On March 17, 2016, the Northeast Electrochemical Energy Storage Cluster (NEESC) announced the results of a recently-commissioned, independent IMPLAN economic analysis of the region's hydrogen and fuel cell industry. The study's findings suggest that the hydrogen and fuel cell industry in the Northeast region experienced growth over the last four years. Factors evaluated in the study included: employment, revenue and investment, labor income, and state and local tax revenue.
NEESC is a project administered by the Connecticut Center for Advanced Technology Inc. (CCAT). Joel Rinebold, Director of Energy Initiatives at CCAT said of the study, ”We were very pleased to see growth in the industry here in the Northeast given the competitive nature of the industry and the significant recruitment efforts from other countries.”