Manufacturing Industry
TECHNOLOGY INSIGHT Fuel Cell Sector Revenues Exceed R&D Expenditures.
Fuel Cell Technology News, December, 2005
By John Webster, Leader of PricewaterhouseCoopers (PwC) Canada fuel cell practice and Alastair Nimmons, PwC's survey co-author. Webster and Nimmons are the authors of PwC's 2005 Fuel Cell Industry Survey, published October.
According to PricewaterhouseCoopers (PwC) 2005 Fuel Cell Industry Survey (see http://www.pwc.com/ca/fuelcellsurvey05), aggregate revenues for public companies in the fuel cell sector decreased slightly in 2004 to $234 million, down 4% from $244 million in 2003. However, revenues exceeded research and development (R&D) expenditures, continuing a trend that began in 2002.
The annual survey, released in conjunction with the Ninth Grove Fuel Cell Symposium in London, United Kingdom, also found that net losses in the sector grew to $465...
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