Dominovas Energy Corp. (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…