Grand View Research forecast a 33.7% annual increase in investments towards the global fuel cell vehicles market.
The research firm expects the market to generate $1.75 billion by 2025 from $194.5 million in 2017.
The rapid growth is a result of an increase in investments by governments towards the development and adoption of fuel cells and the growing adoption of clean energy.
Ceres Power Holdings plc (LON:CWR) is a fuel cell technology and engineering company whose aim is to bring cleaner and cheaper energy to businesses, homes and vehicles. They are working with world-leading partners to embed their SteelCell®technology in mass-market energy products for the commercial, residential and transportation markets.