Like batteries, fuel cells function but do not need to be recharged or run down. They generate heat and electricity as long as fuel is available. Two electrodes—a negative electrode (also known as the anode) and a positive electrode (also known as the cathode)—sandwiched around an electrolyte make up a fuel cell. The anode receives fuel, such as hydrogen, while the cathode receives air.
The cathode material is particularly significant since the oxidation reaction controls the efficiency of the fuel cell. Cheap base metals cannot be used because cathodes function in a highly oxidising environment. Semiconducting oxides, such as doped lanthanum cobaltites and lanthanum manganites, offer the finest compromise.
GLOBAL FUEL CELL CATHODE MATERIALS MARKET SIZE AND FORECAST
The Global Fuel Cell Cathode Materials market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
NEW PRODUCT LAUNCH
An innovative iron-based cathode material was developed by scientists at the Hong Kong University of Science and Technology (HKUST) to achieve record performance for protonic ceramic fuel cells, representing a significant advancement in the development and commercialization of this promising renewable energy technology.
LFP cathode material production has begun in Hefei by Volkswagen partner and Chinese battery cell producer Gotion High-Tech. When finished, the factory should be able to produce 200,000 tonnes annually.
Lithium iron phosphate cathode material made by Gotion satisfies the specifications for battery cells with an energy density of 210 Wh/kg and above. The expansion will happen in a total of four phases, thus it is unknown with what capacity the facility will now start up. The capacity would currently be somewhere in the range of 50,000 tonnes if all phases were the same size.
Gotion opened two new locations, increasing its capacity to produce battery cells by 30 GWh. Gotion High-Tech is working on semi-solid-state batteries in addition to LFP cells. According to Li, the goal for energy density is 360 Wh/kg. However, a timeline for potential series production has not yet been established.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
© Copyright 2017-2023. Mobility Foresights. All Rights Reserved.