Financing

Italy is well aware of the potential represented by hydrogen technologies. While on the one hand these technologies have recently been somewhat “neglected” by national legislation, disappearing in the “Finanziaria 2010″, the Italian government’s budget for 2010, on the other hand the Ministry of Economic Development, through the implementation of the well known program “Industria 2015″, allocated resources for projects related to hydrogen amounting to nearly €40 mln. Economic effort, however, is still modest when compared to other countries such as Germany – which is investing 700 million in these technologies through its National Program for Innovation (2007-2016) – or Japan – which in 2009 alone has invested 320 million euro.

In Europe the main source of funding for hydrogen is the JTI program, which in 2009 allocated 70.3 million euros (90.1 million in 2010). The new JTI call for proposal will be launched this May, while the new calls of Intelligent Energy Europe and Eco-Innovation – two programs addressed to innovative projects – will be launched on March 31 and April 14.

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Eco-Innovation call for proposal 2010

The launch of the next Call for proposals is foreseen for 13 April 2010. The deadline for submission of proposals is foreseen to be 9 September 2010.

There is nearly € 200 million available to fund Eco-innovation projects between 2008 and 2013 (30 million euro in 2009). The objective is to boost Europe’s environmental and competitive standing by supporting innovative solutions that protect the environment while creating a larger market for ‘green’ technologies, management methods, products and services.

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Hydrogen and FC financing in Germany

The German National Innovation Program (NIP) on Hydrogen and Fuel Cell Technology is a strategic alliance between German politics, industry and academia. The program has a budget of 1,400 million euro and lasts 10 years (2007-2016):

- 200 Million euro funded by the Federal Ministry of Economics, with a focus on R&D;

- 500 Million funded by the Federal Min of Transport, Building, Urban Affairs,  with a focus demonstration projects;

- 700 M euro funded through industry contribution.

The target of the program is to foster the market entry of hydrogen and fuel cell applications, to increase global competitiveness and High-Tech competencies, to create sustainable jobs and protect the climate.

Source: NOW

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DOE hydrogen and FC funding in the United States

In Fiscal Year 2009, Congress appropriated $269 million for the DOE Hydrogen Program. The Program is organized into distinct sub-programs focusing on specific areas of research and development (R&D), as well as other activities to address non-technical challenges. The Program has made substantial progress toward its goals and objectives, for example, reducing the cost of fuel cell by 75% since 2002 ($276/kW to $61/kW).

In FY 2009, the DOE Hydrogen Program competitively selected projects to address key barriers in the development of hydrogen and fuel cell technologies. These included:

-Twenty-eight projects (approximately $113M; $129M with cost share over five years) in fuel cell technologies to develop novel catalysts, explore innovative concepts in materials and components, identify degradation mechanisms and mitigation strategies, understand the effects of water transport, and improve materials and packaging for portable-power fuel cells.

-Thirteen projects ($41.9M over two years; $114.3M with cost share) to support the deployment of nearly 1,000 fuel cell systems for emergency backup power and material handling applications (e.g., forklifts), as well as the demonstration of fuel cells for residential combined heat and power, auxiliary power units, and portable applications. These projects were funded under the American Recovery and Reinvestment Act of 2009. The deployments will have significant near-term impact, creating jobs in fuel cell manufacturing, installation, maintenance and support service sectors. Industry participants have reinforced their commitment by proposing approximately $72.4 million in cost-share—bringing total project funding to nearly $114.3 million.

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Hydrogen and FC financing in Japan

In 2002, the Japanese Ministry of Economy, Trade and Industry (METI) launched a comprehensive program that envisions a full commercialization of fuel cells and hydrogen-infrastructure by 2020. To obtain this, the Japanese government has allocated 3 billion euro with 185 million euro set aside for research and development in the next five years.

The total budget for Hydrogen and FC in FY 2009 amounts 320 million euro, 254 million euro were instead allocated in 2008. The main investment areas are:

* Promotion of residential Fuel Cells with the introduction of subsidies for Residential FC co-generation system (84.5 million euro);

* Demonstration project toward commercialization (33.7 million euro);

* Strategic R&D

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