Jan. 29, 2013: More Than 350,000 Stationary Fuel Cells Expected to be Shipped Annually by 2022
BOULDER, Colo. — The fuel cell sector is now at a point where, if all government policy related to stationary fuel cells was carried out, the global market potential would surpass three gigawatts (GW) in 2013, and increase to more than 50 GW by 2020, according to a new report from Pike Research, a part of Navigant’s Energy Practice. Thus, the firm forecasts that the number of stationary fuel cells shipped annually will increase from 21,000 in 2012 to more than 350,000 by 2022.
“While a number of companies have exited the fuel cell sector in the last year, government mandates for cleaner and more resilient power production are fueling a sharp increase in market demand,” said research director Kerry-Ann Adamson. “At the same time, a number of new business models are being adopted in order to meet this demand, including energy service companies, independent power producers, and cooperative energy companies. These are making stationary fuel cells a much more standardized option that can be considered as part of the overall energy mix.”