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synnogy fuel cells UK The UK Industry View FINANCING THE HYDROGEN REVOLUTION SYNNOGY LTD 1 Aldwincle Road, Thorpe Waterville, Northants, NN14 3ED T: 0044 (0) 1832 720007; M: 0044 (0) 7788 780317 Email: cgreaves@synnogy.co.uk Web: www.synnogy.co.uk; www.fuelcellsuk.org Thursday 26 th February, 2004
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synnogy fuel cells UK THE UK INDUSTRY VIEW How is the UK fuel cell and hydrogen industry shaping up? How does the industry see the landscape evolving? How will financing best support this evolution? What other actions are needed?
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synnogy fuel cells UK SHAPE OF THE UK FUEL CELL AND HYDROGEN INDUSTRY Over 100 companies, spanning the full length of the supply chain Particular strengths in: - low temperature fuel cells stacks & components - high temperature fuel cell stacks & components - balance of plant - hydrogen production and distribution Supported by a world renowned science and technology base
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synnogy fuel cells UK A FUEL CELL VISION FOR THE UK Highlighting the benefits to the UK in taking a leading role in fuel cell development and deployment. Defining a pathway for the development of fuel cells in the UK. (with input from over 150 fuel cell stakeholders.)
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synnogy fuel cells UK Commercial / market development From HART, D (2003) “Fuel Cells: the competitive option for an Eco- responsible future?”, invited paper, World Gas Conference, Tokyo, June 1- 5 2003
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synnogy fuel cells UK Short term: 2003-2007 Government supported demonstrations Clear policy framework Suppliers establishing positions Early development of fuel infrastructure
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synnogy fuel cells UK Medium term: 2008-2012 Value moving downstream Research focus on long term challenges Growing public awareness Evolution of hydrogen clusters
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synnogy fuel cells UK Long term: 2013-2023 Market increasingly customer driven Fully integrated supply chains Demonstrations driven and funded by industry Continuing growth of hydrogen infrastructure
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synnogy fuel cells UK MOVING THE AGENDA FORWARD Private financing for start-up and early-stage companies Substantial support for demonstration activities Transparent funding mechanisms Financing
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synnogy fuel cells UK MOVING THE AGENDA FORWARD Clear support at a high level within Government A long term commitment and clear policy framework Strategic leadership on fuel and fuel infrastructure International research collaboration Development of codes and standards Role for Government
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synnogy fuel cells UK MOVING THE AGENDA FORWARD A Roadmap – specifying routes and milestones for all stakeholders Supporting the development and deployment of fuel cells for distributed power Optimising outcomes for fuel cells in vehicles in the UK Contributing to the development of Codes and Standards Role for Fuel Cells UK:
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synnogy fuel cells UK MOVING THE AGENDA FORWARD Single installation Up to 20 installations expected to be in place by end 2004 Multiple installations
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