Energy Department Webinar May 22: DOE Highlights Tool to Estimate the Economic Benefits of Fuel Cell Adoption
May 22, 2012
May 21, 2012 The Energy Department will present a live webinar on May 22, 2012, featuring a new modeling tool for estimating the economic benefits of fuel cells in early market applications. The tool, called "Job and Output Benefits of Stationary Fuel Cells (JOBS FC): Economic Benefits of Fuel Cells," estimates the number of jobs created by deploying fuel cells in forklifts, backup power, and prime power applications. The webinar will be offered on Tuesday, May 22, from 12:00 p.m. to 1:00 p.m. Eastern Daylight Time. JOBS FC is a spreadsheet model that estimates economic impacts from the manufacture and use of select types of fuel cells. The modeling tool uses input-output methodology to estimate changes in industry expenditures, and calculates the ripple effects of those changes throughout the economy. As fuel cell production proceeds down the supply chain, fuel cell-related expenditures flow up the chain to their respective economic sectors. Fuel cell-related expenditures include the purchase of the fuel cell itself, its fueling infrastructure, and the fuel or energy it consumes, as well as expenses associated with installing and operating the fuel cell and its fueling infrastructure. As these dollars flow through the economy they provide jobs and income to individuals and establishments directly involved in the provision of fuel cells (direct jobs), to individuals and establishments further up the supply chain (indirect jobs), and to an array of service and support industries whose growth is induced by the re-spending of those dollars in the economy (induced jobs). During the webinar, Marianne Mintz of Argonne National Laboratory will provide an overview of the model, instructions for data entry, interpretation of results, and a question and answer session with participants. Register to attend the webinar. The potential for long-term employment growth from the widespread use of fuel cells in the United States is well documented, but this tool will allow industry and other stakeholders to estimate the direct employment potential of various projects. A 2008 study commissioned by DOEPDF found that successful widespread market adoption of fuel cells could add up to 675,000 net new jobs to the U.S. economy by 2035. This series of webinars is designed to increase knowledge of fuel cell technologies and applications, identify best practice state hydrogen and fuel cell programs and policies, and provide information and technical assistance to state policy leaders, state renewable energy programs, fuel cell organizations, and others involved in the development of effective hydrogen and fuel cell programs and policies. DOE's Office of Energy Efficiency and Renewable Energy (EERE) accelerates development and facilitates deployment of energy efficiency and renewable energy solutions that strengthen U.S. energy security, environmental quality, and economic vitality.