The industries benefit from the Taiwan’s goal toward net-zero carbon emissions by 2050. As hydrogen can serve as a carbon-free fuel to baseload power plants, it is gaining more attention gradually. It is expected that it will have a huge growth potential in the industries and market in the future. The hydrogen power generation technologies are divided into two types: fuel cell and hydrogen turbine, both of which are still developing and refining. Because major international companies possess the key manufacturing technologies for hydrogen turbines, therefore manufacturers in Taiwan are still exploring and evaluating these relevant technologies and related supply chain. Currently, the hydrogen power industry map is based on the fuel cell that has commercial applications. The upstream, mid-stream and downstream businesses of the fuel cell industry are materials and components, stack, key parts and components, and system integration. The companies of materials and components include those of fuel supply, cell and electrode materials; the companies of stack, key parts and components include those of the stack, hydrogen supply system, power conversion system, hydrothermal management system and air supply system; and the companies of system integration include the fuel cell performance testing ones.
As there are a wide variety of fuel cell technologies and their products are mostly customized, their parts, components and key components vary significantly. For the main projects of Taiwan’s related fuel cell companies, in addition to their OEM Solid Oxide Fuel Cells (SOFCs) sold to international system integrators, one of the major products is Proton Exchange Membrane Fuel Cells (PEMFCs). These companies include the suppliers and distributors of products and manufacturers of testing equipment for fuel cell performance, UPS and backup power, although there are some companies that have invested in the mobile fuel cell such as scooters, forklifts and ships. When compared to the global industries, more Taiwanese system application companies have been developing products for fixed applications.
In addition, in response to domestic and foreign net-zero carbon emission trends and related hydrogen policies as well as plans, Taiwanese companies have been investing in the related parts, components and equipment for electrolysis to produce hydrogen and purification and recovery of industrial by-product hydrogen, to provide cleaner and cheaper hydrogen for related hydrogen applications in the future.