Synnogy fuel cells UK The UK Industry View FINANCING THE HYDROGEN REVOLUTION SYNNOGY LTD 1 Aldwincle Road, Thorpe Waterville, Northants, NN14 3ED T: 0044.

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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) ; M: 0044 (0) Web: Thursday 26 th February, 2004

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?

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

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.)

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

synnogy fuel cells UK Short term: Government supported demonstrations Clear policy framework Suppliers establishing positions Early development of fuel infrastructure

synnogy fuel cells UK Medium term: Value moving downstream Research focus on long term challenges Growing public awareness Evolution of hydrogen clusters

synnogy fuel cells UK Long term: Market increasingly customer driven Fully integrated supply chains Demonstrations driven and funded by industry Continuing growth of hydrogen infrastructure

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

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

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:

synnogy fuel cells UK MOVING THE AGENDA FORWARD Single installation Up to 20 installations expected to be in place by end 2004 Multiple installations