The annual manufacturing capacity will grow from about 1.3GW at the end of this year to 104.6GW by 2031 — an increase of almost 8,000%, with a compound annual growth rate (CAGR) of 62.6%, the US-based company says in its study, Market Data: Electrolyzers.
In a new study published in Nature Communications, the researchers report that reversible fuel cells can be an economically viable source of backup electricity during periods of surging prices, such as Texas experienced in 2021 when winter storms knocked out power plants fueled by natural gas. By being able to switch directions, the study finds, the entire system can run…
All of the pieces to this zero-emissions puzzle are in place to enable the transition to fuel cells and battery vehicles. What remains is methodically fitting the policy and industry pieces together to scale up and ensure the transition is as smooth as possible.
Plug Power Inc. today announced an agreement with Walmart Inc. (NYSE: WMT) for an option to deliver up to 20 tons per day of liquid green hydrogen to power material handling lift trucks across Walmart distribution and fulfillment centers in the U.S., marking an additional step the retailer is taking to incorporate alternative zero-carbon energy sources throughout Walmart’s supply chain…