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FuelCell Energy, Inc.
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== Traction of Hydrogen produced by Fuel Cell Energy == It should be noted that Fuel Cell Energy solid oxide electrolysis with a ceramic membrane has the potential to be completely green if operated with renewable energy but arent in all cases supplied this way. The company started selling these fuel cells significantly in 2018. * 2018 operating capacity of 11.2 MW, ones in process of being made 83.1 * 2019 operating capacity of 26.1 MW, percentage change from previus year: 133%. Ones in process of being made 47.1 * 2020 operating capacity of 32.6 MW, percentage change from previus year: 25%. Ones in process of being made 40.7 * 2021 operating capacity of 34 MW, percentage change from previus year: 4.3%. Ones in process of being made 41.3 * 2022 operating capacity of 36.3 MW, percentage change from previus year: 6.8%. Ones in process of being made 26.8 Fuel Cell energy have over the last 5 years led a greater transition to their solid oxide electrolysis via a ceramic membrane. This is why there is extremely strong growth in 2019 and 2020. The last two years have, however, fallen below the industry growth rate of 8.8% (https://www.grandviewresearch.com/industry-analysis/hydrogen-generation-market). Furthermore, the reduced growth that started in 2021 was not explained or justified in the their accounts. It is thus likely growth in the next 10 years will be more or less in line with industry growth and the larger growth phase between 2018 to 2020 was due to the initial development of their fuel cell systems.
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