Rystad Energy forecasts a tenfold revenue increase by 2030 as data centers seek alternatives to grid power.
The fuel cell market is projected to grow from $2.8 billion in 2025 to $30 billion by 2030, driven by surging demand for AI data centers. Developers are shifting away from congested power grids to on-site fuel cells for reliable energy.
A contracted order book of 9 gigawatts, including agreements with Oracle, AEP, Equinix, and Brookfield, underscores confidence among major operators. The expansion reflects unprecedented growth in data center construction to support AI computing needs.
The shift highlights broader energy challenges as industries adapt to rising power demands amid grid constraints.