Tuesday, April 1, 2008 - 2:40 PM
The effects of the US Energy Policy Act 2005 (EPACT05) over the risk-financing spectrum in the fuel cell vehicle (FCV) sector
The United States Federal strategy on hydrogen and fuel cell is based on the EPACT05. The EPACT05 (Title VIII) promoted an integrated approach to move these technologies from the labs to the market in which the Research and Development phase financing are strictly linked to the Deployment phase and the Industrial Development.
For the US FCV sector the EPACT05 fixed only 2 simply goals (regarding hydrogen vehicles penetration in the market) but it identified research and development programs and demonstration projects and provide consistent appropriations.
From our point of view, the EPACT05 will have a tremendous and positive effect especially under the risk-financing profile, at the present not completely understood.
In the paper we try to describe in which way, in our opinion, the EPACT05 will be able to finance the pre-commercial financial gap (typical for every technology development and demonstration phase) for the US FCV sector.
Manuscript