Alkaline Fuel Cell Power to Develop Innovative and Cost-Effective Hydrogen Fuel Cells
Europe is seeing an enormous amount of capital invested in hydrogen, with cumulative investments in renewable hydrogen estimated to be in the €180-470 billion range by 2050, and in the range of €3-18 billion for low-carbon fossil-based hydrogen. Clean energy has become a critical concern in Europe and legislation and capital providers are demanding action. Hydrogen is the optimal option for storing green energy for most applications and can be produced from water through electrolysis, which can use renewable energy for an absolutely clean production. This is while residential electricity prices are continuously rising in the US projected to go up by nearly 17% by 2031.
The current demand for zero-emission technology is not being met especially in the residential market due to the lack of adequate technology currently available to fulfil it. A hydrogen fuel cell company called Alkaline Fuel Cell Power is attempting to change this through low component material costs to make residential adoption more viable than what is currently attainable for competing energy storage solutions. Alkaline Fuel Cell Power is developing a working prototype of their 4kW system design and plans to make them available for purchase in 2024. Alkaline Fuel Cell Power’s fuel cells are designed specifically to meet the requirements and price range of residential buyers. Alkaline Fuel Cell Power’s price leading fuel cell manufacturing technology also allows for high production volume.
Hydrogen fuel cells like those by Alkaline Fuel Cell Power take in hydrogen and provide electricity and heat as well as a small amount of water as a by-product. They can provide backup power when the electric grid foes down or serve as a replacement for it during peak hours. The electrical grid connection can also be replaced by a hydrogen fuel cell entirely.
There is a lot of potential for hydrogen as a source of energy despite of its low current adoption. Governments all over the world are investing in its future. Hydrogen demand around the world has been steadily increasing, having tripled since 1975, and continues to grow to this day. Analysts estimate clean hydrogen could meet 24% of world energy demand by 2050.
