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Stationary fuel cells market hit a value of $793.7 million in 2012

Press Release   •   Dec 12, 2013 11:27 GMT

The stationary fuel cells market has been forecast to reach a value of $9.6 billion by the end of 2019, increasing from a total of approximately $793.7 million at the end of 2012.

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.

Stationary fuel cells are units which provide electricity (and sometimes heat) but are not designed to be moved. They represent the base for distributed power generation worldwide. No more new coal plants, no mare extensions to the grid.

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 and they threaten to erode utility profitability.

Generating power on-site, rather than centrally, eliminates the cost, complexity, interdependencies, and inefficiencies associated with energy transmission and distribution. Distributed energy is evolving in a manner like distributed PC and laptop computing, cars for transportation, and smart phones.

As distributed Internet data and telephony have found a place in the market, so also will distributed energy generation become widespread.

Stationary fuel cells are likely to function as a battery in the long term, creating a way to use hydrogen that is manufactured from the renewable energy sources.

It is likely that the wind, solar, and tide energy will be transported as electricity to a location where the hydrogen can be manufactured.

For more information on the stationary fuel cells market, see the latest research: Stationary Fuel Cells Market

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