The increasing demand for clean energy sources and the development of environmental-friendly urban transport systems in developed countries had been driving the impressive growth of the fuel cell industry. In the next seven years, the entire market is expected to rise by CARG of 56% and hit a
The increasing awareness about carbon emissions and the efforts taken to maximize sustainable energy use have also boosted the growth of the companies operating in this sector.
According to data presented by StockApps.com, the combined market capitalization of
Plug Power Market Cap Soared by 1283% YoY
Fuel cell technology plays a huge role in dealing with environmental issues and encouraging the use of renewable energy carriers by minimizing the emission of carbon dioxide or any other hazardous pollutants.
As the market leader,
In the next three months, the
However, statistics indicate the US fuel cell producer's stock price exploded in the fourth quarter, with the market cap rising by almost
Bloom Energy Market Cap Jumped by 377% YoY,
As the second-largest fuel cell company by market cap,
The fundamental technology that makes hydrogen power work is called a proton exchange membrane, which utilizes hydrogen and oxygen in an electrochemical reaction. The Canadian company is specialized in developing and manufacturing proton exchange membrane (PEM) fuel cell products for markets like heavy-duty motive applications, portable power, material handling, and engineering services.
Statistics show the
As the third-largest company operating in the fuel cell market,
In
The full story can be read here: https://stockapps.com/combined-market-cap-of-top-three-fuel-cell-companies-soared-by-550-yoy-to-20-8b/
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