Solid oxide fuel cells (SOFCs) will emerge as the preferred fuel cell technology for distributed generation, following consistent research and development efforts, according to analysis from Frost & Sullivan: Solid Oxide Fuel Cells in Europe: a Strategic Review. The company suggests that SOFCs are likely to reach commercialization in Europe between 2010 and 2012 and that the market is estimated to reach about US$61 million in the first year of commercialization.
Consistent R&D efforts are expected to yield dividends as fuel cells emerge as the preferred distributed generation technology, and play a dominant role in redefining the European energy industry in the future. So says a new report from Frost & Sullivan, which goes on to suggest that the European stationary fuel cells market will achieve commercialization by the end of this decade.
Alstom award: Frost & Sullivan has presented Alstom's Power Service Sector with its Growth Strategy Leadership Award for exhibiting an outstanding growth strategy in the Asian power plant services market.
Frost & Sullivan announces ABB Inc. has been awarded the 2001 Market Engineering Internet E-Commerce Innovation Award for its Energy Profiler Online (EPO). Frost & Sullivan is presenting the award to ABB Inc. at the DistribuTECH conference in Miami today.
Latin American governments have begun to implement major rural renewable energy projects to bring electricity to the 75 million people that live beyond the reach of current transmission grids, according to industry analysts Frost & Sullivan.