According to a report out in September this year published by
MarketsandMarkets, the global fuel cell industry is on-track to hit upwards of
$5.2B over the next five years, with unit shipments expected to climb roughly
244%. These extremely efficient and low-to-no environmental impact fuel cell
systems are essentially micro reactors, utilizing a variety of core processes
for energy generation:
• Proton exchange membrane
fuel cells (PEM) use a semi-permeable membrane that conducts protons and blocks
gasses like oxygen and hydrogen
• Molten carbonate fuel
cells (MCFC) use high-temperatures and electrolytes, and are currently being
developed primarily for standalone natural gas, biogas and coal-based
utility-scale applications
• Solid oxide fuel cells
(SOFC) use electrochemical conversion to produce electricity directly from
oxidizing a given fuel type
Navigant Research paints an even brighter picture of the global fuel cell
sector’s growth, with stationary fuel cell revenue seen as climbing from just
$1.4B last year, to around $40B by 2022. Fuel Cell Today’s 2013 industry review
shows fuel cell shipments grew 86% from 2011 to 2012, with the stationary
category leading the pack on a record-setting 166.7 MW shipped during 2012.
Stationary fuel cells were up 53% over the same interval to around 125 MW, with
portable power generation systems nearly tripling (up 174%), as Asia continued
to lead the sector overall, with approximately 61% of global consumption.
This is a relatively young but thriving space and fuel cells for
grid-scale power are increasingly seen as a disruptive technology in an energy
generation industry dominated by large utilities. The fuel cell production
sector is still characterized by being populated with a small number of
companies and just 20 key fuel cell players made up over 95% of all sector
revenue at the end of last year, with notable examples being companies like
Hydrogenics (NASDAQ:HYGS), Plug Power (NASDAQ:PLUG), Ballard (NASDAQ:BLDP), and
FuelCell Energy (NASDAQ:FCEL).
One of the more interesting up-and-comers in the space today is Dominovas
Energy (OTC:DNRG), whose patented RUBICON™ series SOFC (solid oxide fuel cell)
technology has a variety of distinctive features, like 50% plus
fuel-to-electricity efficiency, reduced emissions, silent operation, and being
ideal for distributed 100kW to multi-megawatt power array applications. The
company’s cost-effective, technologically advanced and clean design isn’t just
suited to a variety of standalone, multi-array and mega-watt distributed solutions,
though; it is also highly fuel flexible with the ability to substantially
reform a country’s existing resources. From diesel and biodiesel, to natural
gas and syngas, RUBICON™ is a fuel flexible powerhouse that can even be easily
integrated into fossil fuel-powered megawatt plants to improve the efficiency
of their fuel stock utilization, while also sharply reducing overall emissions.
Moreover, the company’s approach to energy generation itself is similarly
visionary, thanks in large part to the leadership of SOFC expert Shamiul Islam,
PhD., who is DNRG’s EVP of their Fuel Cell Operations division and who has long
been an advocate for the viability of SOFC platform solutions as a
transformative force in the world of multi-megawatt scale generation. The
company’s Distributed Energy Power System (DEPS) concept revolves around
strategic deployment of modular SOFC solutions that are geographically,
regionally and per-industry targeted, and which range from 100kW mobile systems
to 200MW power plant implementations. This distributed approach, where
dedicated RUBICON™ stations are developed in immediate proximity to
manufacturing and plant facilities, as well as corporate offices, not only
reduces the problem arising from overloaded electrical transmission systems,
where over 40% degradation and loss is currently seen in over-capacity grids
around the world, it vastly improves energy reliability. Scalable power
generation when and where it is needed has long been the brass ring of the
utility-scale world and fuel cell technology like RUBICON™ holds the key to
making this dream a reality.
Another major benefit to DNRG’s RUBICON™ fuel cell systems are the
built-in suite of remote monitoring capabilities, executed using proprietary
and patented software owned by Dominovas to deliver true “5G”, or 5th
generation wireless communications, optimizing the most useful aspects of both
WiMax and WiFi. This highly customized remote monitoring capability is
essential to the DEPS approach and each system is also anchored in an advanced
OFDM array (orthogonal frequency-division multiplexing), resulting in a
guaranteed minimum of 40 mbps throughput, and up to 140 mbps raw given specific
enhancements.
With established strategic partnerships in manufacturing, supply chain
management and deployment, the company’s recent MOU with Delphi Automotive
PLC’s primary subsidiary to jointly develop SOFC-based electrical power
generation equipment puts the company in an even more stable position to
commercialize fuel cells on the multi-megawatt scale. The deal with Delphi will
also handle adaptation and incorporation of Delphi’s own SOFC stack fuel cell
technology, no doubt leading to an impressive stationary power application and
the cooperative effort itself will help to further validate DNRG’s SOFC supply
chain and manufacturing capabilities.
For more information on Dominovas Energy, visit: www.dominovasenergy.com
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