Editing FuelCell Energy, Inc.
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The main issue and cost currently is the high temperature needed for this process - at over 600 degrees celsius which is iteself a high cost to achieve and maintain (www.marketsandmarkets.com/Market-Reports/fuel-cell-generator-market-207434513.html). However, if placed next to industrial factories the heat could be taken from them leading to almost 100% efficiency. | The main issue and cost currently is the high temperature needed for this process - at over 600 degrees celsius which is iteself a high cost to achieve and maintain (www.marketsandmarkets.com/Market-Reports/fuel-cell-generator-market-207434513.html). However, if placed next to industrial factories the heat could be taken from them leading to almost 100% efficiency. | ||
Competitors to FuelCell energy are: Bloom Energy, Doosan Fuel Cell (from South Korea) | Competitors to FuelCell energy are: Bloom Energy, Doosan Fuel Cell (from South Korea) and Powercell Sweden AB | ||
The use of electrolysis to abstract hydrogen as opposed to the steam methane process is due to experience a 16% annual growth rate up to 2028 (www.businesswire.com/news/home/20190618005111/en/Navigant-Research-Report-Shows-the-Global-Market-for-Electrolyzers-is-Expected-to-Grow-at-16-Annually-Through-2028) | The use of electrolysis to abstract hydrogen as opposed to the steam methane process is due to experience a 16% annual growth rate up to 2028 (www.businesswire.com/news/home/20190618005111/en/Navigant-Research-Report-Shows-the-Global-Market-for-Electrolyzers-is-Expected-to-Grow-at-16-Annually-Through-2028) |