The Technology Strategy Board (TSB) has announced £7 million of investment to accelerate the deployment of fuel cell and hydrogen technologies. The funding made on behalf of government, will be used to finance 15 demonstrator projects. The investment in the demonstration of products in the stationary power and transport markets will assist UK companies to bring these technologies towards commercialisation.
Once fully developed, the TSB says these technologies have the potential to be used in both the transport and domestic sector helping the UK to meet domestic and EU climate change targets. Iain Gray, chief executive of the Technology Strategy Board commented, “By providing capital funding towards the cost of demonstration, this important programme will enable British companies to collaborate to commercialise fuel cell and hydrogen technologies. Covering both the transport and stationary market applications, the funding will support and take forward already successful research, development and prototyping projects.
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