Continued growth in annual fuel cell system shipments was seen worldwide in 2011, increasing 39% compared to 2010 to reach a new high of 24,600 units. So far 2012 has seen that momentum maintained and our expectations are for full-year system shipments to more than triple relative to 2011, reaching 78,200. In megawatt terms, 2011 grew 20% versus the previous year to exceed 100 MW for the fi rst time and we anticipate a further 61% growth in megawatts for 2012, totalling MW. A number of high-profi le developments took place, including a surge in large stationary fuel cell.
