New Report Shows Strong Growth in the Fuel Cell Market in 2011
September 6, 2012
The U.S. Department of Energy recently released a new report showing significant growth
for the fuel cell industry in 2011 and forecasting continued growth through 2012.
The 2011 Fuel Cell Technologies Market Report highlights continued growth in fuel cell commercial deployments, especially for material-handling
equipment like lift trucks, combined heat and power, and back-up and auxiliary power
unit applications. The report also finds increased use of power purchase agreements
in the stationary fuel cell market, enabling customers to purchase fuel cell power
and heat without owning the fuel cell itself. With increasing availability, falling
costs, and significant improvements in performance and durability, the report indicates
the fuel cell industry will continue growing through 2012 and beyond.