NEXT GENERATION FUEL CELL TECHNOLOGY
Applications
Market
Size
Advent MEA
Market Changing Technology
D
MEA
Membrane
Electrode
Assembly
Advent Inside
EV
Automotive
00
$1,200b
by 2027
Heavy-duty trucks
Commercial vehicles
Passenger EVs
Range extenders for SUV
Taxis
Charging stations
00
Advent's MEAs are the "heart" of the fuel cell & all
electrochemistry applications - analogous to Li-ion cell for
battery packs
FUEL CELLS
Off-grid
Power
Aerospace &
Defense
Energy
Storage
OTHER MARKETS
Hydrogen
Production
H2
Hz Hz
IoT,
Sensors
$350b
by 2040
Telco, O&G, Mining, CHP
$27b
by 2030
Commercial drone
power
Surveillance/Defense
APU
eVTOLS
Defense, security, marine
2
Commercial aviation
Zero-emissions flight
Auxiliary power
$4.5b
by 2028
Vanadium and Iron flow
battery
Microgrid, industrial and
utility markets
Used for balancing
renewable power demand
& supply
$2.3b
by 2028
Hydrogen technology &
generation
Electrolysis
Power to gas, power to
liquid technology providers
$1.3b
by 2027
Electrochemical sensor
for: pollution monitoring,
medical, food, consumer
apps
Sources: Grand View Research, IDTechEx, Markets and Markets, Lux Research, Allied Market Research.
www.advent.energy
ADVENT
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