Fuel cell-powered combined heat and power (CHP) units could be profitable for 90% of UK households, according to a report by Ecuity Consulting LLP.
The report, developed on behalf of UK fuel cell developers, highlights that the installation of more than 5.3m fuel cell CHP units by 2030, allowing power consumers to generate heat and electricity themselves, would reduce energy bills by 21%. The fuel cell powered homes would produce 5GW of flexible energy capacity, which is equal to 14 gas fired power stations, according to the report.
“By de-centralising power generation and producing it in your home instead of centralised power stations, our technology empowers the consumer to produce clean, affordable, efficient and controllable energy where it is needed in the home, at twice the efficiency of centralised power stations,” said Mark Bugler technical director, at IE-CHP.
Fuel cells can be run on natural gas as well as zero carbon alternatives such as biomethane and hydrogen. Therefore it reduces CO2 emissions, the report says. The study bases its assumptions on the installation of fuel cell units in other countries, such as Japan and Germany.
The report “Fuel cells the smart power revolution” can be found here: http://www.ecuity.com/wp-content/uploads/2014/08/FUEL-CELLS-THE-SMART-POWER-REVOLUTION.pdf