Fuel cells are becoming an increasingly popular alternative to combustion engines for clean power generation as countries and industries emphasize prioritizing the reduction of greenhouse gas emissions while fossil fuel markets remain volatile.
The global fuel cell market was valued at close to $4 billion in 2020, and current research has projected that it could reach $32 billion by 2030. The transportation and power sectors are expected to drive a significant growth percentage as both have been early to adopting fuel cells. This includes major automotive manufacturers such as Toyota and Hyundai, who manufacture fuel-cell-powered cars. Others, such as GM, are investing in fuel-cell solutions that could charge fully electric vehicles.
Image Credit: Ulbrich Stainless Steels & Special Metals, Inc.
Compared to traditional combustion power, the advantages fuel cell…