Contact us (415) 233-7093 or [email protected]

UQM: The Market Opportunity for Fuel Cell Compressor Systems

IN FOCUS: UQM TECHNOLOGIES, INC. AND THE MARKET OPPORTUNITY FOR FUEL CELL COMPRESSOR SYSTEMS.

The alphaDIRECT Insight

The market for fuel cells in commercial transportation applications has experienced a surge in growth over the past year and is especially noteworthy in China. A highly favorable subsidy program has jumpstarted what we believe is only the initial stage of demand from the region. There have already been a number of high profile purchase orders by Chinese OEMs from North American based fuel cell companies over the past year and we expect more to come over the next 24 months based on existing subsidies. In our view, UQM is a yet unrecognized beneficiary of that market opportunity. Specifically, UQM supplies electric motors for fuel cell compressor systems as well as the electric drive system. UQM recently announced a purchase order from a major Chinese OEM and in our view, there are more opportunities behind this initial order from a number of OEMs. UQM is already engaged in an active growth strategy for the region, but fuel cells for transportation should provide yet another growth avenue. Furthermore, there is the potential for UQM to tailor its motor for compressor applications, which would make their solution even more competitive and grow their market penetration.

Bitnami