The Solid Oxide Fuel Cell (SOFC) market is a subset of the fuel cell industry, which is a technology that converts chemical energy into electrical energy. SOFCs are a type of fuel cell that uses a solid oxide electrolyte to convert fuel into electricity. They are highly efficient and have a long life span, making them attractive for a variety of applications. SOFCs are used in stationary power generation, transportation, and portable power applications. They are also used in residential and commercial buildings for combined heat and power (CHP) systems.
SOFCs offer several advantages over other fuel cell technologies, such as high efficiency, low emissions, and the ability to use a variety of fuels. However, they are more expensive than other fuel cell technologies, and require high temperatures to operate.
Some of the major companies in the SOFC market include Bloom Energy, Ceramic Fuel Cells, FuelCell Energy, and Toshiba. Show Less Read more