AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030

Data center developers are scrambling for reliable power, turning away from congested grids and toward on-site fuel cells.

Rystad Energy research and analysis projects a tenfold increase in fuel cell market revenues by 2030, rising from around $2.8 billion in 2025 to roughly $30 billion, as AI computing demand drives unprecedented growth in data center construction.

A contracted order book of approximately 9 gigawatts (GW), including framework agreements with Oracle, AEP, Equinix, and Brookfield, points to growing confidence among major operators…