BOULDER, Colo. — 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. According to a new white paper from Navigant Research, while the broader fuel cell industry struggles, the stationary sector will continue to expand rapidly in the coming years.

“The stationary fuel cell sector represented more than 70 percent of global fuel cell revenue at the end of 2013, and there are already large new orders on the books for 2014,” said Lisa Jerram, senior research analyst with Navigant Research. “Along with renewed attention to fuel cell vehicles, these developments are causing usually cautious investors to take a new look at the fuel sector.”