With rising electricity prices the demand for alternative fuels, like hydrogen, becomes more and more relevant. In the US, electricity prices are projected to rise by as much as 16% by 2031. As a countermeasure to the impending energy crisis, Alkaline Fuel Cell Power is in the process of developing and prototyping its 4kW system which will be ready for sale in 2027. It aims to provide a cleaner and cheaper source of electricity using hydrogen fuel.
Many countries see hydrogen as a crucial source of cleaner energy despite its low adoption rate today. European legislatures and capital providers are becoming more demanding of the energy sector to integrate clean energy, as it has become a growing concern for the region. A pro-green hydrogen plan has already been launched by the European Union in July 2020, investing $150 billion into clean hydrogen over the next 10 years.
Although the demand for clean energy technologies continues to grow, what is currently available on the market does not meet the massive demand. This is due to a lack of adequate zero-emission technology. Alkaline Fuel Cell Power strives to revolutionize the technology available in an effort to help meet the global demand for cleaner energy.
Alkaline Fuel Cell Power sees hydrogen as the future for the world’s energy usage and has long been invested in the research and development of hydrogen technologies. Hydrogen made using water electrolysis can be entirely green if it is produced using renewable energy. Using this green hydrogen in a hydrogen fuel cell has zero negative impact on the environment and no CO2 emissions.
The Alkaline Fuel Cell Power’s unique and competitive approach to component design is what sets their products apart from those of other developers in the field. Accessible materials like nickel and graphite are used by Alkaline Fuel Cell Power to manufacture components, making a high volume of production possible and the end product more affordable.
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