fuel cell market News

FuelCell Energy raises $117m to advance business goals - H2 View

FuelCell Energy has raised approximately $177m to advance its business growth goals within the hydrogen and fuel cell market. In a recent announcement, the Connecticut-based company said it’s dedicated to growing its platform and sales pipeline of opportunities in South Korean and Asian Markets, something that the new capital will push forward. FuelCell Energy is also continuing to ...

Oct. 8, 2020

By FuelCell Energy Inc.

Fuel Cells Market Exceeds $1.3 Billion in Worldwide Sales

The market for fuel cells is growing, exceeding $1.3 billion in worldwide sales during 2013, according to a recently released report from the Fuel Cell Technologies Office (FCTO). The 2014 "Business Case for Fuel Cells" report, written and compiled by Jennifer Gangi and Sandra Curtin of Breakthrough Technologies Institute (BTI) with support from FCTO, provides an overview of fuel cell ...

Dec. 1, 2014

By US Department of Energy

More than 1.2 Million Stationary Fuel Cell Systems Will be Shipped Annually by 2022

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. The stationary fuel cell sector represented more than 70 percent of global fuel cell revenue at the beginning of 2014, and is expected to continue to lead the overall fuel cell market in ...

Jun. 17, 2014

By Navigant Consulting, Inc. (NCI)

More Than 1.5 Million Fuel Cell Systems Are Expected to be Shipped Annually by 2023

A new report from Navigant Research provides a global analysis of major developments and trends in the fuel cell industry, including global market forecasts for fuel cell systems and capacity shipped and system revenue through 2023. 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 ...

Oct. 9, 2014

By Navigant Consulting, Inc. (NCI)

As Global Advanced Batteries Market Doubles to $20.8 Billion in 2020, Zero-Emission Fuel Cells will be Most Sought, But High Costs and Budget Constraints Hinder Growth

A new report forecasts the global advanced batteries market will grow from $9.5 billion in 2012 to reach $20.8 billion in 2020. One of the key drivers for the advanced battery industry is that it is an environmentally-friendly technology with fewer pollution and disposal issues than other technologies. In recent years, substantial progress has been made in the market for advanced batteries, ...

Mar. 26, 2013

By Global Information, Inc. (GII)

Frost & Sullivan forecasts accelerated growth for European stationary fuel cells

Innovative developments in the European stationary fuel cell market are shaping an optimistic future for the industry. There is a growing interest in many European countries to adopt this 'zero-emission' technology across various applications. Boosted by this need of sustainable solutions, the fuel cell market is transitioning from validation to the pre-commercialisation stage. Frost & ...

Apr. 13, 2010

By Frost & Sullivan

New Market Research Reveals What Production and Use of Solar Fuels Could Look Like

The sun delivers more energy to the earth in one hour than civilization currently uses from fossil fuels, nuclear power and all renewable energy sources combined in a year. This solar energy can be captured and stored directly in the chemical bonds of a material, or fuel, and then used when needed. These chemical fuels, in which energy from the sun has deliberately been stored, are called solar ...

Mar. 5, 2013

By Global Information, Inc. (GII)

Japanese & South Korean Automakers to Commercialize Fuel Cell Electric Vehicles by 2015, Says Frost & Sullivan

Both Japanese and South Korean automakers are optimistic about commercializing fuel cell electric vehicles by 2015, says Frost & Sullivan. Mr. Vijayendra Rao, Research Manager at Frost & Sullivan Automotive & Transportation Practice, Asia Pacificsaid that in 2011, the market for fuel cell electric vehicles in Japanand South Koreais limited to concept cars or fuel cell electric ...

Dec. 6, 2012

By Frost & Sullivan

Energy Dept. Reports: U.S. Fuel Cell Market Production and Deployment Continues Strong Growth

The Energy Department has released three new reports showcasing strong growth across the U.S. fuel cell and hydrogen technologies market – continuing America’s leadership in clean energy innovation and providing U.S. businesses more affordable, cleaner transportation and power options. According to these reports, the United States continues to be one of the world’s largest and ...

Dec. 19, 2013

By US Department of Energy

Ballard to Participate on the Bloomberg Markets Spotlight Virtual Platform

Ballard Power Systems (TSX: BLD) (NASDAQ: BLDP) announced that Tony Guglielmin, Chief Financial Officer will participate on the Bloomberg Markets Spotlight virtual platform, launching September 1, 2011. Mr. Guglielmin will provide an update on Ballard's business and discuss strategy in relation to key fuel cell growth markets. A link to the audio and slide webcast will be available on the ...

