Fuel cell industry rejoices as tax credits return

Fuel Cell Industry - Tax Credit - US Dollars

State lawmakers praise the reintroduction of tax credits Political leaders in Connecticut are celebrating the return of tax credits for the fuel cell industry. Fuel cell developers are also praising the return of the tax credits, as they may open up many new opportunities in the coming years. The tax credits were not a part of a budget plan adopted in 2015. The plan instead showed favor for the solar and wind power industries, which drew the ire of fuel cell developers throughout the country. State’s fuel cell industry is…

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Fuel cell industry praises reinstatement of federal tax credits

Fuel Cell Industry - Tax Credit - US Cash

Federal tax credits have been restored through the Bipartisan Budget Act The U.S. fuel cell industry received good news late last week thanks to the Bipartisan Budget Act of 2018. The legislation enacted new tax provisions for some sectors and also reinstated the investment tax credit that was focused on fuel cell technology. The industry saw these tax credits expunged in 2015 in favor of credits favoring solar and wind energy. With the credits reinstated, fuel cell developers see a promising future ahead. FuelCell Energy sees promise in federal policies…

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HyperSolar makes a breakthrough with its hydrogen production technology

Hydrogen Production - University of Iowa Campus

Catalyst improvements could help make hydrogen production more efficient HyperSolar, a prominent hydrogen technology company, has announced a major breakthrough with its catalyst technology. The company has made improvements to its 3D oxygen catalyst, which could make hydrogen production through the use of solar energy even more efficient. This improvement could help make fuel cells significantly more attractive in the coming years. By further optimizing fuel cell catalysts, HyperSolar could help add further momentum to the rapidly growing fuel cell industry. HyperSolar develops a stable oxygen catalyst The amount of…

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Ballard fights back against report concerning its success with Chinese fuel cells

Fuel Cells Success in China - Stocks

Report suggests that Ballard’s stock gains in 2017 may be unwarranted Ballard Power Systems, a leading developer of fuel cell technology, is fighting back against a recent report from Spruce Grove Capital. The report claimed that Ballard’s stock gains throughout 2017 were unwarranted. This lead to a 22% drop in the company’s shares in the week following the report. Now, Ballard has released its own statement, showing that it is on track to generate more than $120 million in revenue during the 2017 fiscal year. Report predicts failure for Ballard…

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Fuel cell industry faces challenges but could have a promising future

The fuel cell industry is growing despite the challenges it faces The global fuel cell industry experienced healthy growth in 2017, but it still faces significant challenges in the years to come. E4tech, a sustainable energy consultancy firm, estimates that the industry shipped some 670 megawatts worth of fuel cells last year. This is a 30% increase over the capacity that was shipped in 2016. In 2018, this capacity may reach approximately 1,000 megawatts. Despite this promising growth, fuel cells account for an extremely small percentage of all renewable energy…

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Demand for hydrogen fuel cells is on the rise in China

Fuel Cells - Cars in China

Chinese fuel cell market is growing quickly China’s fuel cell industry is showing healthy signs of growth. These energy systems have managed to attract a great deal of attention due to their performance capabilities and the growing need for renewable power. In 2017, fuel cells found the majority of their growth, with several new fuel cell systems and hydrogen-powered vehicles coming to the country. The growing demand for hydrogen fuel cells has proven beneficial for companies like Ballard Power Systems, which has established a foothold in the Chinese market. Falling…

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Fuel cell industry convention to be held in Long Beach this year

Fuel Cell Industry - Image of Long Beach California

Fuel Cell Seminar & Exposition will take place in Long Beach, California One of the largest hydrogen-centric conventions will be held in Long Beach, California, this year. The Fuel Cell Seminar & Exposition will be home to the largest display of fuel cell technology as well as the companies behind these energy systems. The event will highlight the significant progress that the fuel cell industry has made in recent years. The industry has managed to generate a great deal of momentum due to technological advances and a growing focus on…

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Nisshinbo catalyst could be a boon for the fuel cell industry

Nisshinbo Holdings - Fuel Cell Industry

New catalyst could lead to less expensive fuel cell systems Nisshinbo Holdings is working to commercialize its first platinum-free fuel cell catalyst. If successful, the Japanese company will be among the first to bring such a catalyst to the market. The new catalyst could have a major impact on the fuel cell industry as a whole. The catalyst may be able to make fuel cells significantly more affordable, thereby increasing their attractiveness to those interested in clean technology and renewable energy. Company hopes to help fuel cells become more attractive…

