Aug. 30, 2013: Fuel Cell Industry Tops $1 Billion in Sales in 2012
Stationary Fuel Cell Installations Lead the Way
BOULDER, Colo. — 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. While the stationary sector continues to be the industry powerhouse, the transportation sector is also seeing acceleration in volume. The industry topped the $1 billion mark in revenue from the sale of fuel cell systems in 2012, the report says, on shipments of 124 megawatts (MW), up 40 MW from 2011.
“Rising interest in fuel cell technology, combined with new products reaching the market and new policy mandates, indicates that 2012 was a pivotal year for the fuel cell market,” said Kerry-Ann Adamson, research director with Navigant Research. “Previously, the very survival of the industry was in question. Today, in a number of ways, the fuel cell sector is stronger and healthier than ever.”