DOE Releases New Fuel Cell Technologies Market Report

In a week-long celebration of National Hydrogen and Fuel Cell Day, aptly designated October 8, for the atomic weight of hydrogen (1.008), the U.S. Department of Energy (DOE) issued a detailed report documenting growth and opportunities in the fuel cell industry. As shown in the report, hydrogen and fuel cells can enable a more resilient and secure energy future for the United States and offer benefits across multiple sectors.

Findings of this year’s Fuel Cell Technologies Market Report position stationary power, backup power, and material handling equipment as some of the largest markets and transportation and energy storage as emerging sectors for hydrogen and fuel cells with approximately 62,000 fuel cells and 500 MW in fuel cell power shipped worldwide in 2016, representing more than double the capacity of shipments in megawatts compared to 2014. The largest growth in capacity—nearly triple—occurred in the transportation sector, and that growth can be attributed to the introduction and expansion of fuel cell light-duty vehicles from Japan and Korea to new regions around the world, including in the United States. Industry revenues in the emerging fuel cell industry topped $1.6 billion in 2016 alone.

Find more information in this new fuel cell and hydrogen report.