaders working together to provide energy storage solutions. The cluster is focused on the innovative development, production, promotion and deployment of hydrogen fuels and fuel cells to meet the pressing demand for energy storage solutions. The cluster is based in New York, New Jersey, and the New England States, and was funded through the US Small Business Administration’s Innovative Economies Initiative. NEESC is administered by CCAT. Learn more at neesc.org.