Versions of regenerative fuel cells 2023 2024 2025

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Unformatted text preview: ive Fuel Cells 2023 2024 2025 2026 2027 2028 Accelerated Shift Accelerated Shift Renewable Energy 2012 2013 2014 2015 Increased Gov’t Subsidies 2016 2017 2018 Smart Grid Regulations 2019 2020 2021 2022 Adoption by Energy Producers Other Energy Storage Methods Prove to Be Better Reduction in Cost, Increase in Efficiency Widespread Use in Use in Vehicles Membrane Free Fuel Cells Oil & Gas Crisis Gas Crisis Backlash Against FC Technology Government Withdraws Subsidies Miniaturization of Fuel Cell Technology G Prediction Prediction 1: Wind Farms (2013-2015) M Current Current Market for Wind Energy 32% rise in wind power capacity worldwide in 2009 2009 Worldwide investments totalling $150 billion •160GW (1%) of (1%) of in in 2009 Wind Power Top Users: United States, China, Germany, Worldwide •3968 GW of total 3968 GW of total Spain India Spain, India Energy Production Worldwide M Applications Applications of Fuel Cell EnStorage Regenerative Fuel Cell at renewable energy production site Allows for load leveling when power ows powe generation is inconsistent Allows energy producers to save energy until peak demand hours Cost effective energy storage system M Wind Wind Farm Implications for Management Invest in systems that monitor grid demand and energy output to ensure effective usage of Regenerative FC Secure government subsidies Be the first on the scene of this emerging market and become the established technology technology G Prediction Prediction 2: Smart Grid Regulations (2016-2020) C Problems Problems with Current Grid No means of storing energy Outdated technology Little feedback or information on grid activity Lack of efficiency No standards C Energy Energy Independence and Security Act of 2007 Establishes a Smart Grid Advisory Committee and Smart Grid Task Force Supplies funding of $100 million dollars each year towards a demonstration initiative The government is already moving towards establishing a smart grid K Applications Applications of Fuel Cells Regenerative fuel cell placed directly at energy energy sources ◦ Renewable energy sites Allows for maximization of energy produced by storing gy excess energy Harnesses all of the available...
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