DNRG: Report Forecasts 50% Growth in SOFC Market B
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Posted On: 03/08/2016 11:42:49 AM
DNRG: Report Forecasts 50% Growth in SOFC Market By 2020
A solid oxide fuel cell (SOFC) is a fuel cell that produces electricity through an electrochemical process. SOFCs offer low emissions, long-term stability, high efficiency, and fuel flexibility. The excellent fuel flexibility of the devices permits the use of safe, cheaper, and readily available hydrocarbons such as natural gas, methane, and syngas. SOFCs, however, function at a high operating temperature, usually within the range of 800°C-1000°C for the activation of the electrolyte, making them far less susceptible to carbon monoxide poisoning and thereby, longer lasting. Analysts forecast the global SOFC market to grow at a compound annual growth rate of 9.78 percent during the period from 2016-2020 (Estimated market value of $614.92 billion in 2015).
Dominovas Energy Corp. (OTCQB: DNRG) is an energy solutions company dedicated to delivering clean, efficient and reliable electricity to areas of the world that lack this precious commodity on a multi-megawatt scale. At the heart of Dominovas Energy’s Fuel Cell Division is a revolutionary ”disruptive technology” and energy solution powered by the RUBICON™ Series SOFC Technology.
Led by the incomparable scholar, professor, and visionary Dr. Shamiul Islam, the RUBICON™ is expected to achieve more than 50 percent fuel-to-electricity efficiency, providing cost effective, clean, significantly-reduced emissions with silent operations in modular multi-megawatt power arrays. The proprietary system is also uniquely capable of reforming and converting multiple fuel stocks such as natural gas and bio-fuel, and is expected to become the “PLATINUM Standard” by which all other fuel cell technologies are measured.
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, according to the International Energy Agency’s annual market report. The report sees the share of renewable energy in global power generation rising to over 26 percent by 2020 from 22 percent in 2013 – a remarkable shift in a very limited period of time. By 2020, the amount of global electricity generation coming from renewable energy will be higher than today’s combined electricity demand of China, India and Brazil.
The report says the geography of deployment will increasingly shift to frontier economies and developing countries, which will make up two-thirds of the renewable electricity expansion to 2020. China alone will account for nearly 40 percent of total renewable power capacity growth and requires almost one-third of new investment to 2020.
For more information, visit www.dominovasenergy.com
A solid oxide fuel cell (SOFC) is a fuel cell that produces electricity through an electrochemical process. SOFCs offer low emissions, long-term stability, high efficiency, and fuel flexibility. The excellent fuel flexibility of the devices permits the use of safe, cheaper, and readily available hydrocarbons such as natural gas, methane, and syngas. SOFCs, however, function at a high operating temperature, usually within the range of 800°C-1000°C for the activation of the electrolyte, making them far less susceptible to carbon monoxide poisoning and thereby, longer lasting. Analysts forecast the global SOFC market to grow at a compound annual growth rate of 9.78 percent during the period from 2016-2020 (Estimated market value of $614.92 billion in 2015).
Dominovas Energy Corp. (OTCQB: DNRG) is an energy solutions company dedicated to delivering clean, efficient and reliable electricity to areas of the world that lack this precious commodity on a multi-megawatt scale. At the heart of Dominovas Energy’s Fuel Cell Division is a revolutionary ”disruptive technology” and energy solution powered by the RUBICON™ Series SOFC Technology.
Led by the incomparable scholar, professor, and visionary Dr. Shamiul Islam, the RUBICON™ is expected to achieve more than 50 percent fuel-to-electricity efficiency, providing cost effective, clean, significantly-reduced emissions with silent operations in modular multi-megawatt power arrays. The proprietary system is also uniquely capable of reforming and converting multiple fuel stocks such as natural gas and bio-fuel, and is expected to become the “PLATINUM Standard” by which all other fuel cell technologies are measured.
Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, according to the International Energy Agency’s annual market report. The report sees the share of renewable energy in global power generation rising to over 26 percent by 2020 from 22 percent in 2013 – a remarkable shift in a very limited period of time. By 2020, the amount of global electricity generation coming from renewable energy will be higher than today’s combined electricity demand of China, India and Brazil.
The report says the geography of deployment will increasingly shift to frontier economies and developing countries, which will make up two-thirds of the renewable electricity expansion to 2020. China alone will account for nearly 40 percent of total renewable power capacity growth and requires almost one-third of new investment to 2020.
For more information, visit www.dominovasenergy.com
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