A company called Alkaline Fuel Cell Power” is working on a prototype of a 4kW hydrogen fuel cell system, planned to go into production in 2024. Hydrogen fuel cells are small power stations which generate electricity and an equivalent amount of heat for various applications.
Renewable hydrogen energy is a big deal; hundreds of billions of euros are projected to be invested in this technology sector by 2050 in Europe alone. The current energy storage technology solutions comparable to those of Alkaline Fuel Cell Power are too expensive for adoption for residential purposes. The design of Alkaline Fuel Cell Power micro-CHPs has lower material costs than what is currently available, thus making it a better fit for the consumer market. Alkaline Fuel Cell Power’s designs also allow for a high volume of production.
The hydrogen industry is growing rapidly, analysts estimate that clean hydrogen could make up 24% of world energy demand by 2050. The annual sales for hydrogen are projected to reach €630 billion by 2050. The current hydrogen adoption is low, partly due to the currently available fuel cells’ high price point. Alkaline Fuel Cell Power developments use mostly graphite and nickel, instead of more expensive materials, to make then more viable for the residential and small-to-medium sized power markets.
Hydrogen fuel cells require no combustion process, are virtually silent, don’t vibrate, and only produce water as a by-product. Clean energy has become a critical concern in Europe with legislation and capital providers demanding action and hydrogen fuel cells could be the solution. The demand for zero emission technology is already outpacing supply because the current technology is inadequate to meet market needs. Alkaline Fuel Cell Power’s developments are designed to fill the increasing consumer demand trend for clean energy using unique and competitive component design that stands out from other manufacturers.