Bloom Energy
Corporation, a California-based manufacturer in the stationary fuel cell
systems market, recently announced that it will receive a project funding of
over US$ 100 million from Key Equipment Finance, a bank-held equipment finance
company.
The stationary
fuel cell systems market will record a hefty 17.9% y-o-y over 2018 to reach
over US$ 2,159 million by the end of 2019, reveals a recent market study
published by Fact.MR. The study offers a holistic assessment on various market
dynamics and macro and micro-economic factors that are influencing adoption of stationary
fuel cell systems in various industrial verticals.
Combined
heat and power (CHP) or cogeneration is one of the most common applications of
stationary fuel cell systems, which accounted for the largest revenue share of
over 45% in 2018, according to the Fact.MR study.
“CHP is one
of the most commonly used stationary power generation systems installed to
generate electricity as well as heat. In the modern days, fuel cells are widely
used in the manufacturing of CHP, which acts of the leading driving force for
the growth of the stationary fuel cell systems market,” said a lead analyst at
Fact.MR.
“When
stationary fuel cell systems are incorporated in CHP, it offers extraordinary
benefits in terms of efficiency, sustainability, reliability, and
cost-efficiency.
As compared
to conventional power generation methods, which commonly involve combustion
engines, CHP is considered environment-friendly and highly efficient, which is
boosting adoption of stationary fuel cell systems among CHP manufacturers
across the world.”
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Apart from
the efficiency- and sustainability-related benefits of incorporating stationary
fuel cell systems in CHP, subsidies and incentives offered by governing bodies
in various regions is providing a fillip to the global demand for stationary
fuel cell systems in the CHP industrial sector.
For example,
the U.S. Environmental Protection Agency (EPA) removed policy barriers for CHP
projects in the region, and it is establishing partnerships with CHP
stakeholders to provide them with necessary resources, tools, and policy
information.
The positive
growth environments for CHP applications in various regions is expected to
generate most lucrative opportunities for players in the stationary fuel cell
systems market. Consumers’ awareness and favorable regularity framework for CHP
is expected to make it the most popular application of stationary fuel cell
systems in the upcoming years.
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20852
United
States
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(628) 251-1583
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