Aug. 30, 2011

By Ballard Power Systems Inc.

Energy Department Invests More than $3 Million to Advance U.S. Competitiveness in the Fuel Cell Market

In support of President Obama's all-of-the-above energy strategy, the Energy Department today awarded more than $3 million to Connecticut-based FuelCell Energy for a project that could increase U.S. competitiveness in the fuel cell market and give businesses more affordable, cleaner power options. This project will enhance the performance, increase the lifespan, and decrease the cost of ...

Apr. 8, 2014

By US Department of Energy

Bringing Fuel Cell Technology to the Home

Ballard Power Systems has announced signing of an agreement with Anglo American Platinum Limited under which Anglo American Platinum will invest $4 million in Ballard through its PGM Development Fund, to support continued commercial advancement of the Company's fuel cell products in target market applications. Anglo American Platinum's interest in the growth of fuel cell market adoption extends ...

Mar. 3, 2013

By GLOBE SERIES

DOE Releases 2013 Fuel Cell Technologies Market Report

The Energy Department today released the 2013 Fuel Cell Technologies Market Report, detailing trends in the U.S. fuel cell and hydrogen technologies market. The report highlights continued growth in fuel cell commercial deployments, including material handling equipment such as forklifts as well as combined heat and power systems and back-up and auxiliary power units. More than 35,000 fuel cell ...

Nov. 12, 2014

By US Department of Energy

Fuel Cell Systems Annual Revenue Surpassed $1.3 Billion in 2012

Driven, in part, by the increased incidence of major natural disasters the fuel cell industry is enjoying a resurgence. Rising demand and new policy initiatives from a variety of countries such as China, South Korea, and South Africa made 2012 a pivotal year for the fuel cell market. Click to tweet: According to a recent report from Navigant Research, the industry topped the $1 billion mark in ...

Nov. 22, 2013

By Navigant Consulting, Inc. (NCI)

IntertechPira to produce Fuel Cell Early Markets event in conjunction with Core Technology Ventures Services

PORTLAND, Maine – IntertechPira is pleased to announce its partnership with Core Technology Ventures Services to organize a new event: Fuel Cell Early Markets 2007: Policy, Finance, & Applications to be held 11-12 June, 2007. Fuel Cell Early Markets 2007 will be held in Brussels, Belgium – the heart of the European community and the perfect location for this unique event, which seeks to ...

Feb. 8, 2007

By Smithers Rapra

More than 28,000 fuel cell systems were shipped in 2012

Driven by the increased worldwide focus on creating resilient, distributed energy systems, the fuel cell industry is experiencing a modest growth spurt. 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, according to a ...

Aug. 13, 2013

By Navigant Consulting, Inc. (NCI)

Energy Department Announces $35 Million to Advance Fuel Cell and Hydrogen Technologies

The Energy Department today announced up to $35 million in available funding to advance fuel cell and hydrogen technologies, and enable early adoption of fuel cell applications, such as light duty fuel cell electric vehicles (FCEVs). This funding opportunity will accelerate American innovation in hydrogen and fuel cell technologies by supporting research and development advancements in ...

Mar. 3, 2015

By US Department of Energy

Energy Department Invests More than $20 Million to Advance Fuel Cell Technologies as New Report Shows Unprecedented Growth in Industry

The Energy Department announced today a new report that shows the fuel cell industry is continuing to grow at an unprecedented rate, totaling more than $2.2 billion in sales in 2014. In order to further expand on this emerging market, the Department also announced today the investment of more than $20 million in 10 projects to advance fuel cell and hydrogen technologies, and enable early adoption ...

Oct. 9, 2015

By US Department of Energy

Ballard to advance non-automotive fuel cell commercialization

CNW - Ballard Power Systems has received $6.2 million in project funding from the U.S. Department of Energy (DOE) under contract over a four year period. Ballard Material Products, a U.S. subsidiary of Ballard Power Systems, was awarded $4.1 million as prime for a contract that will focus on improvements in fuel cell durability and cost. Additionally, Ballard will be sub-contractor to leading ...

Mar. 10, 2010

By GLOBE SERIES

Carbon Trust launches UK bid for breakthrough in fuel cell technology

The Carbon Trust is launching a UK bid for a breakthrough in fuel cell technology, which could open up a global fuel cell market worth over $180 billion by 2050, according to new analysis. The “Polymer Fuel Cells Challenge” aims to accelerate the commercialisation of breakthrough UK technology that could see the mainstream cost effective (mass) production of fuel cell powered cars and buses, ...

Oct. 13, 2009

By Carbon Trust