On October 14, the EU formerly launched the Fuel Cells and Hydrogen Joint Technology Initiative (JTI). The JTI consists of more than 60 companies, more than 60 universities and research institutes, and the European Commission. With funding of close to €1 billion ($1.4 billion) over six years, the JTI plans to accelerate the development, commercialization and demonstration of fuel cells and hydrogen technologies. The JTI aims to reduce the time to market for such technologies by two to five years with the ultimate aim of a product introduction by 2020. The first call for proposals was released on October 8 and has a budget €28.1 million. The call targets transportation and refueling infrastructures, as well as hydrogen production, storage and distribution. The JTI is the first European Industrial Initiative.

Source: European Commission