Stationary fuel cells
Fuel cell power systems for data centres, utilities and industry, today often on natural gas
3 leading companies in stationary fuel cells, one segment of hydrogen & fuel cells — Electrolysers, low-emissions hydrogen, fuel cells and hydrogen vehicles: a 100 Mt fossil market trying to go clean
new market segment · researched 2026-11-14
ElectrolysersLow-emissions hydrogen productionStationary fuel cellsFuel cells for vehiclesHydrogen supply & refuelling
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Leading stationary fuel cells companies
3 companies, with the scale each source states. Scale is the whole company's unless the row says otherwise.
| Company | Where | What they do | Scale |
|---|---|---|---|
| Bloom Energy BE ↗ | San Jose, CA, United States | Solid-oxide fuel cell power systems (largely for data centres, initially on natural gas) and solid-oxide electrolysers | revenue: 2,024 USD millions (FY2025, 10-K) (2025) ↗ |
| FuelCell Energy FCEL ↗ | Danbury, CT, United States | Carbonate and solid-oxide fuel cell power plants and electrolysis | revenue: 158.2 USD millions (FY ended Oct 2025, 10-K) (2025) ↗ |
| Doosan Fuel Cell 336260.KS ↗ | Iksan, South Korea since 2019 | Stationary phosphoric-acid fuel cells for power plants; US arm HyAxiom | — |
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The hydrogen & fuel cells market
The whole market this segment sits in.
global hydrogen demand · world100
↗million tonnes (Mt), 'surpassed' · 2025
Growth, segments, risks and every company in hydrogen & fuel cells →
Quick answers
- What are stationary fuel cells?
- Fuel cell power systems for data centres, utilities and industry, today often on natural gas. They are one segment of the hydrogen & fuel cells market.
- Who are the leading stationary fuel cells companies?
- Bloom Energy (United States), FuelCell Energy (United States), Doosan Fuel Cell (South Korea).
- Which stationary fuel cells companies are publicly traded?
- Bloom Energy (BE), FuelCell Energy (FCEL), Doosan Fuel Cell (336260.KS).
- How big is the hydrogen & fuel cells market?
- For the whole hydrogen & fuel cells market, not this segment alone: global hydrogen demand (world) 100 million tonnes (Mt), 'surpassed', 2025 — International Energy Agency.