FuelCell Energy, a manufacturer of high temperature hydrogen fuel cells for clean electric power generation, has 2 distinguishing features as a fuel cell company;

i) They are firmly in the stationary power market from 250 KW to 3 MW
ii) They think hydrogen is far-off, so their fuel cells run on off the shelf fossil fuels like gas or even diesel and jet fuel

And whilst the company is loss-making according to an analyst at Ardour Capital . . . “If you're going to be in fuel cells . . . this is the only company you should be looking at right now.”

The fuel cell sector has not done well of late. But what has changed are rising government incentives which may at last herald better fortune. The Income Tax Credit was recently extended until the end of 2008 and some think it could run until 2016 when next renewed. Whilst I don't in principle agree with subsidies because of the opportunity costs they generate, it's clear that it is in the self-interest of alternative energy technologies which are not quite commercially viable to get them. This has generated quite a boom in the solar and wind industries. If the fuel cell sector did even half as well as those two, we would all take a lot more interest in the fuel cell industry very quickly.