Stationary Fuel Cells Market expected to grow at a CAGR of 20.0% by 2026 – Altergy,Ballard Power,Bloom Energy, Doosan PureCell America, FuelCell Energy, Fuji Electric, JX Nippon, Panasonic
According to Publisher, the Global Stationary Fuel Cells Market is expected to grow at a CAGR of 20.0% during the forecast period. Some of the key factors boosting the market are the adoption of distributed energy generation, various initiatives and favorable policies by governments supporting the use of sustainable energy. However, a conventional fuel such as oil or gas hampers the market growth of stationary fuel cells market.
An electrochemical cell that produces electricity through electrochemical reaction of hydrogen fuel with oxygen is known as fuel cell. Stationary fuel cells are fuel cells which are linked to an electric grid to deliver emergency and supplemental power or setup as independent grid generator for daily use. Fuel cells require a constant source of oxygen (air) and fuel to support the chemical reaction
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Some of the key players in Global Stationary Fuel Cells market are Altergy, Ballard Power, Bloom Energy, Doosan PureCell America, FuelCell Energy, Fuji Electric, JX Nippon, Panasonic, Plug Power, POSCO ENERGY, Siemens, SOLID power and Toshiba.
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