North America Leads Solid Oxide Fuel Cell Market Growth | Clean Fuel Cells Reshape Hydrogen Integration on the Rise By 2031

The North America Solid Oxide Fuel Cell Market is projected to surpass by 2030, driven by rising demand from expanding data centers.

Powering Growth Through Strategic Collaborations in the North American SOFC Market

Leading players in North America's Solid Oxide Fuel Cell (SOFC) market like Bloom Energy, Watt Fuel Cell Corporation, and Special Power Sources are actively pursuing strategic partnerships and funding opportunities to scale operations and boost innovation.

For instance, Watt Fuel Cell and Peoples Gas achieved a 40% efficiency milestone in 2020 for residential fuel cell systems, paving the way for 2021 deployment. Similarly, in August 2021, Special Power Sources secured Phase I funding from the U.S. DoE's SBIR program to develop next-gen energy storage technology using proton-conductive ceramic fuel cells.

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The North America Solid Oxide Fuel Cell (SOFC) refers to the regional industry focused on high-efficiency electrochemical energy conversion devices that generate electricity from fuels like natural gas or hydrogen at high temperatures. Known for their durability and low emissions, SOFCs are used in distributed power, data centers, military applications, and residential energy systems. The market is driven by decarbonization efforts, clean tech investments, and energy reliability demands across the U.S. and Canada.

List of the Market Players in the North America Solid Oxide Fuel Cell Market Market:

Bloom Energy, Special Power Sources, Watt Fuel Cell Corporation and others.

Industry News:

U.S. Fuel Cell Programs Drive Adoption with Incentives and Funding

States like California, Delaware, and Connecticut are at the forefront of fuel cell deployment in the U.S., thanks to supportive programs, incentives, and subsidies. These initiatives have accelerated the installation of SOFC and other fuel cell technologies across the country. Notably, before December 31, 2016, eligible fuel cell projects could receive a tax credit of US$ 3,000 per kW or 30% of total project costs.

In a strong push for innovation, the U.S. Department of Energy (DOE) announced in September 2020 a US$ 34 million funding initiative under its FOA program, aimed at supporting the development and construction of small-scale SOFC systems.

Research Methodology:

The North America Solid Oxide Fuel Cell Market Market research report utilizes both primary and secondary data sources to provide a well-rounded analysis. Throughout the research process, various influential factors are assessed-including regulatory frameworks, current market dynamics, historical trends, competitive landscape, technological progress, upcoming innovations, and related industry developments. The report also considers market volatility, growth prospects, potential barriers, and emerging challenges to offer a comprehensive view of the market environment.

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Segment Covered in the North America Solid Oxide Fuel Cell Market Market:

By Type: Planar, Tubular

By Mobility Type: Stationary, Portable

By Application Type: Combined Heat and Power

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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