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Fuel cell industry to benefit from new legislation in Connecticut

Fuel Cell Industry Legislation - Connecticut State Capitol Building

Legislation could help the fuel cell industry expand New legislation in Connecticut could have a major impact on the fuel cell industry. The legislation allows state utilities to purchase as much as 30 megawatts of fuel cell systems and encourages the use of fuel cell power plants in order to distribute electrical power. The legislation has been praised by FuelCell Energy, a developer of hydrogen fuel cells based in Connecticut. The legislation is expected to lead to a higher adoption of fuel cells in the state. Fuel cells may help…

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AFC Energy sets sights on commercialization of its hydrogen fuel cells

Hydrogen Fuel Cells - Commercialization

Developer has major plans for successfully commercializing hydrogen fuel cells AFC Energy, a prominent developer of hydrogen fuel cells, has announced that it will begin its commercialization phase this year. Earlier this month, the company made its first commercial sale and now believes that it is in a prime position to continue its commercialization plans. Chairman Tim Yeo has high hopes for 2017, believing that this year AFC Energy will see major success with its ambitious initiatives. Support for fuel cells continues to grow Last year, hydrogen fuel cells began…

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Fuel cell industry sees promise in Connecticut

Fuel Cell Industry - Renewable Energy

State could bring more momentum to the fuel cell industry The fuel cell industry may find much more support in Connecticut in the coming years. The state has already shown favor for fuel cells in the past, but a growing number of government officials are beginning to praise fuel cells and their ability to generate electrical power. The Connecticut Center for Advanced Technology notes that hydrogen fuel cells are reliable energy systems. When electricity is needed, fuel cells can provide this power immediately, unlike the intermittent nature of solar panels…

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Ballard reaches major milestone with its fuel cell systems

Fuel Cell Systems - Goal Reached

Ballard helps power more than 10 kilometers of travel Ballard Power Systems, a leading developer of fuel cells, has become the first company to power buses for more than 10 million cumulative kilometers. This represents a major milestone for the fuel cell industry, which has become heavily involved in public transportation. This was achieved through the use of seven generations of Ballard’s fuel cell systems, which have been used in buses in 15 countries throughout the world over the past 10 years. Fuel cell systems are being used to power…

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Fuel cell industry shows promise for growth, despite several challenges

Fuel Cell Industry Growth

Fuel cell companies in Connecticut could have a bright future regardless of setbacks they face Connecticut is home to many of the largest and most successful fuel cell developers in the United States and Joel Rinebold, chairman of the Northeast Electrochemical Energy Storage Cluster, believes that fuel cell industry in the state can experience strong growth despite recent setbacks. While fuel cell companies have had a generally favorable 2016, the fuel cell industry has encountered its fair share of challenges over the past year. Regardless of these issues, however, the…

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Global fuel cell market expected to see growth through 2020

Fuel Cell Industry Growth

Report highlights the growing fuel cell market The fuel cell industry is expected to experience healthy growth over the coming years, according to a new report offered by MarketResearchReports. The report highlights the trends that are powering the growth of the fuel cell market. One of the most impactful of these trends is the availability of government initiatives that aim to aid the adoption of clean vehicles equipped with hydrogen fuel cells. Fuel cells have become particularly popular in the transportation space due to such initiatives. Fuel cell vehicles are…

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Germany to invest in fuel cell vehicles

German government will be showing more support for fuel cell vehicles Germany is set to invest more heavily in clean transportation, particularly where fuel cell vehicles are concerned. Germany’s Transport Minister, Alexander Dobrindt, has announced that a series of subsidies will be introduced to aid in the adoption of fuel cell vehicles throughout the country. The subsidies include some $350 million in financial aid from the German government, which will be made available at some point in 2019. The subsidies are meant to make fuel cell vehicles more popular among…

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Three states lead the development of hydrogen fuel cells

Department of Energy releases new report showing the three states where hydrogen fuel cells are thriving The U.S. Department of Energy’s Fuel Cell Technologies Office has announced that three states rank highest in terms of fuel cell industry activity. The agency is now seeking stakeholder feedback concerning this activity and how to best facilitate further growth. The Fuel Cell Technologies Office has released a new report showing that California, Connecticut, and New York. Of these, California is home to the largest number of stationary fuel cells in operation. Report highlights…

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