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Regenerative Fuel Cell Technology Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Regenerative Fuel Cell Technology Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

 

 
Worldwide Market Reports added Latest Research Report titled "Global Regenerative Fuel Cell Technology Market by Manufacturers, Regions, Product Type and Application, Forecast to 2023" to its Large Report database.

Regenerative fuel cell (RFC) systems produce power and electrolytically regenerate their reactants using stacks of electrochemical cells. Such type of energy storage systems with extremely high specific energy (>400 Wh/kg) have been designed that use lightweight pressure vessels to contain the gases generated by reversible regenerative fuel cells (URFCs). When a fuel cell is operated in reverse, the anode becomes the cathode and the cathode becomes the anode. Supplying a current and reversing the polarities of the electrodes in the hydrogen fuel cell results in a regenerative hydrogen fuel cell. The anode oxidizes water decomposing it into oxygen gas O2, hydrogen ions and electrons. The cathode reduces hydrogen and electrons into hydrogen gas.

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Increasing adoption of RFC by various end-use industries due to its wide applications is a major factor fueling growth of the regenerative fuel cell technology market. RFC has various applications such as it can store energy for remote off-grid power sources, emergency or backup power generation, emergency or backup power generation, high-altitude, long-endurance solar rechargeable aircraft, and hybrid energy storage/propulsion systems for spacecraft. However high cost of operation and maintenance is the major factor restraining growth of the regenerative fuel cell technology market.

Key Developments of Regenerative Fuel Cell Technology Market

In April 2016, MGX Minerals Inc. announced its wholly owned subsidiary ZincNyx Energy Solutions Inc. has developed new methods to expand the capacity of its zinc-air fuel cell battery as part of the mass production design phase. ZincNyx developed a patented regenerative zinc-air flow battery that efficiently stores energy in the form of zinc particles. It does not involve use of conventional high cost battery commodities such as lithium, vanadium or cobalt. The technology allows for low-cost mass storage of energy and can be deployed into a wide range of applications. Furthermore, various automobile manufacturers are focused on developing vehicles using hydrogen fuel cell technology to reduce carbon from the transportation side.

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For instance, in 2018, Toyota introduced Toyota Mirai for a new version of the Prius. The new fuel-cell vehicle burns hydrogen, which mixes with oxygen in the air to generate electricity that powers the motor while also creating heat and water as byproduct. Such major developments by manufacturer are expected to propel growth of the regenerative fuel cell technology market in near future.

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

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