Global R&D spending by key fuel cell companies 2016

This statistic displays the research and development (R&D) expenditures of select public fuel cell companies worldwide in 2016. In this year, the Canadian company, Ballard Power Systems, spent almost 20 million U.S. dollars on R&D.

Research and development expenditures of select fuel cell companies globally in 2016

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Release date

October 2017



Survey time period


Supplementary notes

* Year ends October 31st.
** Year ends June 30th. Figures were converted from GBP to USD where 1 GBP = 1.33949 USD (as of June 30, 2016).
*** Figures were converted from EUR to USD where 1 EUR = 1.05356 USD (as of December 31, 2016).

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