SophieHydrogen is becoming a popular cleaner alternative to conventional fuels, the current market size is estimated to be in the range of USD 120 billion. Over €400 billion is projected to be invested in Europe on new developments in this field by 2050. Unfortunately, at the moment, the demand for emission-free technology is outpacing supply as current technology is inadequate to meet market needs.
Alkaline Fuel Cell Power aims to produce hydrogen powered micro-CHP systems with zero CO2 emissions based on alkaline fuel cell technology. Currently Alkaline Fuel Cell Power is working to complete a prototype of a 4kW system and expects to have fuel cells available for commercial applications in 2024.
Although hydrogen adoption as an energy source is currently low, it has a bright future as a greener energy source. Alkaline Fuel Cell Power’s price leading fuel cell manufacturing technology is specifically designed to fill the increasing consumer demand trend for clean energy and allows for a high volume of production to meet the market demand.
In essence, hydrogen fuel cells are small power stations that convert hydrogen into electricity and heat with no harmful emissions. This is crucial because clean energy has become a critical concern in Europe and soon enough the rest of the world will follow. Legislation and capital providers are demanding action. There are big plans for hydrogen as an energy source. Analysts estimate clean hydrogen could meet nearly a quarter of the world energy demand by 2050.
Currently the energy storage solutions similar to the technology Alkaline Fuel Cell Power is developing are too expensive for adoption for residential purposes. However, the design of Alkaline Fuel Cell Power micro-CHPs has lower material costs than what is currently available, thus making it more viable for the consumer market. Common materials like nickel, graphite and plastic are used in the production process to lower the cost of the end product and make it more viable for the residential and small/medium sized power markets.
