REGENERATIVE FUEL CELL TECHNOLOGIES MARKET ANALYSIS
However, high cost of operation and maintenance is restraining the growth of regenerative fuel cell technologies market. Furthermore, low availability of fuel and low durability of fuel cells, especially at elevated temperatures are factors negatively affecting the growth of RFC technologies market.
Furthermore, government bodies are also supporting the innovation in fuel cells technology, which is likely to upsurge the demand for regenerative fuel cell technologies. For instance, The Australian Federal Parliament started to provide significant support for hydrogen and fuel cell innovation. In January 2019, the body announced the commitment of US$ 784 million to supercharge Australia’s hydrogen industry in order to push renewable sector of the country.
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