NEW YORK, April 8, 2014 /PRNewswire/ -- FuelCell Energy,
Inc. (NASDAQ: FCEL) a rising star in the fuel cell industry is the
subject of an analyst report. The fuel cell industry is still in
its infancy and represents huge potential in the coming years as
the acceptance of various forms of alternative energy grows. Since
fuel cell-powered engines do not burn fuel, they are an efficient,
quiet, and pollution-free alternative to combustion engines.
Advancements in technology through research and development,
coupled with the declining prices of fuel cells, are expected to
further promote the market for fuel cells going forward. There are
six main fuel cell technology types: proton exchange membrane fuel
cells direct methanol fuel cells, phosphoric acid fuel cells,
molten carbonate fuel cells, solid oxide fuel cells and alkaline
fuel cells. Among the various types, PEMFC is currently the most
popular with regards to unit shipments due to its suitability for
use in both small and large scales and wider acceptance across
various applications. In terms of megawatts (MW), however, the
three most popular types are split amongst PEMFC, MCFC and SOFC,
where the contribution from the latter two is mostly due to their
use in the stationary sector in large-scale prime power plants. In
fact, it was estimated by FuelCell in their "Industry Review 2013"
report that MCFC was expected to overtake PEMFC in 2013 for the
first time in terms of annual MW shipped with about 43% of the
annual total.
The main public company commercializing molten carbonate fuel
cells is FuelCell Energy (FCEL), which designs, manufactures,
sells, installs, operates, and services its fuel cells mostly in
stationary power markets for distributed generation and combined
heat and power (CHP). The company has sold hundreds of megawatts of
its Direct FuelCell (DFC) power plants, which produce electricity
and heat electrochemically using various fuels such as natural gas,
methanol, diesel, biogas, coal gas, coal mine methane, and
propane. The company markets its products to electric
utilities, commercial and industrial companies, universities,
municipalities, government entities, and other customers around the
world. It currently operates plants in approximately 50 locations
worldwide, and has strategic partnerships with POSCO Energy
(Korea), Enbridge Inc (Canada),
Abengoa (Spain), and NRG Energy
(US).
A full in-depth analyst report on FCEL that includes risk
factors, industry review, financial position, potential revenues,
review of current business model, competition breakdown, analyst
summary, and recommendation can be viewed by using the following
link at no cost:
http://bit.ly/FCEL-AnalystReport
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