Fuel Cell Loan Program

July 14, 2021


This program has epxired.

The Ohio Fuel Cell Initiative was established in May 2002 to support fuel-cell-related research, project demonstration and job creation. This $100 million initiative will provide (1) $75 million in financing to make strategic capital investments that will create and retain jobs; (2) $25 million to support fuel cell research, development and demonstration; and (3) $3 million for worker training. In May 2005, the initiative -- orignially designed as a three-year plan -- was extended through May 2008. During the course of the initiative, the Ohio Department of Development (ODOD) intends to award $15 million to finance traditional economic development investments for expansion of the state’s fuel-cell industry, job retention and job-creation activities, through low-interest loans and loan guarantees. The maximum loan per company is $5 million. In addition, the ODOD has set aside $60 million in federal volume cap for tax-exempt financing of qualified, small-issue projects. As a result, a total of $75 million may be used for the purchase of land, building and equipment. Contact the ODOD for current details regarding loans. The ODOD also conducts educational workshops and business seminars in conjunction with the Ohio Fuel Cell Coalition and maintains informational materials on the state's Third Frontier Project web site (www.thirdfrontier.com) and the Ohio Fuel Cell Coalition's web site (www.fuelcellsohio.org). The Ohio Fuel Cell Initiative is part of the state's Third Frontier Project, a 10-year, $1.6 billion plan to create high-tech, high-paying jobs through the expansion of the state's high-tech research sector and promotion of start-up companies.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Ohio
Incentive Type: Industry Recruitment/Support
Web Site: http://www.thirdfrontier.com/pdf/Fuel_Cell.pdf
Start Date:
Eligible Renewable/Other Technologies:
  • Fuel Cells using Non-Renewable Fuels
  • Fuel Cells using Renewable Fuels
Incentive Amount: Varies
Maximum Incentive: $5 million


Name: Mike McKay
Organization: Ohio Department of Development
Columbus OH 43215
Phone: (614) 644-9159
Email: mmckay@odod.state.oh.us

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.