Shift Toward Distributed Generation Is Driving Increased Interest in Stationary Fuel Cells
January 29, 2015
Growth in the fuel cell market continues to accelerate, after 2013 and 2014 saw rising demand, especially in stationary applications, says Navigant Research. Stationary fuel cell applications, which vary widely by country and region, include utility-scale, commercial and industrial building, and residential.
During 2013 and 2014, the fuel cell market continued to see the greatest demand from stationary applications, including utility-scale fuel cells, fuel cells for industrial and commercial buildings, and fuel cells for residential power, noted Navigant Research.
Stationary Sector Is Seeing a Boom in Prime Power and Residential Combined Heat and Power Systems
July 25, 2014
Although some sectors of the fuel cell industry have struggled, stationary fuel cells have seen two years of strong growth, with an ongoing boom in prime power and residential combined heat and power (CHP) system shipments.
Residential Combined Heat and Power Is the Fastest Growing Fuel Cell Market Segment
July 3, 2014
Driven by the growing need to enhance grid resiliency and the accelerating adoption of distributed generation (DG) technologies, the stationary fuel cell market is poised for rapid growth over the next decade, states Navigant Research.
Project Has the Potential to Improve Fuel Cell Output and Double Service Life
April 24, 2014
The U.S. Department of Energy (DOE) has awarded more than $3 million to Connecticut-based FuelCell Energy for a development project to enhance the performance, increase the lifespan, and decrease the cost of stationary fuel cells being used for distributed generation and combined heat and power (CHP) applications.
Need for Grid Resiliency, Increasing Financing Options Helping to Drive the Market
April 2, 2014
Stationary fuel cells continue to be at the forefront of the global fuel cell industry, notes Navigant Research. As the focus on grid stability increases and the costs associated with natural disasters rise, the use of fuel cells as small distributed power plants for grid stabilization and backup power is moving forward rapidly.
More Than 88 MW of Stationary Fuel Cells Have Been Installed or Ordered by U.S. Firms
January 17, 2014
Corporate customers are increasingly turning to fuel cells to provide seamless, reliable power to high-volume data centers and other critical facilities, according to The Business Case for Fuel Cells: Reliability, Resiliency & Savings, a new report from Fuel Cells 2000.
Driven by the increased global focus on creating resilient, distributed energy systems, the fuel cell industry is experiencing a modest growth spurt, according to a new report from Navigant Research, with the stationary sector continuing to be the industry powerhouse.
Over the last year, the stationary fuel cells sector has seen a sharp increase in market demand created by government policy initiatives, according to a report from Navigant Research. The firm forecasts that annual revenue from stationary fuel cells will grow from $1.7 billion in 2013 to $9 billion in 2022.
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.