EU Launches €1B Fuel Cell, Hydrogen Initiative

Law360, New York (October 14, 2008, 12:00 AM EDT) -- The European Commission has kicked off a €1 billion ($1.37 billion), six-year project to research and develop energy technologies using fuel cells and hydrogen.

Tuesday marked the launch of the Fuel Cells and Hydrogen Joint Technology Initiative, a joint venture between the European government and private industry members who plan to speed up the development and commercialization of hydrogen- and fuel-based clean energy technologies.

More than 60 companies including Daimler Chrysler, Shell Hydrogen BV and Gaz de France have signed up to participate in the venture...
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