Co-Gen: The Key To Fuel Cell Commercialization
According to a recent report by Frost & Sullivan, the European Stationary Fuel Cells Market should reach commercialization by the end of the decade and be worth $197 million.
"Fuel cells will play a pivotal role in the European energy industry in the future due to their high electrical efficiencies as well as their environment-friendly profile," said Frost & Sullivan Research Analyst Hema Sarathy. "Threats over the security of fuel supply coupled with increasing concern about air pollution and emission control are strengthening the case in favor of fuel cells as a preferred form of distributed generation technology."
Fuel cells can have electrical efficiencies between 40 to 49 percent, while their competitors have electrical efficiencies of 30 to 35 percent. Moreover, when in a cogeneration mode, fuel cell systems can reach electrical efficiencies of 80 to 85 percent. That higher efficiency will help combined heat and power (CHP)- based fuel cell systems to boost the expansion of the stationary fuel cell market, the report notes.
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