HUMONGOUS 40X GROWTH COMING IN DG FUEL CELLS

Stationary Fuel Cells; Fuel Cells for Prime Power, Large CHP, Residential CHP, and UPS Applications: Global Market Analysis and Forecasts

1Q 2014 (Navigant Research)

“…[T]he use of fuel cells as small distributed power plants for grid stabilization or backup is moving forward faster than any other [fuel cell] sector in terms of megawatts…Since different countries are facing different pain points, in terms of power and power availability, the adoption costs of distributed generation (DG) technologies, including fuel cells, are also different. The core application segments of prime power, large combined heat and power (CHP), residential CHP (resCHP), and uninterruptible power supply (UPS) continue to grow, albeit at different paces…[J]ust 20 key system players accounted for over 95% of revenue at the end of 2013. Navigant Research forecasts that global stationary fuel cell revenue will grow from $1.4 billion in 2013 to $40.0 billion in 2022…” click here for more

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