The current 5-year national project since 2003 for development of coated conductors (CC) using Y-system superconductors has passed for almost a half term and has achieved satisfactory results. In this paper, the current status and the future prospect are reviewed.The group of Fujikura Ltd. and SRL-ISTEC has worked on the long tape with high performance in the PLD-YBCO superconducting tapes on the IBAD-Gd2Zr2O7 buffered substrates. The highest value on the product of Ic×L in the world was marked by the result which were 51,940Am (212m×245A) by the SRL group. Fujikura Ltd. also realized the longest tape of 200m with a reasonable high Ic value of 100A. The values have been steadily improved and the trend is going to be continued, since the large equipments for both IBAD and PLD have been installed, and ready to work on large tapes with a high production rate.In another group, the long tape processing has been developed focusing on lowering the production cost. The extremely high Ic value of 470A was obtained in the film by the TFA-MOD method on CeO2 (PLD)/GZO(IBAD)/hastelloy substrate. In the efforts for the long tape in the process, a 25m long tape with its Ic value of 100A was realized by a continuous reel-to-reel system. Additionally, 100m class long tapes were also obtained by the MOCVD and PLD-HoBCO processes.Both groups are aiming to achieve the final goals of 500m long tapes with the high Ic value of 300A/cm-w by the production rate of 5m/h.Furthermore, the feasibility study for applications using coated conductors has been already started due to the above-mentioned success of long tape production. Several kinds of coils using long coated conductors such as a solenoid and a pancake coils and the spiral shaped conductors for cable applications were firstly made. Reasonable high performances were confirmed in the trials. For the future plans of coated conductor applications, the following power devices using coated conductors have been proposed; (1) power cable, (2) transformer, (3) motor, (4) fault current limiter, (5) cryocooler, and so on.