Table of contents: Executive Summary 1. Introduction -The Role of Hydrogen and Fuel Cells -Investment and Targets in R&D -The Importance of Technology Learning -Background and Scope of this Study 2. Hydrogen Technologies -Hydrogen Production -Hydrogen Transportation and Distribution -Hydrogen Refueling Stations -Large-Scale Hydrogen Storage -On-Board Hydrogen Storage 3. Fuel Cells and Other Hydrogen End-Use Technologies -PEM Fuel Cell Applications: Light Duty Vehicles -Niche Markets for PEM Fuel Cells in the Transport Sector --Buses --Delivery Vans --Wheelchairs and Carts --Forklifts -Hydrogen Fuelled Airplanes -Prospects and Applications for Staionery Fuel Cells and Other Hydrogen Uses 4. Competing Technology Options -Competing Options in the Transportation Sector --Biofuels --Plug-In Hybrids and other Electric Vehicles --Lessons from Hybrids and Electric Vehicles --Synfuels from Gas and Coal --Non-Conventional Oil --Compress Natural Gas --Alternative Fuels and Energy Po9licy Targets --The Impact of Taxes -Competing Options for Stationery Applications -Residential uses -Power Generation 5. Defining the Energy Context -The Energy Technology Perspectives (ETP) Model -Overview of the Analysis -The ETP BASE Scenario -The MAP Scenario 6. Key Drivers for Hydrogen and Fuel Cells: Sensitivity Analysis -Governmental Policies and Socio-Economic Parameters -Competing Technologies and Fuels -Hydrogen and Fuel Cell Technologies -Overview of the Sensitivity Analysis Results 7. Sencario Analysis and Regional Activities -Global Scenario Analysis -Regional Differences 8. Conclusions and Challenges Ahead -Market Prospects for Hydrogen and Fuel Cells -Technology Prospects -Uncertainties Regarding Hydrogen and Fuel Cell Prospects -RD&D Challenges and Opportunities Annex 1. ETP Model Characteristics Annex 2. Regional Investment Costs, Discount Rates and Fuel Taxes Annex 3. Benefit/Cost Ratios of Hydrogen Technologies and Fuel Cells Annex 4. Greenhouse Effects of Hydrogen Airplanes Annex 5. Existing Hydrogen Fuel Stations Annex 6. Definitions, Abbreviations, Acronyms, and Units