San Francisco, California, Dec. 2, 2014 (GLOBE NEWSWIRE) -- Worldwide markets are poised to achieve significant growth as the Stationary Fuel Cells used to provide distributed power for campus environments achieve better technology and economies of scale. They have achieved grid parity in many cases. They improve and lower energy costs. They threaten to erode utility profitability.
Stationary Fuel Cells are on the cusp of becoming commercially viable, creating companies that are profitable and produce electricity at or below parity with the grid giving every user alternatives to the grid. Bloom Energy has solved the SOFC engineering challenges. Breakthroughs in materials science, and revolutionary designs give Bloom SOFC technology a cost effective, all-electric solution.
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Vendors have solved the SOFC conundrum, developing new materials that make units affordable and provide energy device economies of scale and support for wind and solar renewable energy sources.
Stationary fuel cells represent the base for distributed power generation worldwide. No more new coal plants, no mare extensions to the grid. Distributed power has become mainstream. Distributed generation (DG) refers to power generation at the point of consumption.
Stationary fuel cell markets at $1.2 billion in 2013 are projected to increase to $14.3 billion in 2020. Growth is anticipated to be based on demand for distributed power generation that uses natural gas. Systems provide clean energy that is good for the environment. Growth is based on global demand and will shift from simple growth to rapid growth measured as a penetration analysis as markets move beyond the early adopter stage. The big box retailers including many, led by Walmart, the data centers, and companies like Verizon are early adopters.
Eventually hydrogen will be used as fuel in the same stationary fuel cell devices. The hydrogen is manufactured from solar farms. Stationary fuel cells have become more feasible as the industry is able to move beyond platinum catalysts.
More Information on Stationary Fuel Cells Market: http://www.radiantinsights.com/research/stationary-fuel-cells-market
Key Topics Covered:
- Stationary Fuel Cell Market Driving Forces
- Platinum Catalysts
- Stationary Fuel Cell Market Forecasts
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