Boston, MA 04/24/2014 (wallstreetpr) – Fuel Cell Energy Inc (NASDAQ:FCEL) is into ultra-clean power and renewable power. The company for industrial use is developing an onsite hydrogen generation Direct Fuel Cell power plant. Variety of fuel can be used, and that fuel can be sourced from food processing and clean natural gas; by doing so the cost of production of hydrogen can be lowered enormously. By sourcing hydrogen from waste higher return on investment can be achieved. Market for these types of power plant is estimated around $1.6 billion
Clean Energy:
The energy demand is ever increasing and if that energy can be produced with less cost, using the waste products and minimum damage to the environment that is certainly the way forward. Clean energy is the need of the hour and companies are becoming more aware, and companies want to decrease their greenhouse emissions without incurring additional cost should embrace fuel cell technology.
Fuel Cell Energy Inc (NASDAQ:FCEL) is already a leader in fuel cell technology, in coming day it will be in the forefront by providing clean energy to the companies.
Government Help:
Fuel Cell Energy Inc (NASDAQ:FCEL) got vote of confidence from the fuel cell industry, for receiving money from the U.S Energy Department. $3 million was given to FCEL by energy department for upgrading its technology in fuel cell so those can be used in the vehicle.
Tesla Motors Inc (NASDAQ:TSLA) is a leader in electric cars and day by day the popularity of electric cars is increasing and need for improved fuel cell is there. Tesla Motor is also planning to make a big battery plant where the fuel cells will need. Fuel Cell Energy Inc (NASDAQ:FCEL) stands to benefit for the increasing demand for the electric cars; also some companies are using fuel cells power there forklifts.
