Hanwha’s Groundbreaking Power Plant Shows How Hydrogen Can Fuel a ‘Circular Economy’ - FuelCellsWorks
What’s colorless, odorless, and so abundant that it can be extracted from water?
It’s hydrogen — the most common element on Earth. It is now in increasing demand as a highly efficient and sustainable source of electricity, especially when used in hydrogen fuel cells.
Hydrogen-fuel-cell energy differs greatly from fossil-fuel-electricity generation, which relies on combustion to produce steam and spin a turbine. Instead, hydrogen fuel cells combine hydrogen and oxygen in an electrochemical reaction to generate electricity. The only byproducts are heat and water vapor, making hydrogen fuel cells an appealing way to cut carbon emissions.
In 2018, the market for hydrogen-fuel-cell power reached USD 865.1 million. The market is expected to rise sharply and reach USD 49.12 billion by 2026.
With so much potential for growth in the hydrogen power market, Hanwha Energy – a comprehensive-energy-solutions company – is now diversifying its product portfolio by constructing and operating hydrogen-fuel-cell power plants.
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