Canadian Hydrogen and Fuel Cell Sector Profile, 2005

This profile of the Canadian hydrogen and fuel cell sector provides an objective assessment of Canada’s position within the increasingly competitive global industry. Results indicate that Between 2003 and 2004, revenue decreased 29% from $188 million to $133 million. Research and development expenditures decreased 18% from $290 million in 2003 to $237
million in 2004, and employment numbers decreased 23% from 2,685 in 2003 to 2,056 in 2004. The number of demonstration projects declined 18%, from 262 in
2003 to 215 in 2004.