In checking The NEWS archives, we began regularly writing about fuel cells in the year 2000. Although they have not had a major impact yet, there have been a number of announcements in the last several months that may finally indicate the emergence of fuel cells as a significant factor.
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.
Annual shipments of fuel cell systems will grow rapidly over the next five years, from less than 29,000 in 2012 to more than 600,000 by 2017, according to a report from Pike Research. The market value of the fuel cell industry is expected to reach $15.7 billion by 2017.