Daily Gains Letter

Fuel Cell

While fuel cell technology dates back to the 1800s, scientists are only now coming out with unique solutions to help lessen our dependence on non-renewable energy sources like fossil fuels. A fuel cell is a device that takes stored chemical energy and directly converts it into electrical energy, emitting only water vapor.

Fuel cells are a promising technology for use as a source of heat and electricity for buildings, and as an electrical power source for electric motors in cars and trucks. Fuel cell-powered engines do not burn fuel, which makes them an efficient, quiet, and pollution-free alternative to combustion engines.

In 2012, the global fuel cell industry broke the $1.0-billion mark in revenue for the first time and is expected to reach $2.5 billion by 2018. Shipments of fuel cells are expected to jump from 24,500 in 2012 to 1.1 million units by 2018.