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Connecticut Center for Advanced Technology, Inc.'s International and joint efforts will drive renewable energy growth

Connecticut experts visit South Korea and meet with officials over possible partnership

EAST HARTFORD, Conn. — Renewable energy technologies are gaining wider consumer acceptance, but increased government support and collaboration between countries would enhance research, manufacturing and development.

That was the central message when hydrogen and fuel cells experts from Connecticut visited the People’s Republic of Korea earlier this month to meet with in-country officials in a move to drive an alliance between the Northeast United States and South Korea. Connecticut Center for Advanced Technology Inc. (CCAT) recently met with the Commercial Section of the U.S. Embassy to discuss building an effective and balanced alliance in the hydrogen fuel cell industry in Korea, helping to increase trade, manufacturing, and increased deployment of ultra clean energy technology in both South Korea and the US.

“While these two hydrogen fuel cell clusters are fully capable of functioning independently, an open and competitive partnership between them and their global companies could help to expedite growth needed to drive down costs and increase market penetration,” said Joel Rinebold, director of energy at CCAT.

Rinebold added that renewable energy with energy storage is no longer considered disruptive, but is often favored by consumers over large baseload fossil-fueled generation facilities.

“…An open and competitive partnership between them and their global companies could help to expedite growth needed…”

 

 

“Cost, adequate storage to meet peak demands, and interconnection on the grid are opportunity areas,” he said. “Solutions include commercially available technologies with market prospects to improve the deployment of intermittent renewable energy resources.”

Those attending the 2nd International Hydrogen Energy Forum learned that the market’s growth has ushered in the hydrogen economy, which will be relied upon as a carrier for energy transmission, storage and production of electricity for stationary and motive power needs.

The hydrogen and fuel cell supply chain contributes over $1.4 billion in revenue and investment; more than 6,500 jobs; and labor income of approximately $620 million to the Northeast US.

“The proximity of the cluster’s manufacturers and supply chain has given us a competitive advantage in national and international markets,” said Anne Evans, director, US Department of Commerce. “This cluster provides an opportunity for the US to more fully use its renewable energy industry of hydrogen and fuel cells for transportation, energy storage, and power supply at consumer sites.  Such applications continue to make the Northeast US a showcase for renewable energy while reducing greenhouse gas (GHG) emissions as new jobs are created and energy reliability is increased.“  

The US Department of Commerce Commercial Service supports USA companies and organizations to grow globally and create jobs in the USA.

About CCAT

Connecticut Center for Advanced Technology Inc. (CCAT) is a nonprofit organization, headquartered in East Hartford, Conn., that creates and executes bold ideas advancing applied technologies, IT strategies, energy solutions, STEM education, and career development. By leading state, regional, and national partnerships, CCAT helps manufacturers, academia, government and nonprofit organizations excel. Learn more at ccat.us, or follow CCAT on Twitter - @CCATInc.