Hydrogen and Fuel Cells Industry News

Hydrogen is not an energy source, but an energy carrier because it takes a great deal of energy to extract it from water. It is useful as a compact energy source in fuel cells and batteries. Many companies are working hard to develop technologies that can efficiently exploit the potential of hydrogen energy.

Governments around the world are recognising fuel cells and hydrogen as promising areas of future economic growth and job creation, prompting increased investment in this dynamically developing sector. It is expected that the world fuel cell market might be valued at more than $26 billion (USD) by 2020 and $180 billion by 2050. Looking ahead, fuel cell and hydrogen technologies will offer employment opportunities in a wide range of industries. The growth of fuel cell applications for material handling, portable, backup and stationary power are expected to generate a range of new jobs in the near term.

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