Energy consultancy E4tech has today launched a new report which highlights that 2019 saw the global hydrogen fuel sector add more than 1GW of new capacity for the first time.
Fuel Cell Industry Review 2019 reveals that approximately 1.1GW of fuel cell capacity shipped worldwide – up 40% on 2018.
Now in its sixth year, E4tech’s report examines the sector by fuel cell type, application and geography to provide an overview of an industry that is poised for rapid growth as we enter the 2020s.
The driving force for the market continues to be fuel cell vehicles, led by Japan’s Toyota and South Korea’s Hyundai.
Between them, these two companies account for two thirds of 2019’s shipped fuel cell capacity, and when you factor in burgeoning bus, truck and van markets, vehicles account for over 900 MW of the 1.1GW total.
The remainder consists of stationary systems – of which US and Korean power generation units make up the bulk – and tens of thousands of Japanese CHP units installed in apartments.
“There is a real sense that the industry is on the cusp of something great,” David Hart, Director of Fuel Cells & Hydrogen at E4tech.
“Fuel cells are proven from a technical perspective, and blowing past the 1GW mark is a vindication of that.”
“Now, as we enter a new decade, the sector also enters a new stage, which will be characterised by rapid commercialisation and infrastructure build out.”
The full report can be downloaded here.
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