DOE Releases Annual Market Reports for Wind Energy, Advanced Vehicles, and Fuel Cell Technology
July 13, 2011
On July 12, the U.S. Department of Energy (DOE) released three 2010 market reports which detail the market conditions and trends for wind energy, advanced vehicles, and fuel cell technologies. Taken together, these three market reports illustrate growth in deployment and manufacturing across all three technologies—improving the nation’s global competitiveness in the clean energy economy and creating clean tech jobs for U.S. workers.
The 2010 Fuel Cell Technologies Market Report, produced by the Breakthrough Technologies Institute, provides an overview of trends in the fuel cell industry, including product shipments, market development, and corporate performance. The report indicates continued growth in commercial deployments, especially material handling equipment like forklifts and lift trucks, combined heat and power (CHP), and back‐up and auxiliary power unit (APU) applications. The report shows that fuel cell costs continue to fall, noting that the high-volume cost of automotive fuel cells declined to $51 per kilowatt, an 80% reduction since 2002. Commercial sales continue to grow as the number of fuel cell units shipped from North America quadrupled between 2008 and 2010. With increasing market penetration, falling costs, and significant improvements in performance and durability, positive trends in the fuel cells market are expected to continue into 2011 and beyond.
Read more in the July 12 EERE Progress Alert.