Extension to US fuel cell tax credit proposed

'Long-term tax credits are an essential component of fuel cell commercialization. They help build confidence among early adopters, level the competitive playing field and stimulate cost reduction and product innovation,' said Robert Rose, Executive Director of the US Fuel Cell Council. 'Credits will also accelerate fuel cell deployment, thus helping assure that the benefits of fuel cells are fully realized.'

Consistent R&D efforts are expected to yield dividends as fuel cells emerge as the preferred distributed generation technology, and play a dominant role in redefining the European energy industry in the future. So says a new report from Frost & Sullivan, which goes on to suggest that the European stationary fuel cells market will achieve commercialization by the end of this decade.

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