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home / news releases / CVX - FuelCell Energy Is Walking On A Tightrope

CVX - FuelCell Energy Is Walking On A Tightrope

Chevron Corporation

2024-03-26 14:52:40 ET

Summary

  • FuelCell Energy, Inc. is entering a critical phase as it tests its carbon capture technology and scales its hydrogen fuel technology.
  • The demand for clean hydrogen is projected to grow to 125-585MTPA by 2050, up from 90MTPA.
  • FuelCell Energy needs to accelerate their scaling efforts as competitors enter and secure hydrogen & ammonia supply contracts domestically.

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For further details see:

FuelCell Energy Is Walking On A Tightrope
Stock Information
Company Name: Chevron Corporation
Stock Symbol: CVX
Market: NYSE
Website: chevron.com
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