Report on Hydrogen and Fuel Cells Says Industry Generates Millions for Connecticut Economy

January 12, 2007

On January 4, Connecticut Governor Jodi Rell received a preliminary report on the status of the state’s hydrogen and fuel cell industry, its economic impact, and the market conditions of the technology. The report states that the industry supports several thousand jobs and generates millions of dollars in state and local tax revenue and hundreds of millions of dollars in gross state product.

The interim report, "Fuel Cell Economic Development Plan Hydrogen Roadmap,"required under Public Act 06-187 signed into law by Governor Rell on May 26, 2006, was submitted by the Department of Economic and Community Development in cooperation with The Connecticut Center for Advanced Technology, Inc. and the Connecticut Hydrogen-Fuel Cell Coalition.

Governor Rell said, "I want Connecticut to be a national model for energy technology and conservation, and this report goes hand in hand with several of my proposed energy initiatives. Once complete, this hydrogen and fuel cell plan will serve as the roadmap for an industry that is quickly becoming a key contributor to our state’s economy."

The report states that Connecticut’s fuel cell and hydrogen industry currently supports 2,148 jobs statewide and generates approximately $29 million annually in state tax revenue, approximately $2 million annually in local tax revenue, and more than $340 million annually in gross state product.

Two of the major fuel cell developers and manufacturers in the world are located in Connecticut – FuelCell Energy, Inc. in Danbury and Torrington, and UTC Power in South Windsor.

The report’s preliminary findings will be validated and refined within the final plan, which will be submitted by the Department of Economic and Community Development no later than January 1, 2008.

Governor Rell’s push for fuel cell and hydrogen industry growth is part of her larger goal for 20 percent of all energy used and sold in Connecticut to come from clean or renewable energy sources by the year 2020.

For more information, see the governor’s January 4 press release.

Source: January 12 article in SNL Energy Renewable Energy Week