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Oracle, Herbalife fall; FuelCell Energy, Magnite rise
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Fuel Cell Market Business Growth by Top Key Players Analysis till 2027
tusharJuly 13, 2021 Fuel Cell Market
Strict governmental regulations, increase in distributed power systems, and high efficiency of fuel cells are the major driving forces that will escalate the demand for fuel cells with applications in automation and power generation set ups. Unlike conventional power generation sources, fuel cells do not emit hazardous gases and pollution that is harmful to the environment. Also, depletion of natural resources, carbon emissions, and rising cost of fossil fuels is paving the way for alternate means of transportation and power generation. Therefore, both public and private sectors have taken continuous efforts to reduce carbon emissions and save fuel. Strict government regulations related to CO2 & SO2 emissions is driving the fuel cell market.
Last week’s OPEC meeting turned out to be quite a bit bumpier than expected as members argued over a number of points, with the decision being delayed by days. Looking ahead, OPEC’s job is going to continue to get more and more difficult because the 20th-century energy model is headed for the scrap heap.
Pulling fossil fuels out of the ground and piping them off to refineries for conversion into something to burn in combustion engines is quickly becoming an outmoded model for powering human culture around the world. However, counterintuitively, the process of killing off that dying model stands to drive oil prices higher as investment in new production capacity dwindles and output is politically constrained.
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